Who can Participate in Phased Retirement?
Phased retirement is a voluntary program where both employee and employer must mutually agree to be a part of the program.  There are some conditions that exist both for CSRS and FERS employees. Each group must have had full-time work status for three years prior to participation.
CSRS employees must be eligible for an immediate retirement
- Also Read: Early Retirement for Federal Employees: The Must-Do List Before You Hand In That Notice
- Also Read: What Does the Federal Retirement Process Look Like?
- Also Read: Basics of Civil Service Retirement System (CSRS): You Should Know These
Under FERS similar conditions must exist. The individual must be eligible for an immediate annuity with 30 years of creditable service and a MRA of 55-57 based on the year of birth or 20 years of creditable service and 60 years of age.
As with any program or service impacting your retirement future, it is very important to clearly understand all provisions, rules and regulations. Further it is your responsibility to analyze each situation to see if it is a good fit for you and your family.
P. S. Always Remember to Share What You Know.
RELATED ARTICLES
