Phased retirement is a new human resource management tool that will allow full-time employees to work a part-time schedule and draw retirement benefits during employment. This tool is made possible by section 100121 of Public Law 112-141, the "Moving Ahead for Progress in the 21st Century Act," or "MAP-21" approved on July 6, 2012.
Who Is Eligible to Participate?
Participation is entirely voluntary, and requires the mutual consent of both the employee and employing agency. In order to participate, an individual must have been employed on a full-time basis for the preceding three years. Under CSRS, the individual must be eligible for immediate retirement with at least 30 years of service at age 55, or with 20 years of service at age 60. Under FERS, the individual must be eligible for immediate retirement with at least 30 years of service at MRA (minimum retirement age 55-57 depending upon year of birth), or with 20 years of service at age 60.
When Will the Phased Retirement Program Become Available?
Implementation guidance is forthcoming.
Phased Retirement Fact Sheet
Additional Information and Resources:
Employment as a Phased Retiree Q and A
Phased Retirement Final FR Vol 79 No 153