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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 provide.
This is yet another forward thinking policy that allows the Administration to continue its efforts to deliver a Government that is effective, efficient, and supportive of economic growth.
The final regulations are available on the Federal Register website and will take effect 90 days from August 8, 2014. This means that agencies can send their Phased Retirement applications to OPM for processing as early as November 6, 2014.
Guidance and other material about Phased Retirement will be posted here as it becomes available.
Benefits Officers Training and Development (BOTD) has prepared the following webcasts related to phased retirement:
Entering Phased Retirement
Agency Planning for Phased Retirement Handout
Phased Retirement An Employee Perspective
Counseling Employees in Phased Retirement
The following pamphlets give information and instructions about applying for phased retirement:
The following Standard Forms give instructions and provide the forms necessary to apply for phased retirement:
Employees should contact their agency human resources office for further information about implementation of phased retirement within their agency. Agency field offices should contact their appropriate headquarters-level agency human resources office. Agency headquarters-level human resources offices may contact the following OPM offices. Requests from individual employees will be returned or forwarded to the appropriate agency human resources office. For general information on phased retirement, please visit the website.