• vera allows some employees to retire and receive an immediate annuity (pension) and carry their fehb participation into retirement, who would otherwise not be eligible to retire. References (1) and (2) provide background on the department of defense (dod) deferred resignation program (drp) and voluntary early retirement authority (vera) offer Dod components will approve employees who meet the vera eligibility requirements for voluntary early retirement. 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. Supplemental to its essential function of assisting congress in making funding decisions for the veterans health administration (vha), veterans equitable resource allocation (vera) allocates approximately $110 billion in medical care funding to 18 veterans integrated services networks (visns). State the reason(s) why the authority is needed
(describe the situation that will result in an excess of personnel because of substantial delayering, reorganization, reduction in force, transfer of function, or other workforce restructuring or reshaping.) briefly explain in 250 words or less. This population of employees will be processed as voluntary early retirement (ver) Updated ver annuity estimates are being mailed to employee’s home addresses In addition, they will be mailed the appropriate “acknowledgement of irrevocability” form.
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