Ask The Experts: Retirement

By Reg Jones

VERA/VSIP and retirement benefits

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Q. I am a Defense Department civilian and have met my minimum retirement age. I will not be eligible for full retirement under FERS until September 2015.

By then, I will be 60 and will have 30 years of service.

If I accepted a VERA/VSIP (I am on the offer list), would I get hit with an annuity reduction if the offer is not the result of a reduction in force? If I could take the offer without a reduction, would I also receive the special retirement supplement?

A. Because you are covered by FERS, you wouldn’t be subject to the age penalty. And because you have already reached your minimum retirement age, you would be entitled to the special retirement supplement.

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