What are the basic age and service requirements for VERA?
To be eligible for Voluntary Early Retirement Authority, an employee must be either age 50 with 20 years of creditable service or have 25 years of total creditable service at any age. It is important to note that if an employee who is covered by the Civil Service Retirement System takes a VERA, he or she will face a 2 percent reduction in annuity per each year he or she is under the age of 55. There is no reduction for employees covered by the Federal Employee Retirement System.
To be eligible for VERA, an employee must be either age 50 with 20 years of creditable service or have 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 a VERA, he or she will face a 2 percent reduction in annuity per each year he or she is under the age of 55. There is no reduction for employees covered by the Federal Employee Retirement System.
