Q. I never heard of anyone being offered both a VERA and a VSIP. Is that possible?
A. Yes, it is possible. And it’s not that uncommon. However, while the Voluntary Early Retirement Authority is generally offered to anyone who meets the age and service requirements in an organization or geographic area, the Voluntary Separation Incentive Payment is offered only to those in selected positions that ad agency wishes to reduce or abolish. Unlike the VERA, a VSIP can be offered to and accepted by anyone to whom it is offered, regardless of whether they meet the age and service requirements to retire.