Phased Retirement

For John, BLUF:  This is a good way for folks to transition into retirement.  Nothing to see here; just move along.

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This news item, by Reporter Shefali Kapadia, is a week old, but it is still timely and it is a sign that sometimes there is good thinking in DC.  The source is Federal News Radio.

The Office of Personnel Management released the final rule on phased retirement Thursday morning.

The rule comes more than two years after President Barack Obama signed the provision into law on July 6, 2012.

Under the final rule, eligible employees can work part time while drawing on part of their earned retirement benefits. Phased retirees must also spend at least 20 percent of their time mentoring other employees.

Employees must have at least 20 years of service in the federal government to qualify for phased retirement.  The final rule states employees cannot submit applications for phased retirement to OPM until at least 90 days after publication of the rule.

Readers are invited to ask questions of the reporter at this email:  skapadia@federalnewsradio.com (after reading the article, I assume).

Regards  —  Cliff