Q. I have 10 years in FERS, and I’m 60. I am being offered a Voluntary Separation Incentive Payment in August. I turn 61 in October. It is my understanding that my annuity be reduced by 5 percent for each year I’m under 62. Since I am turning 61 in October, will they only reduce my annuity by 5 percent instead of 10 percent? Lastly, when I turn 62, will my annuity reduction stop and go back to what I would have received at the age of 62?
Q. I am a civil service employee that was involuntarily retired from the Department of Defense in 1997 due to base closure. I received a VSIP/VERA in the amount of $25,000. At the time I was 47 years old with 23 years plus four years of military time, which was credited toward retirement. Three months later I was hired by the U.S. Postal Service. I have been there for a little more than 19 years now. I am 66 years old now and am considering retirement this year. Will I be allowed to retire with the total years of service or…
Q. I was informed by my local human resources and retirement benefits representative that under FERS, with 30 years of credible service, I am eligible for retirement at any age (I am age 50, with 20 credible years of service) without reduction in annuity payments. Does this seem correct?
Q. I always thought that when you’re offered a VERA/VSIP bonus, it only applies to people that don’t have the years and age. What if I have both age and years? Will I still be offered the VERA?
Q. I retired under FERS in 2009 after 15 years of service (MRA). I received a buy out under VSIP. I am 66 years old and have been collecting Social Security since 62. Can I apply for a federal position with the Department of Veterans Affairs or the Defense Department?
Q. I will be turning 57 next year with 26 years of service, and I believe my organization will be offering Voluntary Early Retirement Authority (VERA)/ Voluntary Separation Incentive Payment (VSIP). Would it be worth it for me to retire? Will early retirement count against me?