VSIP eligibility


Q. With 20 years of federal civilian employment at age 50, would I be eligible for Voluntary Separation Incentive Pay if it’s offered? I am under FERS.

A. Yes, because anyone who is offered a VSIP can accept it, whether or not he is eligible to retire. In your case, you have the years and service to both accept the payment and retire.


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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.


  1. I am under FERS, 55 years old and have 24 years of service. I was offered a VSIP but not a VERA. If I take the VSIP and because I did not receive the VERA, could I postponed my retirement to age 60 and avoid the penalty and then restart my medical, life insurance at 60?

    • Because you are at least age 50 and have at least 20 years of service, you won’t have to postpone your retirement. If you accept the VSIP, you will automatically be entitled to take early retirement and receive an unreduced annuity based on your years of service.

      • Reg…I was only offered the VSIP. Does the VSIP allow you to retire with no penalty at age 55 with 24 years of credible service? I thought only the VERA allows the early retirement at age 50 with at least 20 years??

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