[Reduction in Force] Part 9: What if I Don’t Qualify for an “Early Out (VERA)” or “Discontinued Service Retirement (DSR)”?

ProFeds Founder, Chris Kowalik, explores what happens when an employee is facing a RIF, but doesn’t qualify for an early out or a discontinued service retirement.

 

KEY TAKEAWAYS:

  • Requirements to qualify for an Early Out
  • Requirements to qualify for a Discontinued Service Retirement
  • What an employee may be eligible to receive (such as a cash incentive or severance pay)
  • How an employee may qualify for a federal pension later

 

Additional resources:

Link to full RIF training series: FedImpact.com/RIF-training-series 

OPM’s severance pay worksheet: https://www.opm.gov/policy-data-oversight/pay-leave/pay-administration/fact-sheets/severance-pay-estimation-worksheet/ 

OPM’s VSIP eligibility: https://www.opm.gov/policy-data-oversight/workforce-restructuring/voluntary-separation-incentive-payments/

Local workshop locations and dates: FedImpact.com/attend 

To be introduced to a local financial professional: FedImpact.com/request-to-meet

Om Podcasten

Federal retirement expert, Chris Kowalik, empowers federal employees to make confident decisions as they plan for the days when they no longer have to work. Chris' candid and straightforward nature allows employees to get the answers they need, and to understand the impact these decisions have on their retirement.