EconSys Blog - Retirement

Addressing the High Number of Potential Retirees in the Federal Government

Addressing the High Number of Potential Retirees in the Federal Government

Mar 09, 2018 | By: Drew Lessard | Category: retirement

Concerns have been brewing for the past decade as the number of federal employees eligible for retirement soars. In 2000, there were around 94,000 federal employees aged 60 and above. By 2012, that number had soared north of 260,000. In 2018, there are an estimated 600,000 federal employees...

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Challenges in Computation of Retirement Benefits for Federal Employees

Challenges in Computation of Retirement Benefits for Federal Employees

Mar 06, 2018 | By: Drew Lessard | Category: retirement

Computation of federal retirement benefits poses several challenges for retirement specialists, especially those still using outdated software and manual forms. These roadblocks can slow down the process substantially, creating a backlog of work for the HR specialists tasked with supporting...

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Streamlining Federal Retirement Processing with FedHR Navigator

Streamlining Federal Retirement Processing with FedHR Navigator

Mar 02, 2018 | By: Drew Lessard | Category: retirement

HR retirement specialists in the Federal Government face many issues in optimizing and streamlining the retirement process for a quickly growing population of retirement eligible employees. From complicated rules and regulations that slow down the application process and cause potential errors,...

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Improving Financial Awareness Among Federal Employees

Improving Financial Awareness Among Federal Employees

Feb 20, 2018 | By: Drew Lessard | Category: retirement

Congress has provided guidance to OPM in committee meetings to provide better financial awareness among federal employees. While some agencies have long worked to provide this type of guidance through their retirement support specialists, others still lack the resources and programs to guide the...

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