"...The government’s central personnel agency has said that allowing federal employees to phase into retirement is one of its important goals and it will make the option available “as soon as possible.”
However, participation will be “entirely voluntary” for both employees and their employing agencies, and certain categories of workers will be excluded, the Office of Personnel Management added in a fact sheet it recently sent to agencies.
Under phased retirement, an agency will be able to offer employees who are retirement-eligible the choice of switching to part-time work. They would draw a partial salary and a partial annuity, both prorated according to the time worked..."
