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Reply to "Breadwinner VERA - Ugh"
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[quote=Anonymous]I posted this in the If you are RIF - do they just let you take VERA thread. In RIF, if you qualify for an immediate annuity - same criteria as VERA - you receive a Discontinues Service Retirement (DSR). But there are differences b/w VERA and DSR. Differences based on age and years of service are described on pg 4 in OPM Chapter 51. Retiree Annuity Supplement. https://www.opm.gov/retir...k/c051.pdf Another important bit of info…for double Fed families, you don’t have to be the one paying for FEHB to keep it after VERA or DSR. You are both are considered enrolled - so which ever person retiring could take over insurance deductions to guarantee FEHB for family. OPM describes RIF in chapter 44. https://www.opm.gov/retir...k/c044.pdf Currently HR folks are just describing VERA rules. And one HR person told me that VERA and DSR were the same. I didn’t believe them and read both chapter 44 and chapter 55. And FERS supplement is not available for those at MRA + 10 yrs. Risk of waiting for RIF and thinking VERA and DSR are same are large. Because if you are offered a reassignment under RIF and decline - then it’s not DSR, it’s a resignation. Read both chapter 44 and 51 to understand your own specific risks under RIF.[/quote]
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