Offered an early out or a buyout? Before you sign, know what VERA and VSIP actually cost you: a smaller pension for life, no FERS Supplement until your MRA, no COLA until 62, and a VSIP check that shrinks a lot after taxes.
Quick facts: VERA = age 50 with 20 years or any age with 25. VSIP = the lesser of your severance formula or $25,000 (DoD included). Come back to federal work within 5 years and you repay it. To keep FEHB you generally need 5 years of continuous coverage; OPM has waived this for some VERA/VSIP takers, so check with your agency.
If you're a federal employee within 5 years of retirement and want a plan built around your FERS benefits, book a free call to see if we're a fit: https://app.hawsfederaladvisors.com/whatservicemakessense
Educational only, not tax, investment, or legal advice. Haws Federal Advisors | HawsFederalAdvisors.com