H.R. 4363, Federal Employee Phased Retirement Act

Cost Estimate

As ordered reported by the House Committee on Oversight and Government Reform on April 18, 2012

H.R. 4363 would allow eligible federal employees to enter into a phased retirement, during which they continue to work part time while drawing a partial salary and a partial civil service retirement annuity. The bill also would allow participating employees to contribute to their Thrift Savings Plan (TSP) accounts any payment received at retirement for accumulated and accrued annual leave.