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 …

The Department of Commerce has received approval from the Office of Personnel Management (OPM) for Voluntary Early Retirement Authority (VERA) and Voluntary Separation Incentive Payments (VSIP) authorities now through Thursday, April 17, 2025.. Eligibility Requirements. All employees, in all positions, at all grade/band levels, in every geographic location except for positions focused on ...

Voluntary Early Retirement Authority (VERA) – also referred to as “early out” retirement, VERA temporarily lowers the age and service requirements in order to increase the number of employees who are eligible for retirement during periods of substantial restructuring, reshaping, downsizing, or reorganization. SURVEY PERIOD

VERA is not the same as a Voluntary Separation Incentive Payment (VSIP), also called a “buyout.” The Office of Personnel Management’s (OPM) approval of VERA for an agency does not automatically authorize Voluntary Separation Incentive Payments. However, the use of VERA and VSIP together has been shown to significantly increase the

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Voluntary Early Out Retirement (VERA): Originally offered only to employees who perform non-mission critical work, SSA expanded, and still offers, VERA to all employees through December 31, 2025. Eligible employees must tell their supervisor by November 1, 2025, of their intent to leave the agency under VERA and must leave by December 31, 2025. ...

2025年2月28日 · Both VERA and VSIP require employees to opt in and to separate from the agency by specific dates. Social Security anticipates that much of the staff reductions needed to reach the target of 50,000 will come from retirement, VSIP, and resignation. Additional reductions will come from reduction-in-force (RIF) actions that could include ...

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VERA stands for Voluntary Early Retirement Authority and is commonly referred to as early out retirement. This authority expands the normal retirement eligibility to allow employees to retire voluntarily, with an immediate annuity, before they would otherwise be eligible. The VERA is separate from the Voluntary Separation Incentive Payment ...

Both VERA and VSIP require employees to opt in and to separate from the agency by specific dates. Social Security anticipates that much of the staff reductions needed to reach the target of 50,000 will come from retirement, VSIP, and resignation. Additional reductions will come from reduction-in-force (RIF) actions that could include ...