VERA and maximum annuity

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Q. I am 60 years old and will have 40 years of uninterrupted CSRS service in August. In July 2015, I will attain the number of years for a maximum percentage annuity. My agency is considering Voluntary Early Retirement Authority and/or Voluntary Separation Incentive Pay for a number of positions. Is there any basis for offering an employee in my situation credit for the remaining years to attain the maximum percentage annuity early with a voluntary retirement/separation?

A. There is no provision in law that would permit that under any circumstance.

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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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