Am I eligible for Voluntary Early Retirement Authority (VERA) or Voluntary Separation Incentive Pay (VSIP)?
• You may be eligible for VERA/VSIP if you have not declined an offer to relocate with your organization. • VERA allows eligible employees to retire before their optional retirement eligibility date. VERA is authorized when an employee’s position has been identified for abolishment/modification or the employee saves another employee whose position has been identified for abolishment. • VSIP is a management tool used to encourage designated civilian employees to separate voluntarily from Federal service. Voluntary separation incentives may be used to reduce or restructure the civilian workforce, create vacancies for the placement of employees subject to involuntary separation by reduction in force (RIF), or avoid the need for involuntary separations during RIF. Managers are not required to offer a VSIP in conjunction with VERA or a VERA in conjunction with a VSIP. VERA/VSIP is not an employee entitlement.
Related Questions
- Can I defer my separation pay under the Purdue University Voluntary Retirement Savings 403(b) Plan or 457(b) Plan?
- How do I change from participating in the Voluntary Separation Program to the Early Retirement Incentive?
- Am I eligible for Voluntary Early Retirement Authority (VERA) or Voluntary Separation Incentive Pay (VSIP)?
