The revised closing date, or number of applications, may be applicable to the entire authority, or only to employees in specific organizational units, occupational series or levels, or geographic areas. In such cases, the agency must notify the employees that the conditions of the early retirement offer have changed. After announcing a time period during which employees may retire early, the agency can terminate the offer before the closing date of the announced time period upon receipt of a specified number of applications for early retirement.
In order to terminate the offer early, the agency must notify employees at the time of offer that the agency retains the right to limit early retirement window periods by an established closing date or by receipt of a specified number of applications for retirement. The agency should also advise employees that, subject to changes in the staffing or budgeting situation on which the authority was based, the agency may need to further limit offers after offers are announced. The same option is also available to acquire eligibility to continue health benefits into retirement as described below.
The agency may not retain an employee past the date that the employee first becomes eligible for immediate retirement or for continuation of health benefits into retirement. As a rule, you may only continue your enrollment in the FEHB if you have been enrolled for five years or from your earliest opportunity to enroll before you retire.
However, OPM will grant pre-approved waivers of the five-year rule to employees who have been:. Certain special rules apply to Defense Department employees under which waivers are automatically granted to those continuously covered by FEHB since the prior October 1 and who meet those conditions. However, few waivers on those grounds are granted. Public Law authorized the permanent extension, revision and expansion of authority for the use of voluntary early retirement across the executive and judicial branches of the federal government for the purposes of workforce restructuring.
The goal is to grant agencies the authority to reduce high-grade, managerial, or supervisory positions, correct skill imbalances, or reduce operating costs without position loss, without linking their use to eliminating full time equivalent positions, the use of involuntary separations, or changes to lower grade.
Offers can be targeted on the basis of organizational unit, occupational series or level, geographic location, specific periods, skills, knowledge, or other job related factors, or a combination of these factors, but not performance. A determination of which employees are within the scope of an offer of early retirement would be made only on the basis of consistent and well-documented application of relevant criteria.
An agency plan cannot be implemented without the approval of OPM, which can modify the plan before approving it. The plan must specify the time period during which the authority would be used, as well as the number of employees for which it would be used, although there is not a cap on the number of employees to whom early retirements can be offered.
Before offering early retirements for downsizing, an agency must request and receive authority from OPM the Defense Department is exempt from this requirement.
Early retirements may be requested by the agency and approved by OPM on as broad or narrow a basis as is necessary. Agency headquarters may request voluntary early retirement authority for the entire period of the major reduction-in-force, major reorganization, or major transfer of function, or through a specified date.
Expand Quick Info Section. Social Security and Retirement. Application for Federal Employees Retirement. How can I contact someone? Receive an email when this benefit page is updated:.
Other Benefits People Viewed. Federal Retiree Benefits. Answer these questions to see if you may be eligible for this benefit. Year: Select Year What do I do next? Didn't find what you were looking for? Take our Benefit Finder questionnaire to view a list of benefits you may be eligible to receive.
Start Benefit Finder. Federal Tech Talk. For Your Benefit. Innovation in Government. Modern Government. On DoD Podcasts. Platform for the Mission. Search for Accountability. Security Clearance Insecurity. The Space Hour. Your Turn. More Audio Shows. Federal Insights. Executive Briefings.
Industry Analysis. Federal Report. Sign up for breaking news. Retirement tsunami: This time for sure? Retirement reality check: Will it be a dream or a nightmare? Your call. Sticking with the TSP: To be or not to be? Related Topics. More at tsp. The latest in Government Events powered by:. View More Events. Post Your Event.
0コメント