VER effective date change, you can elect to change the original effective date from March 31, 2009 to December 31, 2008, or January 31, 2009 or February 28, 2009.
December 9, 2008
The following message is for all EAS eligible employees who received a VER Offer Letter dated November 28, 2008. To take advantage of this early retirement you will need to complete and return the following documents which are located in your November 28, 2008 mailing: “Acknowledgement of Irrevocability of Voluntary Early Retirement Decision Statement” and “Application for Immediate Retirement.” The original documents must be mailed as soon as possible prior to the effective date directly to Human Resources Shared Service Center (HRSSC), P. O. Box 970600, Greensboro, NC 27497-0600 in the envelope that was provided.
If you are interested in taking the VER, you can elect to change the original effective date from March 31, 2009 to December 31, 2008, or January 31, 2009 or February 28, 2009 provided you meet the established requirements by the new effective date. Remember the requirements are as follows: 50 years of age with at least 20 years of service, or any age with at least 25 years of service. This requirement must be met as of the date of retirement.
It is important to understand the impact on your Pay for Performance (PFP). You will be eligible to receive the entire PFP payment in the form of a lump sum payment, if you separate before the effective date of PFP payment which is January 17, 2009.
(REFERENCE THE NOVEMBER 28, 2008 MAILING FOR ADDITIONAL VER INFORMATION)