Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Phased retirement: Is it for you?
Wednesday - 7/10/2013, 2:00am EDT
- Set a date (keeping it to yourself in case a good trip, training
course or promotion, came up), and watch the calendar.
- Leave work as early as possible each day.
- While waiting for D (as in Departure) Day you could plan future trips, how to spend your leisure time and, most important, what sort of gift (maybe something organic?) you would like to leave on the bosses desk. Then leave. Quickly!
Now, it is not so simple. Congress and the administration have approved a bona fide Phased Retirement program that is supposed to be a win-win. A win for you, and for your colleagues and for your mission, should the government approve it.
Like many things Congress does, the idea of phased retirement sounds simple. You plan to retire, and Uncle Sam puts you on a reduced workweek. You prep for a future when every day is Saturday. The colleagues you leave behind will pick up where you left off, benefiting from the wisdom and experience you picked up on the job. Nothing could be simpler, right?
Passing a law and making it work are two very different things: Congress outlawed poverty years ago, but it is still with us. Ever hear the expression "the devil is in the details?"
Phased retirement is a case in point. It is not going to be what a lot of people thought, or hoped, it might be. Could be better. Or not.
After months of studying the situation, the government has finally revealed how phased retirement will (or is supposed) to work. It's a lot more complicated than your telling the boss you want to go to a three-day week and you'll help break in the kids in the office.
As you probably guess, it isn't simple. Or easy. But it is intriguing and has the potential — if handled properly — to benefit a lot of people.
First off, it is not for everyone. Now that the law has been explained you can't just walk in and tell the boss to sign you up. Phased Retirement is like getting a buyout. You can request it, but you can't demand it. It is a government option.
So how do you get into the phased retirement pipeline? Will you get both a federal salary and your retirement annuity while you are both working and retired? If so, how much?
What will phased retirement mean to your vacation time? Sick leave accrual? How about your TSP contributions?
Good questions. The bad news is that I don't know the answers. The good news is that I know somebody who does. He's Bob Braunstein, and he's our guest today on our Your Turn radio program at 10 a.m.
Bob has been tracking phased retirement since it was introduced, and he's studied the new how-to rules to help you see if it works for you, now or in the future.
It could be a very, very good deal for a lot of people. And help Uncle Sam avoid the much-dreaded brain drain that could hurt the government's institutional memory.
NEARLY USELESS FACTOID
Compiled by Jack Moore
The drug Premarin, used to treat menopause symptoms, such as hot flashes, was originally made from the urine of pregnant horses (Pregnant Mare Urine).
(Source: Today I Found Out)
MORE FROM FEDERAL NEWS RADIO
Obama presses for smarter, innovative
In a cabinet meeting Monday, President Barack Obama asked new OMB Director Sylvia Burwell to lead a reinvigorated effort to help agencies find more innovative ways to deliver better results. During a press briefing following the meeting, Obama said he directed agency heads "to develop an aggressive management agenda for my second term that delivers a smarter, more innovative and more accountable government for its citizens."
Furloughs have feds singing the
Furloughs for civilian Defense Department employees officially kicked off this week. That has many employees singing the blues - or in this case singing 1960's folk pop.
OPM encouraging managers to
prepare for post-DOMA benefit changes
Two weeks after the Supreme Court's ruling that struck down part of the Defense of Marriage Act (DOMA), agencies now face the challenge of implementing benefits for the families of employees in same-sex marriages. The Office of Personal Management (OPM) issued a letter July 3 on the administration of these benefits. The letter said all legal, same-sex marriages that predate the decision now will be considered new marriages.