As per OPM, "the final rule does not address every administrative detail of the phased retirement process. OPM will be issuing separate guidance to assist agencies and employees with administrative and procedural matter that do not need to be addressed I this rule. Employees many not enter phased retirement or submit applications for phased retirement to OPM until 90 days after publication of this final rule."
As of this writing, the Federal Register designated that date as November 6, 2014.
According to the website www.opm.gov/retirement (U.S.Office of Personnel Management) “phased retirement is a human resources tool that allows full-time employees to work part-time schedules while beginning to draw retirement benefits. This new tool will allow managers to better provide unique mentoring opportunities for employees while increasing access to the decades of institutional knowledge and experience that retirees can provide.’
If you are a federal employee approaching retirement, (or just want to learn more about the issues of phased retirement) follow any "phased retirement" rulings on the Federal Register website and the website of the Office of Personnel Management for more information.
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