Just one buyout


Q: I am in CSRS Offset. I received a VERA/VSIP buyout in 2001 and returned to work in 2008. I am 56 and have 28 years of federal service. I indicated on the recent survey that I would accept a buyout if offered. I am now told that I am ineligible for a buyout because a person can only receive one buyout in their lifetime. Is there any regulation that states an employee can only receive one buyout?

A: Your agency is correct. For confirmation, go to www.opm.gov/employ/html/vsi.htm.


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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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