VERA vs. immediate annuity


Q. You recently answered a question that stated there would be no point in accepting a Voluntary Early Retirement Authority offer if already eligible for an immediate retirement annuity. If, however, there is a monetary incentive involved, wouldn’t it be smarter to take the VERA to receive the cash incentive?

A. There isn’t any monetary incentive under the VERA, only with a Voluntary Separation Incentive Payment. So, my answer stands.


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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

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