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How the Agencies With the Oldest Workforces Are Preparing for a Retirement Exodus
Government Executive: Federal officials have been sounding the alarm for years about a pending “retirement wave” as employees in the baby boomer generation reach pension eligibility, so much so that it has become easy to ignore the problem entirely.
At some agencies, however, the issue is coming to a head. Across the federal government, voluntary retirements have spiked 18 percent over the last decade. Currently, about one in seven federal employees is eligible to retire. At a few agencies, that rate jumps to one in five today and nearly half of their workforces in five years.
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