OPM Forming New Phased Retirement Structure

1 min read

The Office of Personnel Management has released new details about a new program that would let federal employees eligible for retirement switch to part-time work, the Washington Post reports.

According to Eric Yoder‘s report, participating employees would receive a prorated partial salary and annuity, based on the amount of time work.

They will also spend a fifth of their working time mentoring younger employees, the report says.

Employees who have been working with the government for at least three years are eligible for the program.

Upon full retirement, employees will receive full annuity benefits and increases in those payments will reflect their additional working time.

Workers whose occupations are subject to mandatory retirement will be excluded, including many in law enforcement, air traffic control and firefighting.

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