Showing 11 ideas for tag "early retirement"

Department of Agriculture

Work Calculation Efficiencies

My position requires an average of 70 to 80 hours of work per week. The government recoups considerably more than the cost of paying my overtime by charging private industries an hourly rate for my essential services, and therefore there is no incentive for the government to be concerned about my life/work balance, safety and health, or inefficiencies of work due to excessively long hours. Allowing early retirement... more »

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Department of Homeland Security

Benchmark Private Industry with Early Retirement Package

Many federal employees are "Retired-in-Place" today. They are simply overhead, putting in the time at work but not contributing to the bottom line. By offering periodic early retirement packages to all federal employees, the "cost" of the early retirement package would be offset by the billions of dollars that would be saved though the ongoing salaries and the Federal government's non retired shared benefits costs.... more »

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Legislative Branch

eliminate minimum retirement age as incentive for retirement

Instead of offering a bonus to get people to retire early, eliminate the minimum retirement age (and penalties) for individuals with 25 years or more in government service and that fall in the top 25% of their pay grade/band. This would offer savings not ony pay wise, but it would reduce the other benefits paid out such as the 1% of the individuals income paid to FERS by each agency.

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Department of Defense

EXTEND RETIREMENT ELIGIBILITY

A mandatory retirement for O4s after 20 years is counterproductive if you can utilize them beyond that period in an O4-O5 billet. Undermanning in the military for O4s is endemic and retaining those who actually want to stay in would save hundreds of millions of dollars as the O4s who would be collecting retirement are now actually filling needed gaps and billets that are essential to the fighting force.
On another note-... more »

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Legislative Branch

Incentivize Long-time Government Employees to Leave Service

Everybody is “blame-storming” civil service costs for all the financial ills of the country today. Numerous politicians want to “downsize” government workers. The way to do this is to incentivize them to leave. Retirees are less of a burden on “the system” than full-salary workers. Tens of thousands of workers WANT to retire ASAP but cannot due to existing, long-standing, over-bearing rules of VERA/VSIP. Several options:... more »

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Department of Agriculture

Early Retirement/ Buy Outs

The idea of early retirement, and establishing rules that could make taking an early retirement advantageous to the retiree, could save the government billions, even with the cash-incentive. You would save future salary and benefits, but you would also cut down on the number of employees accustomed to spending money "end of year", thereby reducing future budgets. You would also cut down on the number of employees, especially... more »

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Department of Homeland Security

25 yrs of service, no age penalty4 civil service to retire.

Instead of cutting jobs to reduce the size of gov't and the defecit allow folks who are just waiting to retire due to the age requirement needed with 25yrs to go without penalty. The mass exit of babyboomers that never happend...will. Workforce reduction and attrition are already on the table so this would allow us to see saving sooner and make way for a younger, educated, motivated team to bring new energy and ideas... more »

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Department of Defense

Offer early retirement at 15 years or max retirement at 20 years

Offer early retirement for service members at 15 years of service. Addtionally, max out retirement plans for 20 years of service vs. the max of 30 years of service. Too many members stay in past 20 years which hold up advancements for junior members and most of the time they are getting these huge paychecks and not doing a whole lot to contribute toward their service.

Offering early retirement with a reduced retirement... more »

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Legislative Branch

Early Retirement Authority

Direct OPM to mandate all legislative agencies shall offer indefinitely, voluntary early retirement (VERA) to employees 50 years old and older. By combining the offer that an agency can replace a position for every two early out retirements, the agency can save money by making the replacements with a younger, lower salaried workforce.

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Legislative Branch

Retirement changes

I think one major problem with Americans retiring is that during their working careers, most people do not realize that Social Security is only designed to be 1/3 of their final income. They jump from job to job with no prospect of a pension at the end, and then are shocked with what "little money" they draw from Social Security after all those years putting into it. Americans need educated about SSA.

Another... more »

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