Here's the letter for those interested. Note its a scan-to-text so there could be errors. Also note I removed names and phone numbers.
24 Feb 17
From: Commander, Military Sealift Command
Subj: APPLICATION FOR VOLUNTARY SEPARATION INCENTNE PAY (VSIP) AND VOLUNTARY EARLY RETIREMENT AUTHORITY (VERA)
(1) Benefits Information for Employees Applying for a Voluntary Early Retirement and/or Voluntary Separation Incentive Pay (CBC 12830-19)
(2) Eligibility Criteria for Civilian Voluntary Separation Incentive Pay Program
(3) Eligibility Criteria for Voluntary Early Retirement Authority
(4) VSIP Frequently Asked Questions
(5) Request for Retirement Annuity Computation When an Activity Has Authority to Offer Voluntary Early Retirement VERA (CBC 12830-17)
(6) Request for Personnel Action, Standard Form 52
(7) Voluntary Separation Incentive Pay Agreement, Lump Sum Payment (DD Form 2903-1)
(8) Voluntary Separation Incentive Pay Agreement, Bi-weekly Installment Payment (DD Form 2903-2)
(9) Voluntary Separation Incentive Pay Agreement, 6 Month Installment Payment (DD Form 2903-3)
(10) Calculation of VSIP Amount
The Commander, Military Sealift Command, has received authority to offer a limited number of civilian Voluntary Separation Incentive Payn1ents (VSIP) in FY-17 in order to conduct workforce reshaping. You have been identified to receive the opportunity to apply for this offer.
VSIP may be offered to an employee electing optional retirement, early retirement or resignation. If you wish to apply for a VSIP, please read the enclosed information carefully and observe all deadlines provided. Enclosure (1) provides general information on retirement eligibility requirements and employee benefits. The criteria and circumstances under which employees are eligible for VSIP under this authority are provided in enclosure (2). The criteria and circumstances under which employees are eligible for Voluntary Early Retirement Authority (VERA) under this authority are provided in enclosure (3). VSIP Frequently Asked Questions received from the DON Civilian Benefits Center are provided in enclosure (4).
Applications for VSIP will be accepted from 3 March 2017 through 17 April 2017. Employees approved to receive a VSIP must separate from Federal employment no later than 31 May 2017. If you wish to be provided an estimate of your retirement annuity, regardless of whether you are optional or early eligible, complete enclosure (5) and fax it to Xxxxxxxx at the DON Civilian Benefits Center no later than close of business on 10 2017. The fax number is (xxx) xxx-xxxx. Please note that if you received an annuity computation within the last 12 months with a projected retirement date through 31 December 2017, you may not submit another request. Requests for computations received after 10 March 2017 may not be accepted in conjunction with this opportunity to apply for the VSIP.
If you decide to apply for a VSIP, you must complete and sign enclosure (6), along with either enclosure (7), (8) or (9) as applicable, and return them to Xxxxxxxx at the MSC Human Resources Office no later than 4:00 PM on 17 April 2017. You may email or fax the documents.
Xxxxxxxx’s email address is Xxxxxxxx@navy.mil, and her fax number is (xxx) xxx-xxxx. Please note that applicants will be emailed a confirmation of receipt of their VSIP application. If confirmation is not received within 48 hours of emailing or faxing the application to Xxxxxxxx, please email her at Xxxxxxxx@navy.mil. Applicants will be notified in writing of their approval for a VSIP. Employees must evaluate all factors when considering whether or not to submit their application. Employees who submit their application and are approved for the VSIP will acknowledge that this is a voluntary separation and the decision to separate with a VSIP cannot be revoked. If you are not approved to receive a VSIP, you will not be obligated to resign or retire and your SF-52 will be returned to you.
If approved, the amount of the incentive payment will be the lesser of $40,000 or an amount equal to what you would be entitled to receive under the severance pay formula (less FICA/Medicare taxes and Federal and state income taxes as applicable). An example of VSIP calculation is provided in enclosure (10). The VSIP amount is computed as follows:
a. One week of pay at the rate of basic pay for the position held by the employee at the time of separation for each full year of creditable service through 10 years;
b. Two weeks of pay at the rate of basic pay for the position held by the employee at the time of separation for each full year of creditable service beyond 10 years; and
c. Twenty-five percent of the otherwise applicable amount for each full 3 months of creditable service beyond the final full year.
d. Any severance pay you may have previously received must be deducted from the total severance pay calculation. You may obtain an estimate of your VSIP amount through Total Workforce Management Services (TWMS) (https://twms.navy.mil). Log into TWMS and select Benefits/Leave Info on the left side of the screen. The next screen will include your VSIP entitlement. You may elect to receive your VSIP in one of the following three ways:
(1) Lump Sum (complete enclosure (7)).
(2) Bi-weekly installment payments consisting of equal amounts at a rate you select and may not extend beyond one year from the date of separation (complete enclosure (8)).
(3) One-half of your VSIP six months following your separation and the remaining half six months later (complete enclosure (9)).
- Please note the following:
a. A Department of Defense (DoD) employee who receives a VSIP may not be reemployed by DoD (including Non-appropriated Fund (NAF) or employment through a personal services contract) for a 12 month period beginning on the effective date of the employee's separation. The Secretary of Defense or designee may approve exceptions on a case-by-case basis.
b. If you are paid a VSIP and accept reemployment with the Federal government (including Non-appropriated Fund activities or with an agency of the United States through a personal services contract) within five years after the date of separation, you must repay the entire amount of the VSIP to DOD. Repayment can be waived only if you are the only qualified applicant available for the position being filled.
Should unforeseen substantial events cause you to request to be relieved from this irrevocable commitment, you should understand that the agency exercises sole discretion over whether to unilaterally release you from this binding commitment.
Please be assured that you are under no obligation or pressure to resign or retire. If you have any questions, please email Xxxxxxxx at Xxxxxxxx @navy.mil.
Director, Total Force Management