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What is VSIP/VERA?

Vera vsip
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What is VSIP/VERA?

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A. Voluntary Separation Incentive Pay (VSIP) is a tool whereby management can offer a monetary incentive to encourage employees to voluntarily separate by retiring or resigning rather than be subject to involuntary separation through RIF. Voluntary Early Retirement Authority (VERA) allows employees to retire prior to meeting normal age and service requirements. This too allows employees to voluntarily separate rather than face possible involuntary separation through RIF.

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