FEDIMPACT FACT SHEETS
Each Fact Sheet serves as an easy-to-read resource designed to simplify various federal benefits topics. By removing the ambiguity and answering very common questions on each topic, federal employees can better navigate important decisions and understand the consequences of each program.
Voluntary Early Retirement Authority (VERA)
The Voluntary Early Retirement Authority (VERA)—also known as an “Early Out”—allows agencies that are undergoing substantial workforce changes to temporarily lower the age and service requirements to allow more employees to voluntarily retire.
Voluntary Separation Incentive Payments (VSIP)
The Voluntary Separation Incentive Payment (VSIP) is one of the downsizing tools that agencies can use when needing to shrink its workforce. It allows agencies to pay cash to encourage an employee to leave federal service.
Discontinued Service Retirement (DSR)
The Discontinued Service Retirement (DSR) is one of the downsizing tools agencies can use to shrink the workforce. It allows agencies to involuntarily retire an employee who meets certain age and service requirements.
Severance Pay
The payment of a severance package is one of the downsizing tools that agencies can use when needing to shrink its workforce. It allows agencies to involuntarily remove an employee (for reasons other than misconduct or performance) who does not otherwise qualify for an immediate pension.
