Q. My agency has offered me a Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay for at least the last five years. I have 10½ years active duty Army. I have 27 years as a government employee. I turn 55 in December. I am under FERS. My agency will offer me VERA/VSIP at the end of this year. I have not bought my military time yet, but I will do so. Will I be eligible for Social Security supplement or FERS annuity supplement? Is there a difference?
A. What you are referring to is generally called the special retirement supplement. Because you meet the age and service requirements to retire under a VERA, you’d be entitled to the SRS when you reach your minimum retirement age, which is 56.