OPM releases long-awaited phased retirement rule

Federal Times: Employees eligible to retire could instead work half-time while receiving half a pension, under phased retirement regulations issued August 7 by the Office of Personnel Management. Retirement-eligible employees will be able to submit applications for phased retirement on Nov. 6, 90 days from the publication of the final regulations.

The long-awaited rules require than an employee work at least full time for the three years before retirement, and have accumulated enough years of service to qualify to retire, according to OPM.

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