Feds retiring more slowly than expected
- By FederalSoup Staff
- Jul 19, 2016
Federal employees who are eligible to retire are not leaving government as soon as they become eligible, putting off a long-feared “silver tsunami”—a mega-wave of retirements—according to a new university study of the federal workforce.
That’s the good news. But the bad news, according to the study, which was authored by Georgia State University, is that young people are still only trickling into federal jobs—the work is just not the powerful draw that agency H.R. managers and other recruiting experts would like to see. Indeed, the report says that “the low percentage of federal workers under 30 suggests when they do, they could create a federal workforce crisis.”
Indeed, according to the report’s authors, only 7 to 10 percent of the federal government’s white-collar workforce is under 30 years old.
“There’s been all this fear of the ‘silver tsunami’ in the federal government, and there has been a lot of talk about the percentage of employees who are eligible to retire,” said government workforce expert and study co-author Greg Lewis, a professor and chair in the Andrew Young School of Policy Study’s Department of Public Management and Policy.
“But the number of people who actually retire is many fewer than those who are eligible.”