Delegate Authority to Approve Early Retirement

2. Decentralize the authority to approve early retirement.

By October 1993, OPM should forward draft legislation to Congress to
allow OPM to assess an actuarial charge against agencies to cover the
estimated present value of the added cost to the retirement fund of
early retirement, currently estimated at 9 percent of final pay. Once
the new legislation has been enacted, OPM should delegate broad
authority under the relevant section of the current law(3) to permit
departments and agencies to make their own determinations using the
criteria outlined in the law to allow their employees to retire
early.(4)

Endnotes

3. Title 5, United States Code, sec. 8336(d).

4. Title 5, United States Code, sec. 8336(d)(2).