Q. If I am offered Voluntary Separation Incentive Pay, I accept it and it is approved, but I find a job in the federal government before my retirement date in July, can I rescind my retirement and accept a job since nothing had been paid yet?
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Q. I am fully eligible and plan to retire within the next 12 to 24 months. I have heard Voluntary Separation Incentive Payments are under consideration for my agency. I am also a Type 2 Wildland Fire team member and will continue to work fires after I retire. Will the money I earn as “active duty” retired federal employee during the summers have an impact on the VSIP buyout requiring repayment?
Q. I am a FERS employee with 28 years of service and have met my minimum retirement age. I will not be eligible for full retirement for another two years when I am 60 and have 30 years of service. If I am offered a Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay (I work for the Army), will I get an annuity reduction if the offer is not a reduction in force?
Q. How much leave will my CSRS wife be taxed on $15,000 of cashed-in leave? I am trying to project 2013 estimated tax payments. My wife retired and gets a Voluntary Separation Incentive Pay of $25,000 and — can you confirm? — about $7,000 will be withheld in tax.
Q. I am a 52-year-old employee with 24 years of service. Will I still receive my full retirement if I took the Voluntary Separation Incentive Pay, or would it be best to take the disability I am planning to take later this year? I understand that I can’t take both.
Q. I will complete nine years of civil service as of August, as well as 22 years of military service. If I apply for Voluntary Separation Incentive Pay, what, if anything, can I expect to receive?
Q. If a federal employee takes a buyout, but then wants to return to federal service, is he eligible for reinstatement rights, or does he have to compete as though he did not have prior federal service?
Q. I am eligible to retire October 2014 under FERS at age 56 (my minimum retirement age). Are you allowed to take both the Voluntary Early Retirement Authority and Voluntary Separation Incentive Pay? If not, which would be smarter to take?
Q. If you take an early-out with an incentive and, in turn, put in for a medical retirement and it’s approved, would you have to pay back the incentive? A. No.
Q. I may be offered an early-out in May. I have been working for the Army Corps of Engineers for the past 34 years. I’m a CSRS employee. If I take the buyout and have a chance to go work for FEMA or the U.S. Forest Service fighting fires out west this summer, can I do this without paying back the bonus? A. According to the Office of Personnel management, “An employee who receives a [Voluntary Separation Incentive Pay] and later accepts employment for compensation with the Government of the United States within five years of the date of the…