Q. I retired under a Voluntary Early Retirement Authority with 24 years of service. I’m supposed to start receiving my special retirement supplement when I turn 56, my minimum retirement age. I don’t know how much the supplement will be or how to calculate it. How can I find out how much my SRS will come to?
Browsing: VERA
Q. I am 53 years old with 34 years government service. I have been offered Voluntary Early Retirement Authority. Will I be able to get the special retirement supplement, or do I have to meet an age requirement?
Q. I am a CSRS employee approaching my 30-year service computation date and planning to retire shortly thereafter. I have not yet submitted retirement paperwork. Coincidentally, my agency has just indicated that within the next few weeks, I will receive a notification that I am eligible for an early-out with incentive. Do I need to separate from federal service prior to my 30 years of service date to be eligible for Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay? Anticipated date of VERA eligibility letter: July 22. SCD (30 years): Aug. 8.
Q. If your organization removes your position from the TDA and you are under FERS, can you be offered Voluntary Early Retirement Authority with 11 years at 51 years of age?
Q. I am 47 years old with 25 years and two months of service time under FERS. If I accept Voluntary Early Retirement Authority, my understanding is that my monthly annuity will not be eligible for cost-of-living adjustments. Is that correct? Also, once I reach age 56 and four months, the special retirement supplement would then be added until I’m age 62. Is that correct? After age 56 and four months, would COLAs then be applied to the annuity? Finally, if I’m working in the private sector earning a salary above the current $14,000 Social Security limit for earnings, would…
Q. If my agency offers a Voluntary Separation Incentive Pay/Voluntary Early Retirement Authority after I have submitted my retirement paperwork, but before I actually retire, am I eligible for the payout?
Q. I would like to know from what pot of money Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay are funded because I will never be on the receiving end.
Q. Is the Voluntary Separation Incentive Pay/Voluntary Early Retirement Authority a bonus pay or a severance pay?
Q. Please give a definition of what is a Voluntary Separation Incentive Pay and what is a Voluntary Early Retirement Authority.
Q. I took the Jan. 31 early-out from the Postal Service with 29 years and three months of service. I was 59 on my day of retirement. On Feb. 2, I turned 60 years old. Do I qualify for the special retirement supplement?