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.

Check Also

AI

DOE Awards Funding to AI R&D Projects

The Department of Energy (DoE) has earmarked $8.5 million in funds to support five three-year projects that seek to enable reusability and accessibility of artificial intelligence data and models. The selected projects will cover the areas of materials science, high-energy physics, microbial science and high-performance computing. 

Leave a Reply

Your email address will not be published. Required fields are marked *