The President signed Public Law 112-141, the "Moving Ahead for Progress in the 21st Century Act," on July 6, 2012 which includes authorization for Phased Retirement.
The main purpose of Phased Retirements is to enhance the mentoring and training of employees who will fill the positions of more experienced employees who are preparing for full retirement. It is intended to encourage experienced employees to remain, in at least a part-time capacity, until less experienced employees are fully equipped to fulfill the same duties and responsibilities as those employees who wish to retire.
Phased Retirement will in essence permit an individual to retire from part of their employment, while continuing the remainder and continuing to earn additional retirement benefits proportionately based upon the additional less-than-full-time employment.
On June 5, 2013, the Office of Personnel Management (OPM) issued proposed regulations to implement phased retirement. After the 60 day comment period, OPM will review all comments and issue the final regulations.
Once final regulations are issued, DoD will determine if there is a need for additional guidance. After the DoD guidance is received, procedures to implement Phased Retirement within DON will be developed.
As additional information becomes available it will be posted on this page.