It's worth noting that each organization enacting Voluntary Retirement Scheme (VRS) develops unique policies and regulations regarding its parameters - including the all-important max limit. Mostly, this varies on either how long one has been employed or their current age. For instance, businesses using demographic limitations commonly restrict eligibility once you reach age 58. Alternately, others use tenure: every year with a company counts towards an ultimate total beyond which you aren't eligible even if younger than said cut-off date - typically between 25-30 years completed service time-wise.