Retiring Employees Flooding The Exits At Federal Agencies... -
A wave of retirements by senior federal employees has begun rolling across the government as aging baby boomers who held on to their jobs during the economic downturn are increasingly calling it quits.
With retirement accounts on the rebound, many veteran workers are finding little reason to remain in government, especially at a time when agency budgets are being slashed, workers are being furloughed and morale is tumbling.
The number of executive branch employees retiring this fiscal year, which ends next month, is on track to be nearly twice the total who retired in 2009, according to government figures. And the rate looks certain to accelerate. In 2000, about 94,000 people age 60 and older worked for the government. Last year, the number was 262,000.
The exits are helping to bring down the size of the federal payroll and — where funding is available — could afford agencies the chance to hire younger workers with crucial skills. The retirement of clerks could clear the way for experts in cybersecurity and information technology.
But among those leaving are people with specific expertise that cannot easily be replaced — for instance, nuclear physicists at the Energy Department and a large cohort of air traffic controllers who were hired three decades ago. And with most hiring on hold, the departures are already reshaping agencies that cannot replace most of the retirees or mentor and train new executives.
In some corners of government, the challenge is acute. By 2016, 42 percent of the Department of Housing and Urban Development workforce will be eligible to retire. At the Small Business Administration, it’s 44 percent.
There is no mandatory retirement age for most civilian federal employees. But retiring is looking ever more attractive, employees say, with their salaries frozen for three years by Congress and public service demonized by many politicians.
“It finally got to the point where I got disillusioned,” said Richard Swensen, 60, who retired from the Agriculture Department last year after 38 years. “You get weary of the bureaucrat-bashing.”
Read more -
A wave of retirements by senior federal employees has begun rolling across the government as aging baby boomers who held on to their jobs during the economic downturn are increasingly calling it quits.
With retirement accounts on the rebound, many veteran workers are finding little reason to remain in government, especially at a time when agency budgets are being slashed, workers are being furloughed and morale is tumbling.
The number of executive branch employees retiring this fiscal year, which ends next month, is on track to be nearly twice the total who retired in 2009, according to government figures. And the rate looks certain to accelerate. In 2000, about 94,000 people age 60 and older worked for the government. Last year, the number was 262,000.
The exits are helping to bring down the size of the federal payroll and — where funding is available — could afford agencies the chance to hire younger workers with crucial skills. The retirement of clerks could clear the way for experts in cybersecurity and information technology.
But among those leaving are people with specific expertise that cannot easily be replaced — for instance, nuclear physicists at the Energy Department and a large cohort of air traffic controllers who were hired three decades ago. And with most hiring on hold, the departures are already reshaping agencies that cannot replace most of the retirees or mentor and train new executives.
In some corners of government, the challenge is acute. By 2016, 42 percent of the Department of Housing and Urban Development workforce will be eligible to retire. At the Small Business Administration, it’s 44 percent.
There is no mandatory retirement age for most civilian federal employees. But retiring is looking ever more attractive, employees say, with their salaries frozen for three years by Congress and public service demonized by many politicians.
“It finally got to the point where I got disillusioned,” said Richard Swensen, 60, who retired from the Agriculture Department last year after 38 years. “You get weary of the bureaucrat-bashing.”
Read more -
No comments:
Post a Comment