Q. If I take the early retirement offered to me, being under FERS, will I receive the incentive pay?
Browsing: VSIP
Q. How long has the separation incentive amount been capped at $25,000?
Q. I have 31 years of federal service with the National Park Service. I have 18½ years of law enforcement service (because the Firefighter and Law Enforcement Retirement Team took away four permanent years of law enforcement service). I will be 60 in September. Is it possible for the government to give me an early retirement and give me the last year of the 20-year retirement special pay (January 2014 instead of January 2015)? Or do I need to work the last year to get the 20-year special pay. The early-out and incentive payment may be offered soon.
Q. If I submit my application for Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay and my VSIP incentive is denied, will I be forced to retire/resign? I have 24+ years and am over 58 years of age. My position is “overhire,” and we are undergoing furlough with very likely RIF.
Q. I am 62, with 20 years and 10 months of service. My retirement application with a date of Dec. 31, 2013, was accepted June 13, and my retirement representative has begun work on this. Can I still be affected by a reduction in force even though the government has my retirement application? I am also having a little difficulty understanding the Voluntary Separation Incentive Pay.
Q. I am an employee with 36+ years with the Defense Department. I am 60 years and eight months old, FERS, and have been offered a Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay. Would I be eligible for both or only one? What entails accepting the VSIP and retiring under the VERA? What is a full special retirement supplement?
Q. I am a FERS employee. I reach my minimum retirement age in October with 36 years of service. I plan to work until January 2015. I was told by a retired co-worker that he was offered a Voluntary Separation Incentive Pay two years ago, but he did not accept it. He did not accept the VSIP because he was informed if he took the VSIP, then he would not be eligible for the special retirement supplement. If a VSIP is offered next year, I would consider retiring early if it meant that I would lose the special retirement supplement.…
Q. Can an agency offer Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay to affected employees after they have received their reduction-in-force notifications?
Q. I am 62 with 26 years in. I have been offered Voluntary Early Retirement Authority or Voluntary Separation Incentive Pay. If I take VSIP, when could I retire, so I can get my retirement annuities and Thrift Savings Plan?
One of the most valuable benefits offered to federal employees is the opportunity to enroll in the Federal Employees Health Benefits Program. I thought it would be a good idea to spell out the conditions that need to be met to carry FEHBP coverage into retirement. If you are eligible to retire on an immediate annuity, you can keep your health benefits coverage if you are currently enrolled in FEHBP and have been continuously covered for at least five years. Note: You are considered continuously covered even if you were enrolled in the program when you left government and re-enrolled…