Phased Retirement (Us Office of Personnel Management Regulation) (Opm) (2018 Edition)

Download or read book Phased Retirement (Us Office of Personnel Management Regulation) (Opm) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-11-26 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Phased Retirement (US Office of Personnel Management Regulation) (OPM) (2018 Edition) The Law Library presents the complete text of the Phased Retirement (US Office of Personnel Management Regulation) (OPM) (2018 Edition). Updated as of May 29, 2018 The Office of Personnel Management (OPM) is adopting its proposed phased retirement regulations with four minor changes. Phased retirement is a human resources tool that will allow full-time employees to work a part-time schedule and draw partial retirement benefits during employment. The "Moving Ahead for Progress in the 21st Century Act," or "MAP-21," requires OPM to publish regulations implementing phased retirement under the Civil Service Retirement System (CSRS) and the Federal Employees' Retirement System (FERS). The final rule informs agencies and employees about who may elect phased retirement, what benefits are provided during phased retirement, how OPM intends to compute the annuity payable during and after phased retirement, and how employees may fully retire after a period of phased retirement. 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 matters that do not need to be addressed in this rule. Employees may not enter phased retirement or submit applications for phased retirement to OPM until 90 days after publication of this final rule. This book contains: - The complete text of the Phased Retirement (US Office of Personnel Management Regulation) (OPM) (2018 Edition) - A table of contents with the page number of each section