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Originally posted on GovExec.com
After more than two years in federal regulation limbo, the law allowing federal employees to partially retire while continuing to work part-time for the government is finally being implemented.
Eligible federal employees can submit their applications for phased retirement beginning Nov. 6. The Office of Personnel Management on Thursday filed the 129-page final rule on the new program for publication in the Federal Register on Friday. The so-called phased retirement provision, included in the 2012 transportation reauthorization act, allows eligible feds to work 20 hours per week, receiving half their pay as well as half their retirement annuity. Those employees who enter phased retirement must devote at least 20 percent of their work time, or about 8 hours a pay period, to mentoring other employees, ideally for those who take over for them when they fully retire.