OPM to Review Early Retirement

By

August 21, 1996

August 21, 1996

THE DAILY FED

OPM to Review Early Retirement

For agencies with severe downsizing or major restructuring plans in Fiscal Year 1997, the Office of Personnel Management may have alleviated headaches for some employees facing displacement. OPM announced yesterday that it is now considering voluntary early retirement requests from agencies with such plans.

"The early retirement authority is an important management tool we can give agencies who are facing budget reduction, reductions in force, reorganizations, transfers of functions and shifts in staffing needs," said Jim King, director of OPM in a press release. "The authority has been helpful in avoiding the disruptive, inhumane and demoralizing reductions-in-force or demotions agencies face when they must downsize or restructure their workforce."

Agencies may request early retirement authority for an entire fiscal year, and may determine coverage by organizational components, job series, grade level, or other basis.

Agencies who receive the authorization from OPM, early retirements may be offered to employees who:


By

August 21, 1996

http://www.govexec.com/federal-news/1996/08/opm-to-review-early-retirement/860/