FERS retirement VSIP and Social Security question
I couldn't find many VSIP hits using the search. I don't think this one has been asked. I am considering taking the VERA/VSIP (read - early out pension and $25k payment) that is currently being offered to me. VSIP is voluntary separation in pay and it can be collected in a lump, 26 'equal' payments like a paycheck, or in 2 payments that are delayed and delivered at the 6 and 12 month mark. Taxes, SS, and medicare are deducted.
If I accept the VERA/VSIP on Aug 31 and delay the payments, will the $25k show up as earnings in 2015 on my SS statement as if I were working a $25k/yr job?
Thanks,
Chris
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