Phased Retirement Plan
Currently both CSRS and FERS employees may use unused sick leave to add to their years of service, but not towards eligibility for their Phased Retirement plan.
Unused sick leave cannot be used in computing the Phased Retirement annuity. Upon full retirement, however, unused sick leave
- 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
Employees who opt to participate in Phased Retirement plan may return to full-time employment upon agency approval. When returning to full-time employment, the Phased Retirement plan annuity will cease.
When the individual retires, the retirement will be calculated under the current law in effect at the time and the phased period of retirement will be treated as part-time. Individuals returning to full-time employment may not re-enter the Phased Retirement Program.
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