Does following news about the federal establishment make you depressed. Does talk about extended pay freezes and reduced retirement benefits make you nervous in the civil service? So what’s preventing you from chucking it all and retiring? Do you love your job regardless or worry that you’d have nothing to do in retirement? There may be another way out, Senior Correspondent Mike Causey says.
Hosts Bob Leins and Tammy Flanagan discuss a range of topics, including the soon-to-be available option of phasing in your retirement.
On the In Depth show blog, you can listen to the interviews, find more information about the guests on the show each day and links to additional resources.
The Office of Personnel Management released a factsheet to federal agencies in July explaining what phased retirement is and how it will work.
What do you see when you look in the mirror? Is it a dedicated IRS auditor, a serious federal agent or a compassionate VA employee? Or, do you have a Charles Dickens moment and spot the ghost of Christmas Future – you after you have retired? While feds have mostly held on to their jobs, things could change quickly, Senior Correspondent Mike Causey says.
Director John Berry said the agency’s Innovation Lab is helping to take a different, more rapid approach to developing the proposed rule to implement the new program. Rep. Gerry Connolly (D-Va.) also is suggesting the creation of a “leave bank” for workers who leave federal service but plan to return. Berry said that’s an innovative idea OPM may look at.
Defense analyst Jim McAleese reviews the Defense Authorization Bill agreed on by both the Senate and the House yesterday. OPM Director John Berry says proposed rules to implement phased retirement are on the fast track. Rep. John Sarbanes (D-Md.) discusses changes that will make it easier for feds to telework. Rep. Gerry Connolly (D-Va.) talks about benefits that will help retain federal employees. Vivian Reifberg of McKinsey & Co. talks about why the current administrative transition is so important. Alex Bolton of The Hill discusses the fiscal cliff negotiations.
It’s been nearly a year since Congress set up the program to allow employees to take phased retirement, working three or four days a week to help mentor their successors and get used to retirement. And although it’s been fast-tracked, it still hasn’t happened, Senior Correspondent Mike Causey says. So, what’s up?
Federal employees who choose to retire part-time and return to federal service under a new phased-retirement option will have to spend at least 20 percent of their time on mentoring activities, according to proposed rules from the Office of Personnel Management, which were released today in the Federal Register
The good news is that phased retirement is here at last. OPM has issued the draft regulations that will permit some people to transition into retirement. The not-so-good-news is that phased retirement isn’t for everybody, Senior Correspondent Mike Causey says. You may want it, but does it want you?