Phased Retirement
Just wondering if anyone has looked at the new phased retirement? How long does a bill like this take to go in effect? I do have a question assuming my agency were to approve the part time, on how my pay would be determined.
I am maxed out on pay and have been for three years. Because of that I lose approx. 15,000 a year in locality pay. My locality pay is based on 24.8 percent. By shifting to part time and no longer being maxed out would I then receive the full portion of my locality pay. I would think I would so my average pay per hour would increase, and I would be working less hours under a phased retirement which kind of makes it a no brainer. I would get approx. a 6 to 7 dollar increase per hour.
Of course they could still determine that I am maxed out and base my hourly wage on that. I hope not.
Each indecision brings its own delays and days are lost lamenting over lost days... What you can do or think you can do, begin it. For boldness has magic, power, and genius in it.
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