Sep 12, 2012

Few Retirees Take Advantage of Dual Compensation

"...Few federal agencies are taking advantage of a new retention tool that allows partially retired federal workers to receive their full monthly pension check and earn a federal salary at the same time, according to a new Government Accountability Office report released this week.

The National Defense Authorization Act of 2010 allows federal agencies to re-hire retired workers and pay them a full salary while the worker continues collecting his or her full retirement benefit, known as a dual compensation waiver. Typically re-hired retirees collect just a portion of their pension check based on how much they work. But the law grants temporary dual compensation waivers if the retiree is helping to fulfill mission "critical" functions, to assist in procurement or to mentor and train other employees, among other purposes..."

Read more at FederalNewsRadio.com

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