NWSEO’s work helps usher in new Phased Retirement Plan
(April 29, 2016) NWSEO’s participation on the Department of Commerce Labor Management Forum, has created a policy that led to an agreement with NWS on the new Phased Retirement Implementation Plan. Employees in phased retirement status continue to work, but as a part-time employee, receiving half of their full-time annual salary, and approximately half of their annuity for the purpose of facilitating knowledge transfer (e.g., training, mentoring, advising, documenting, etc.) to ensure seamless continuity of agency operations.
This is one more example of labor and management working together at the DOC level to the benefit of NWS employees. Additional NWSEO work on the DOC Labor Management Forum includes Domestic Violence Policy, Telework Policy, and Workplace Violence Policy.
To be eligible to elect phased retirement, an employee must have been working a full-time work schedule for the 3-year period immediately before the effective date of a phased retirement election and must qualify for retirement under either the Civil Service Retirement System (CSRS), or the Federal Employees Retirement System (FERS).
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