Ask The Experts: Retirement

By Reg Jones

Annual leave payout, VSIP and special retirement supplement

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Q. Would the receipt of lump-sum leave payment (estimated $17,000) and a Voluntary Separation Incentive Payment (estimated $25,000) count against the earnings test to receive the special retirement supplement? If so, I assume that would effectively eliminate the supplement in the first years.

A. Neither the annual leave lump-sum payment nor the VSIP will have any effect on your special retirement supplement.

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