With downsizing a likely step as the government adjusts to budget realities, questions have been pouring in about how agencies will handle staff reductions. Outside of relying on attrition, agencies have two options to get their numbers down while softening the blow for employees: the Voluntary Early Retirement Authority (VERA) and the Voluntary Separation Incentive Program (VSIP).  Under VERA, an agency can offer employees an opportunity to retire early. The Office of Personnel Management designates the specific geographic area and occupations where the VERA applies. It also stipulates the time during which the “early outs” will be offered. If needed…