Who can authorize the use of VERA?
The Chief Human Capital Officers Act of 2002 provided expanded authorities for agencies to request VERA based on the need to delayer, restructure, reshape, or downsize their workforces. An agency must request VERA and receive approval from the Office of Personnel Management (OPM) before the agency may offer early retirement to its employees. The approval from OPM will stipulate a period of time during which the option will remain available.
