Employees can use LPR for a variety of purposes, such as:
- Planning their retirement
- Moving to a new location
- Taking care of personal or family matters
- Pursuing educational opportunities
- Volunteering or working part-time
To be eligible for LPR, employees must have at least 25 years of service and be within five years of their minimum retirement age. Employees who are eligible for LPR can request it by submitting a Standard Form 2801 to their agency's human resources department.
LPR is a valuable benefit that can help federal employees make a smooth transition to retirement. By taking advantage of LPR, employees can ensure that they have the time and resources they need to prepare for their new chapter in life.