Q. My husband and I were both federal employees and took the Voluntary Early Retirement Authority. The minimum retirement age for both of us is age 56. Will we both be eligible to receive the special retirement supplement at the MRA, or will only one of us receive the supplement at MRA? A. You will both be eligible for the SRS when you reach your MRA. Reg Jones is away until May 2. Daily posts of previously submitted questions will continue, while newer queries will be answered following his return.
Q. If I accept a VERA and have fewer than 30 years of service, will I still still get the special retirement supplement when I reach my minimum retirement age? How do they calculate the payment?
Q. I am 55 and will reach my minimum retirement age in December. If I take the offer for VERA, will I qualify for the special retirement supplement? Or will I get penalized for not waiting until my MRA age?
Q. I’ve just received notice that I am eligible for VERA at the U.S. Postal Service and adding up my years found that I’ve been with the Postal Service for 19 years and 6 months. However, I just turned 53 and I bought my military time of 3 years when I first entered the Postal Service. Retirement would be possible if I qualify for SRS. Do I qualify for the SRS? And If I do, when does it go into effect?
Q. I am 51 on Dec. 19, 2017. I have been with the government for 34 years. I have been offered Voluntary Separation Incentive Payment and Voluntary Early Retirement Authority. Can I take advantage of both? If I accept the VSIP and get the $25,000 buyout, can I keep my health insurance and benefits for life thru VERA? From my understanding, if I accept the VSIP, I will lose my health benefits in 18 months. Since I qualify for both VSIP and VERA, can I take both and get the buyout and keep the health benefits?