14 percent of feds eligible to retire now

The long expected “retirement wave” of federal employees is beginning to materialize, with roughly 14 percent of feds eligible to retire today, Government Executive reports.

According to the report, nearly 1.5 in ten federal employees are eligible to retire today, and in five years the number will hit three in 10, about 30 percent; the Housing and Urban Development Department has the highest rate of employees eligible to retire of any major agency in government, at nearly 24 percent. 

Federal officials have for years warned that when the baby boomer generation reaches pension eligibility, there will be a wave of retirements in the federal workforce, the article notes, adding that over the last 10 years, total retirements across government have increased slightly but also fell for three consecutive years.

Reader comments

Thu, Sep 20, 2018

I am GOD's chosen and retired early with a 40K CSRS buyout (23 years at 56). I'm planning to enter the Scum-Of-The-earth contractor grind. I'm looking for high 401K match and no-tax state and high salary and I'll work anywhere. I'll jump contracts if necessary, and I'll wash toilet-scum (I am scum, right?) if necessary. I don't really care about benefits except 401K matching. I don't care about leave or hours - I love 24X7 environment. Planning on a high Social Security retirement, to add to my WEP reduction, I only need 8 years to reach 30.

Wed, Jun 20, 2018

This is your choice to be a "Scum-Of-The_Earth" contractor. Don't get mad at those who have worked for these benefits.

Wed, Jun 20, 2018

You are contributing to social security, what about a 401 K, Roth etc these should be viable options.

Wed, Jun 20, 2018

In the contractor world there are some perks and many not so good limitations. At one time in the career ladder I worked for numerous contract companies. One place to get experience and pay the dues and move on to a federal opportunity. The federal job market took many applications (long before the electronic era of the internet) and at the same time I am not a chosen one. That is a really limited statement of Gods chosen. You have a choice and for some reason you decided to stay with what you do, no fault there.

Tue, Jun 19, 2018

I am a Scum-Of-The_Earth contractor. I am not allowed to retire. I am required to do all the work of GOD's chosen who decide to retire after 10 years in Federal Service. I have only been doing this for 33 years.

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Edward A. Zurndorfer Certified Financial Planner
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