Feds are waiting longer to retire
- By Sherkiya Wedgeworth
- Oct 18, 2018
Civilian federal employees are waiting longer to retire from the workforce, according a new trend report from the Office of Personnel Management.
The average age of retirees as of fiscal year 2017 was 61.8 years, and 25 percent of the retirees in 2017 were under 57.7, and 75 percent were under 65.5.
The report also found that among the three largest federal agencies—Veteran Affairs, the Army and the Navy—all experienced an increase in the average retirement age.
The three states with largest federal employee populations— California, and the District of Columbia— also experienced retirement age increases.
A breakdown by race, gender and occupations is also included in the report.
View the full report here.