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OPM Unveils New Regulations for Phased Retirements

Office of Personnel Management logoThe Office of Personnel Management has started implementing guidelines for a phased retirement option, where eligible federal employees work 20 hours per week and receive pension benefits, GovExec reported Tuesday.

Eric Katz writes the agency will determine the eligibility, payment and benefits related to the retirement option passed into law in 2012.

OPM was set to publish the guidelines in the Federal Register Wednesday, according to the report.

Employees who have served in the federal government for the last three years are eligible and will earn half of regulary pay and half of retirement annuity, according to the report.

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