"...Allowing federal employees to phase into retirement by working part-time while collecting a partial annuity would reduce the government’s costs and increase its income, according to an analysis that could boost the plan’s prospects.
The Congressional Budget Office estimated that the plan would reduce spending by $427 million over 10 years because the government would be paying less than the full annuities that the employees have accumulated. Meanwhile, because phased retirees would continue to pay into the federal retirement fund from their salaries, revenues would rise by $24 million over that time, CBO said.
Under the proposal, an agency could offer phased retirement to employees once they hit retirement eligibility..."
The Congressional Budget Office estimated that the plan would reduce spending by $427 million over 10 years because the government would be paying less than the full annuities that the employees have accumulated. Meanwhile, because phased retirees would continue to pay into the federal retirement fund from their salaries, revenues would rise by $24 million over that time, CBO said.
Under the proposal, an agency could offer phased retirement to employees once they hit retirement eligibility..."
