When it becomes fully operational, the phased retirement program will allow pre-approved employees to reduce their work schedule to part-time, while simultaneously paying them a partial annuity. Will this be a net gain for employees?
The National Active and Retired Federal Employees Association (NARFE) recently sent a letter to OPM with some concerns about the proposed phased retirement option for federal employees.
Phased retirement is a new human resources program now being unveiled as the federal government tries to capture corporate knowledge of employees retiring to pass along to those coming in to replacement them. Here is a quick summary of the new program.
As you get closer to the time when federal employees start thinking about retirement, there can often be apprehension about whether or not you are ready. This article will attempt to give you a clear understanding of the financial impacts of your decisions, so you can be informed and comfortable with what you decide.
The author says that the proposed phased retirement plan sounds good on the surface, but offers a few of his reservations about it.
The author provides a follow up to his previous article about the proposed phased retirement; this time, he looks at its estimated savings in the federal budget.
The author compares pension options for federal employees late in their careers who would like to work fewer hours to the phased retirement bill that was recently passed by the Senate.