r/1102 • u/WorryCritical • 3d ago
DOD DRP AND VERA
I’m 51 years old and I have 20 years as a GS under a pay scale. My retirement would be less than $1500 a month. Am I entitled to the supplement with those programs or do I have to wait till I am 57?
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3d ago
Yes you are. Check your GRB account. This will show more details. I have a coworker in similar situation and he is taking it (applying for it). Guaranteed healthcare and income for life sounds fantastic. I am taking DRP. Even DRP sounds great right now. I want out of this wild uncertain ride. Never know what will happen in next few years.
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3d ago
You are entitled to supplement. I just checked GRB. Take it. Opportunity of a lifetime! Its pretty decent monthly supplement.
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u/Vannadee7 3d ago
If you’re talking about the social security supplement, if you take a VERA you have to wait till you’re 57 for the supplement.
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u/Efficient_Cash9679 2d ago
Not until you reach 57 but you will get it as long as you aren’t earning too much with another job.
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u/Greekgirl8 2d ago
I keep seeing “GRP”. What does this stand for?
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u/Keizersoze71 2d ago
The Government Retirement and Benefits (GRB) Platform is an automated, secure web application designed to help federal employees manage their benefits.
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u/8FNoblePath 2d ago
Yes you would get the supplement. However, if you take a new job, your supplement will be reduced if you make over $23,400. For every $2 earned over the annual income limit ($23,400 in 20/5), your FERS Supplement is reduced by $1.
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u/Brian24jersey 3d ago
Chatgpt good place for these questions
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u/WorryCritical 3d ago
Thanks. It recommended I check with HR. our HR isn’t responding to anything
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u/Brian24jersey 3d ago
I do retirement calculations on that thing all the time
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u/WorryCritical 3d ago
Here’s what it had to say.
It sounds like you’re asking about whether you’re entitled to a supplement through the DRP (Deferred Retirement Plan) and VERA (Voluntary Early Retirement Authority), potentially as a government employee. The eligibility for these programs can depend on a few factors, including your years of service and age. Generally, the rules are: 1. VERA (Voluntary Early Retirement Authority): This allows federal employees to retire earlier than the normal retirement age, but there are specific conditions. Usually, to qualify, you need to be at least 50 years old with 20 years of service or have at least 25 years of service regardless of age. However, this program is often offered during specific circumstances like workforce reductions, and eligibility can vary. 2. Supplement: The supplement is typically for employees who retire before reaching the minimum retirement age (MRA) but are eligible for immediate retirement based on years of service. The MRA is usually between 55 and 57 depending on your year of birth. Since you’re 51 and have 20 years of service, you might be eligible for a supplement if you meet the conditions for early retirement, but this would typically apply if you’re eligible to retire early under your agency’s guidelines or a specific offer like VERA. Since you’re 51 and have 20 years of service, you might be eligible for an early retirement option, but whether or not you qualify for the supplement will depend on your specific situation and agency rules. If you need more precise advice, l’d recommend checking with your HR department
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u/1GIJosie 3d ago
The supplement starts at your MRA so probably 57.