What are the basic age and service requirements for a VSIP?
The agency may specify that only retirement eligible employees, including those employees eligible for early retirement, are eligible for a VSIP. To meet the criteria of an early retirement, an employee must be at least age 50 with at least 20 years of creditable service or have at least 25 years of total creditable service at any age. It is important to note that if an employee covered by the Civil Service Retirement System takes an early retirement, he or she will face a two percent reduction in annuity for each year he or she is under the age of 55. There is no reduction for employees covered by the Federal Employees Retirement System.
