Will the upcoming presidential transition impact your decision to retire?

Human capital experts have warned that agencies could lose many of their career executives either this year or the next, as many top leaders may see the upcoming presidential transition as the right time to plan their long-awaited retirements.

“My sense is, in just talking to career execs, that either before, during or after transition, now is the time,” Sanders, former chief human capital officer at the Office of the Director of National Intelligence, told the Federal Drive with Tom Temin. “They’re not willing to commit another two, three or four years to a new administration, regardless of who wins. So I think we’re looking at a fairly —substantial turnover both at the political level and at the career level.”

Most agencies have largely avoided the long-predicted and heavily publicized “retirement tsunami,” but more and more federal employees are eligible for retirement.

Nearly 31 percent of the federal workforce at large will be eligible to retire by September 2017, according to a 2014 Government Accountability Office study.

Chat with Alastair Thomson, CIO of NIH’s National Heart, Lung, and Blood Institute, Aug. 16 at 11 a.m. Sign up here.

The numbers are more startling for Senior Executive Service members. About 35 percent of career SES are eligible to retire now, and more than 53 percent will be eligible within the next three years. Most of the SES — 85 percent — will be retirement eligible within the next decade, according to the Partnership for Public Service.

How will the change in administration impact your retirement planning? Do you plan to leave within the next year? Or do you continue to see a future for yourself in the federal government?

And if you don’t see the transition having an impact on your retirement planning, tell us what factors will affect your decision to leave.

Please take a few minutes to share your thoughts and fill out this survey. We will publish the results in the coming weeks. All answers are anonymous.

Related Stories

    Presidential transition could bring ‘significant turnover’ of career SES

    Read more

    ‘Superstar’ executives lend advice to career SES on upcoming transition

    Read more

    Agencies see low interest in joining SES as most executives near retirement

    Read more

Comments

Sign up for breaking news alerts

THRIFT SAVINGS PLAN TICKER

Jan 15, 2021 Close Change YTD*
L Income 22.3489 -0.044 5.15%
L 2025 11.2380 -0.0483 -
L 2030 39.1234 -0.2133 11.26%
L 2035 11.6832 -0.0701 -
L 2040 43.9601 -0.2878 13.16%
L 2045 11.9876 -0.0843 -
L 2050 26.1356 -0.1962 14.79%
L 2055 12.6111 -0.1164 -
L 2060 12.6112 -0.1164 -
L 2065 12.6113 -0.1164 -
G Fund 16.5140 0.0004 0.97%
F Fund 21.0356 0.0272 7.50%
C Fund 56.1305 -0.4057 18.31%
S Fund 78.1968 -0.9217 31.85%
I Fund 36.0051 -0.4036 8.17%
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.