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Phased Retirement is a human resources tool that allows full-time employees to work part-time schedules while beginning to draw retirement benefits. This new tool will allow managers to better provide unique mentoring opportunities for employees while increasing access to the decades of institutional knowledge and experience that retirees can ...
Phased retirement allows active federal employees to "retire" from part of their job responsibilities, while continuing to execute other job functions such as mentoring and knowledge-transfer to employees moving into senior positions.
What is Phased Retirement? Employees participating in phased retirement will be paid for the part-time service they continue to provide the government and will receive additional credit for that service toward their full retirement.
To understand the concept of Phased Retirement, consider two half-time employees who fill one full-time job. Employee one retires while employee two continues working. Employee one receives an annuity based on half-time employment, and employee two continues to work half-time for half-pay.
What is Phased Retirement? Answer. Employees participating in phased retirement will be paid for the part-time service they continue to provide the government and will receive additional credit for that service toward their full retirement.
Phased retirement allows certain employees who already meet specific age and service requirements to elect to transition into retirement by continuing to work on a part-time basis and receiving a portion of their annuity for the time they are
Phased Retirement – In Phased Retirement status the retiring employee works on a part-time basis for a limited period. During that time, the employee’s pay is split between employee pay and annuity payments.
Phased Retirement is a human resources tool that allows full-time employees to work part-time schedules while beginning to draw retirement benefits. Keywords Phased Retirement; OPM; retirement; human resources; Eligibility;
Phased Retirement will in essence permit an individual to retire from part of their employment, while continuing the remainder and continuing to earn additional retirement benefits proportionately based upon the additional less-than-full-time employment.
When the Phased Retiree fully retires, there will be a computation of the annuity that would be payable if the employee had been employed full time and then divided by two prior to adjustment for survivor benefits.