Washington, D.C. 20530 July 2, 2004 MEMORANDUM FOR JUSTICE MANAGEMENT DIVISION DIRECTORS1 Director, Human Resources SUBJECT: Voluntary Early Retirement Authority (VERA) The Office of Personnel Management (OPM) has approved the Department's request for a VERA for the Justice Management Division (JMD) including the Working Capital Fund. A copy of the Assistant Attorney General for Administration’s (AAG/A) letter to JMD employees is attached. Please distribute it to your employees. VERA covers all JMD employees with the following exceptions:
To be eligible for VERA, an employee must meet conditions 1 and 2, and either condition 3 or condition 4:
An employee under age 55 and covered by the Civil Service Retirement System will incur a penalty in the calculation of the annuity. For the JMD, the early retirement window period has been established as July 6, 2004, through July 30, 2004. Employees must declare their intention during this time period and separate no later than September 30, 2004. VERAs will be accepted on a first-come, first-served basis. All requests for retirement estimates, and all retirement applications should be forwarded to Mary Lou Soffer in the Employee and Labor Relations Section of the Personnel Staff. Management may subsequently establish and publicize new or revised opening and/or closing dates, or a revised number of applications, when a change in management’s need to offer voluntary early retirement has occurred. In addition, subject to changes in the staffing or budgeting situation on which the authority was based, JMD may need to further limit offers after offers are announced. Those retiring with a VERA must have been covered under the Federal Employees Health Benefits (FEHB) and Federal Employees’ Group Life Insurance (FEGLI) programs (1) for the last five years of their service in order to continue such coverage in retirement, or (2) if less than five years, for all service since the employee was eligible for these benefits. However, for FEHB only, OPM will grant pre-approved waivers to individuals who meet the following criteria:
An employee's decision to separate under a VERA is entirely voluntary. I want to assure you that this important decision is yours alone and that no employee will be coerced in making this decision. If you meet these criteria and are interested in exploring further the possibility of voluntary early retirement, please contact Mrs. Mary Lou Soffer, your servicing retirement counselor, at (202) 616-3480. 1This memorandum applies to employees in the Justice Management Division including employees in Working Capital Fund positions. |
Page created: July 6, 2004
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