Browsing: VSIP

Q. 1. If I return to the federal government, will my federal pension be reduced? 2. If I return, can this added time be recalculated to add to my existing pension? And if it is added, how long (in years) would I have to work for it to be added to my pension? 3. I retired in 2005 and received a buyout. Will I have to pay back the buyout?

Q. I am nearing 20 years of service and am over 56 years old. As of March 6, 2014, I will have 20 years of federal service and, as of March 31, a total of 20 years, five months and 16 days counting all of my creditable sick leave. To apply for Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay, do I first have to be retirement eligible? Am I able to adjust my retirement date and still keep 20 years service by applying unused sick days, or are they only attached to the end of my total federal service time?

Q. I’m a Defense Department employee with 19 years of federal service, and I’m 37 years old (I had 12 years of active-duty military time, which I bought back toward my government time. If the Voluntary Separation Incentive Pay is offered again this year, I’m considering accepting the buyout. If I accept the buyout, can I still apply for a deferred annuity once I reach age 62? Is there much benefit to waiting until I have 20 years of federal service, as opposed to separating with 19 years? I still won’t be at my minimum retirement age (57), even if…

Q. My agency sent out a Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay form to inquire about interest. Some got it, while others did not. It seemed only personnel going anyway got the buyout. I was told the reason I did not get it was I did not qualify. At the time, I was 54 and had 21 years of service. Does this VERA/VSIP constitute a reduction in force or restructuring? If so, why would I not qualify?

Q. I resigned from the Postal Service after 10-plus years on July 31, 2012, at age 54 and received half of the $20,000 separation bonus in December 2012 and am expecting the other half this December. Do I qualify at age 62 for FERS? My husband also works for the Postal Service but is not planning to retire until age 62. If he should die before me (and vice versa), will I, as his wife, receive his FERS annuity and mine? How is this determined? Or will the surviving spouse only receive a portion of the deceased spouse’s monthly annuity?

Q. I am 52 years old and have 25 years of federal service to include my 13 years of military time, which I bought back. I am under FERS. 1. Do I qualify for the Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay, if offered? 2. Would I take a cut in retirement benefits?

Q. Can a federal retiree who received Voluntary Separation Incentive Pay work for a county public school transportation system within five years of receiving a VSIP? Working for a county government public school transportation system does not mean you need to payback the buyout, right? This only applies to re-employment in another federal government agency.

Q. I have four years of federal service, and I am going to take Voluntary Separation Incentive Pay because it is being offered. I am worried that if I take VSIP and apply for different job after two years, my reinstatement eligibility will be different. In the documentation, they always lump VERA and VSIP re-employment. However, I am 26 years old and would not be receiving a pension. Do you know where documentation is that states re-employment rights when just taking VSIP? How do I know I am not considered a re-employing annuitant? Technically, a payout could be considered an…

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