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: Best FERS Retirement Planner: Comparing Planning Tools and Key Strategies
- Also Read: How Do Deposit and Redeposit Service Buybacks Work for Federal Employees?
- Also Read: Top FERS Benefits Expert: Pros & Cons of Comparing Federal Retirement Plans
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.
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