Agencies slow to adopt phased retirement
- By FederalSoup Staff
- Sep 22, 2015
Very few agencies have taken advantage of a three-year-old law that permits senior federal employees to continue working part-time instead of taking the full retirement option when eligible, the Baltimore Sun reports.
In fact, so far only four federal agencies have filed phased retirement requests: the Department of Education, the Library of Congress, the Board of Broadcast Governors, and NASA, the article notes.
Congress passed the phased retirement law in June 2012, hoping to entice more of its most experienced employees to stick around a while and mentor younger employees.
According to the article, one major factor in the slow start is that the Office of Personnel Management took nearly three years to finalize rules for agencies, issuing them only this past March.