Do you know that 75 percent of all full-time federal workers suffer from Jack Benny Syndrome, Senior Correspondent Mike Causey says. So what is it, and how do y...
As one of the oldest people in my office building, I feel it is all right to ask you a somewhat personal question as you age-in-place at the office.
The question is:
If an outsider wandered into your federal building and checked out you and your colleagues, would he/she think they were in a retirement home, or a senior day-care center?
Unless you work in an agency or a job that has a mandatory retirement age, the answer to the above, for many feds, would be yes. At least that’s what a lot of readers tell us.
According to the Office of Personnel Management, the average age of the full-time, nonpostal federal worker in 2011 was 46.9 and the median was 48.1 years. The data shows that one in four feds is younger than age 38.7 and that one in four is older than that. So what, if anything, do those numbers mean for retirement-age workers, and does that translate in more promotion options for younger feds in a shrinking government?
In the last couple of years, the number of retirements from the federal government has jumped, big time. In February (with only 28 days) 20,374 workers put in their retirement papers although the government — which has a backlog of cases — expected only 5,600 applications. In January (always a popular month for retirement), just over 22,000 people retired
Why the sudden urge to surge?
Some people blame it on the federal pay freeze, which is likely to be extended into a third year. Others attribute it to poor morale fueled by anti-government politicians and a barrage of news stories saying that federal workers are paid more and work less than their private-sector counterparts. Others say it is simpler than that. People are getting older, and it was bound to happen.
Last week we ran a column, asking feds what makes them tick? Why do they stay on when the anti-bureaucrat rhetoric is so loud? Why not take the money and run? We got lots of responses, including:
“Now, with a retirement pension of just over 80 percent of my salary (with sick leave), I have taken a 20 percent cut in pay and don’t have to show up for work at all! That seems better than working with a 20 percent cut due to a furlough. Something is upside down when my pension in 2014 may actually be more than what my salary would be with another year of a freeze and a furlough.” — Steve, Formerly with the IRS in Richmond
NEARLY USELESS FACTOID
Compiled by Jack Moore
You would weigh about 0.5 percent less when standing at the equator than you would standing at one of the poles, according to Life’s Little Mysteries. That’s because you experience less gravitational pull at Earth’s equator.
MORE FROM FEDERAL NEWS RADIO
GAO to review agency sequestration planning, implementation
House Budget Committee Chairman Paul Ryan (R-Wis.) asked auditors to review five different areas of sequestration. Ryan asked GAO to review the actual sequester order, as well the July 31 memo to agencies from the Office of Management and Budget.
2014 budget battle lines drawn around federal pay, benefits
When it comes to the federal workforce, the competing House and Senate budget plans for fiscal year 2014 differ greatly in tone and style. But when it comes to making the federal government run more efficiently and finding cost- savings in federal operations, the two plans are more alike than you might think.
Agencies forced to freeze office space footprint
Agencies must come up with plans to maintain their current total square footage for office and warehouse space, according to a new memo from the Office of Management and Budget. Agencies must offset any new growth by disposing of current leases.
Copyright © 2024 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.
Mike Causey is senior correspondent for Federal News Network and writes his daily Federal Report column on federal employees’ pay, benefits and retirement.
Follow @mcauseyWFED