HEADQUARTERS,  NEW  JERSEY   NATIONAL  GUARD

NEW JERSEY DEPARTMENT OF MILITARY AND VETERANS AFFAIRS

HUMAN RESOURCES OFFICE

3650 SAYLORS POND ROAD

FORT DIX , NEW JERSEY    08640-7600

HRO-TB-S (690-300)                                                                                        26 April, 2007

 

 

MEMORANDUM FOR 108TH ARW TECHNICIANS

 

SUBJECT:  Survey for Voluntary Early Retirement Authority (VERA) with Possible Voluntary Separation Incentive Pay (VSIP)

 

 

  1. The purpose of this survey is to survey the technician force to determine interest in Voluntary Early Retirement as the 108th ARW restructure to meet mission objectives.

 

  1. VERA, when offered, applies to select personnel who must meet minimum age and/or time in service requirements.  To qualify for an early retirement you must meet the following criteria:

 

A.                 Must be employed as a permanent employee within the Department of Defense for at least 30 Days.

 

B.          MINIMUM AGE                                           MINIMUM TIME IN SERVICE

                             50                       WITH                                                 20

                                                       

                                                           OR

 

                  ANY AGE                    WITH                                               25

 

C.           Must be off the rolls not later than 30 September 2007. 

 

  1. If you qualify for an early retirement, you would be entitled to an immediate annuity.  For employees of the Civil Service Retirement System (CSRS), your sick leave may be used to calculate your retirement payment. For employees of the Federal Employee Retirement System (FERS), your sick leave is forfeited at retirement.  Additionally, if you are under age 55 (CSRS employees only), you would have a 2% per year age penalty. 

 

  1. Please complete the attached survey and return it to SRA Cassandra Trott, 108th Remote Designee, not later than close of business Wednesday 2 May 2007. 

 

  1. Please do not call for retirement computations on an early retirement until you receive a specific offer of early retirement.  Once the results of the survey have been reviewed, we will provide additional opportunities for questions and answers. 

 

  1. Questions regarding this memo may be directed to CW3 Michele Thomas @ (609)562-0872.  Any other questions should be directed to SRA Trott so she can compile a frequently asked questions list. 

 

 

 

 

                                                                                                SHAWN P. KEYES

                                                                                                COL , NJARNG

                                                                                                Asst C of  S, J-1


VOLUNTARY EARLY RETIREMENT SURVEY

 

PLEASE PRINT LEGIBILY

 

 

 

 

NAME:  ___________________________________________________________________________________

 

 

DOB  ________________                               YRS OF SERVICE  __________       RETIREMENT SYSTEM  ___________

 

 

Based on the information provided, I am eligible for an early retirement.             YES  _____ NO ______  

If no, stop here and complete the bottom, and return to SRA Trott.

 

 

My current retirement date is  ________________________________________________________________

                                                                If unknown, so state.

 

I am not interested in an early retirement at this time.                                                      ______________

                Please initial and complete the bottom and return to SRA Trott

 

 

 

I would be interested in an early retirement WITHOUT a buyout offer.    YES  _____           NO ______

 

 

 

 

I would be interested in an early retirement ONLY if offered the buyout.                  YES  _____           NO  ______

 

 

 

I require more information regarding early retirement.    YES  _________ NO  _________

                Please initial and provide contact information, and return to SRA Trott

                If yes, please provide specific topics. 

 

 

 

 

SIGNATURE______________________________________________________________________________

 

 

POSITION TITLE  _________________________________________________________________________

 

 

GRADE _____________________________             PHONE NUMBER  _____________________________

                                                                                                                                                If applicable

 

E-MAIL ADDRESS  _______________________________________________________________________

 

Once completed, please return to SRA Trott in the MPF.