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Phased Retirement

Phased Retirement: How You Can Participate

In 2014, OPM created an opportunity for full-time federal employees to work a part-time schedule while receiving federal retirement benefits known as Phased Retirement. This allows managers and administrative staff to lighten their heavy work load, all the while training others to one day take their place.

Phased Retirement Eligibility

  • Must be eligible for immediate federal retirement.
  • For CSRS employees, one must have at least 30 years of service and at least age 55, or 20 years of service at age 60.
  • For FERS employees, one must have at least 30 years of service and at minimum retirement age or 20 years of service at age 60.
  • Must have been full time for the past 3 years.
  • Cannot be a Special Provisions employee (LEO, ATC, FF).
  • Has to be voluntary and approved by both the federal employee and the federal agency.

  • VERA-VSIP

    Would VERA-VSIP Work for You?

    VERA-VSIP Description
    VERA-VSIPVoluntary Early Retirement Authority (VERA) is a program designed to help restructure or reduce the civilian workforce, create vacancies for employees subject to involuntary separation by reduction in force (RIF), and avoid the need for involuntary separations during RIF. The program must be approved by OPM before an agency can offer VERA. In other words, this provides approved agencies with flexibility and provides federal employees the opportunity to receive an immediate annuity before they would normally be eligible.


    Roth TSP & Roth IRA In Action

    Understanding Roth TSP & Roth IRA In Action

    Federal employees typically have two types of Roth accounts available: Roth TSP & Roth IRA. It is important to understand how each works and how you may be able to maximize your own savings using either Roth TSP or Roth IRA elements. We will continue looking at hypothetical examples of federal employees and retirees.


    Understanding Roth TSP and Roth IRA In Action

    Understanding Roth TSPFederal employees typically have two types of Roth accounts available: Roth TSP and Roth IRA. Understanding Roth TSP and Roth IRA, how each works and how you may be able to maximize your own savings using these different elements is important as your plan your federal retirement.

    A Roth is a tax “wrapper” (or “bucket”) to hold different investments of your choosing. When might you use this option? We will look at several hypothetical examples of federal employees and retirees.


    Understanding Roth TSP

    Understanding Roth TSP - Retirement Benefits InstituteUnderstanding Roth TSP and what this federal retirement savings plan offers is a great opportunity for federal employees. Employees have the option to direct any portion of their TSP contributions to the Roth TSP; however, you may not transfer current TSP funds into the Roth TSP.

    A Roth, like traditional TSP, is not itself an investment, but rather a tax “wrapper” (or “bucket”) to hold different investments of your choosing.


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