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: CSRS Annuity Calculation: Pros & Cons of Estimating Retirement Income Factors
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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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