FERS annuity and VERA or VSIP


Q. I am a FERS with 21 years service and age 51 with an minimum retirement age of 56. Say I retire under the Voluntary Early Retirement Authority or Voluntary Separation Incentive Program prior to the end of 2012 and work elsewhere (not federal). Since I would not be receiving an annuity between retirement at age 51 and annuity eligibility at age 56, would any earned income above $14,640 during those five years have a delayed effect on my annuity from 56 to 62?

A. No. The earnings limit only applies when you are receiving either the special retirement supplement or a Social Security benefit. In the latter case, the earnings limit only applies until you reach your full Social Security retirement age.


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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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