Although the Office of Personnel Management is still issuing rulings regarding the policy regulations of Phased Retirement, applications can be submitted in November all things being equal. Many of the policy guidelines that have already been issued by OPM regarding Phased Retirement do not encompass many of the procedures agencies will be held accountable for.
- Also Read: Stretching Out Your TSP Smartly Starts with This Often Ignored Option
- Also Read: Why More CSRS Employees Are Rethinking Their Withdrawal Plans in Light of Recent Laws
- Also Read: Special Retirement Groups Face New Timelines—Don’t Miss Your Critical Retirement Window
Federal employees only become wards for lack of a better word of the Office of Personnel Management when they retire. We mentioned previously that retirees are not eligible to participate in Phased Retirement because these individuals according to statue will receive half of their salary and half of their annuity. Regular retirees do not receive any of their salary, just an annuity either from their employment as FERS or CSRS employees.
P. S. Always Remember to Share What You Know.
Dianna Tafazoli