Amendment “Easing Workers into Retirement” Approved in Senate
Friday, March 9, 2012(National Federation of Federal Employees)
Thursday, the Senate passed an amendment
to allow federal workers nearing retirement to
move to part-time schedules as their retirement
date nears. The proposal allows employees to
continue their normal jobs (with reduced hours)
in addition to mentoring younger employees as
they prepare to take over upon their
retirement.
Affected
workers would be eligible to receive a partial
annuity as well as credit toward their
retirement working in the new role. This new
policy could provide a great benefit to aging
workers interested in phasing-in their
retirement over a longer period, rather than
dropping out of the workforce abruptly as they
do today.
“We are
very supportive of allowing phased retirement
for workers looking to pass their knowledge to
the next generation,” said NFFE National
President Dougan, “These workers have often
dedicated decades of their lives to public
service, and this measure will allow them to
share that resolve with their
successors.”
The
amendment, introduced by Sen. Max Baucus
(D-MT), is attached to the Senate version of
the multi-billion dollar Surface Transportation
Bill. As you may recall, amendments to the
House version of the Surface Transportation
Bill, H.R. 7, calls for steep cuts to the
pension benefits of federal employees. In both
cases, NFFE is unsupportive of using federal
worker issues as add-on’s or ‘pay-for’s’ for
legislation that has nothing to do with the
federal workforce.
“Although we are supportive of giving
employees the opportunity to retire on their
own terms, we should not be using these savings
to fund projects unrelated to the federal
workforce,” said Dougan, in reference to a
rural development project paid for by the
retirement change. “Federal workers and their
agencies have already suffered massive cuts to
their bottom lines. We shouldn’t be looking to
squeeze even more savings from the federal
workforce who have already given so
much.”
