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Friday, May 30, 2008

Voluntary Early Retirement Authority

OPM Reduction in Force Portal

"...Voluntary Early Retirement Authority (VERA) allows agencies that are undergoing substantial restructuring, reshaping, downsizing, transfer of function, or reorganization to temporarily lower the age and service requirements in order to increase the number of employees who are eligible for retirement. The authority encourages more voluntary separations and helps the agency complete the needed organizational change with minimal disruption to the work force. By offering these short term opportunities, an agency can make it possible for employees to receive an immediate annuity years before they would otherwise be eligible..."    



Tags: VERA, RIF, Early Retirement

Source: www.opm.gov

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