If an employee takes VERA can they then go to work for NAF without a reduction of their salary or retirement annuity?
• Yes, an employee may work for NAF without a reduction of their salary or their retirement check. However, there are employment restrictions if the employee received Voluntary Separation Incentive Pay (VSIP). An employee must repay the entire VSIP (to include any withholdings), if they return to the Federal Government as an employee, or under a personal services contract, within (5) years of separation, unless a waiver is granted. In addition DoD employees are not allowed by DoD policy to return to DoD for (1) year after separation even if they repay their incentive, unless a waiver is granted.
Related Questions
- If an employee’s salary increases or decreases during the temporary salary reduction period, will that increase or decrease the percentage of salary reduction the employee is required to take?
- If an employee takes VERA can they then go to work for NAF without a reduction of their salary or retirement annuity?
- Does state service credit have any impact on the computation of an employee’s retirement annuity?
