Get Tp4 Retirement Form - Phased Retirement Only

Phased retirement allows active federal employees to "retire" from part of their job responsibilities, while continuing to execute other job functions such as mentoring and knowledge-transfer to employees moving into senior positions.

"The term phased retirement often refers to a broad range of flexible retirement arrangements, both informal practices, and formal workplace policies, which allow employees are approaching normal retirement age to reduce the hours worked or work for their employers in a different capacity after retirement."

Phased Retirement is a human resources tool that allows full-time employees to work part-time schedules while beginning to draw retirement benefits.

So, what is a phased retirement? Also known as a partial retirement, a phased retirement consists of a gradual exit from the workforce, rather than the standard final day departure. That could mean working part time, taking on seasonal work or even starting up your own business.

Phased retirement allows active federal employees to "retire" from part of their job responsibilities, while continuing to execute other job functions such as mentoring and knowledge-transfer to employees moving into senior positions.

How long does it usually last? Phased retirement may be open-ended or subject to a time limit agreed to between the agency and the employee. The employee may also request to return to regular employment or apply for full retirement.

Also known as a partial retirement, a phased retirement consists of a gradual exit from the workforce, rather than the standard final-day departure. That could mean: Working part time. Taking on seasonal work.

Phased retirement has some potential drawbacks. Phased retirement could impact pension payouts. Rules vary from employer to employer. If your pension amount is based on your earnings, for example, then reducing your hours might also reduce your benefit. Not every retiree can opt for phased retirement.