Phased retirement to be worth more to some than others

The Washington Post: The value of phased retirement will vary according to a federal employee’s retirement system, with those in the older of the two main programs benefitting more, all other things being equal.

The difference was illustrated in recent Office of Personnel Management guidance on the hybrid arrangement in which federal workers will be allowed to switch to half-time employment and receive both a proportionate salary and half of their annuity.

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