Federal retirements hit seven-year low

As the economy collapsed last year, federal retirements dropped to their lowest level in seven years, according to statistics released Monday by the Office of Personnel Management. The Federal Times reports that OPM said 43,649 full-time permanent employees retired in fiscal 2009 – 27 percent fewer than OPM had projected would retire. Federal retirements haven’t been that low since fiscal 2002, when 41,699 employees retired. OPM said it has not updated its retirement projections since January 2009. Last year, OPM projected that nearly 577,800 employees would retire by the end of fiscal 2018.

This story is part of our daily Dorobek Must Reads. Check out the full list of stories.

Comments

THRIFT SAVINGS PLAN TICKER

Jan 21, 2022 Close Change YTD*
L Income 23.1038 -0.0845 5.42%
L 2025 11.8829 -0.0822 9.75%
L 2030 41.7659 -0.4088 12.37%
L 2035 12.5242 -0.1347 13.43%
L 2040 47.3239 -0.556 14.51%
L 2045 12.9434 -0.1631 15.40%
L 2050 28.3195 -0.3815 16.34%
L 2055 13.8821 -0.2317 19.90%
L 2060 13.8819 -0.2317 19.90%
L 2065 13.8818 -0.2316 19.90%
G Fund 16.7517 0.0007 1.38%
F Fund 20.5326 0.0627 -1.46%
C Fund 66.4328 -1.2799 28.68%
S Fund 73.0036 -1.7193 12.45%
I Fund 38.2607 -0.4114 11.45%
Closing price updated at approx 6pm ET each business day. More at tsp.gov
* YTD data is updated on the last day of the month.