Wave of Retirements Hitting Federal Workforce

Tuesday, 27 Aug 2013 03:29 PM

By Lisa Barron

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
A new wave of retirements by experienced senior government workers is hitting the federal workforce.

With retirement savings accounts on the rebound and agency budgets being slashed, many veteran employees, including baby boomers who held on to their jobs during the recession, are leaving work, reports The Washington Post.

Indeed, government figures show that the number of retirement applications has been rising steadily and is expected to increase at an accelerated rate.

While that could help reduce the federal payroll, it could also mean the loss of people with experience that can't be easily replaced, such as nuclear physicists at the Energy Department and air traffic controllers, notes the Post.

In interviews with recently retired senior executives from across the government, the newspaper found that the main reasons for their decision to leave were the pay freeze, the public's negative opinion about federal workers, and government spending cuts, which have meant furloughs, less overtime, and a larger workload.

"Everybody was under the constraints of sequestration and a lack of money," Craig Charles, who left the Immigration and Customs Enforcement agency at 39 after a 25-year career, told the Post, adding, "It was constant scrambling for the budget.

And Richard Swensen, 60, who retired from the Agriculture Department last year, added, "It finally got to the point where I got disillusioned. You get weary of the bureaucrat-bashing."

With no government plan in place to deal with the fresh retirements, individual agencies are said to be making their own plans to cope with the brain drain.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Living Large: The Scandal of Bishops' Residences

Friday, 24 Oct 2014 20:31 PM

Camden, N.J., is one of the poorest cities in the U.S. So it was a shock earlier this year when reports surfaced that Bi . . .

Judge Rules Oklahoma Abortion Law Can Take Effect

Friday, 24 Oct 2014 20:09 PM

A new Oklahoma law that requires clinics to have a physician with admitting privileges at a nearby hospital present when . . .

Suspect Arrested in Death of 2 California Deputies

Friday, 24 Oct 2014 19:54 PM

Officials say a second sheriff's deputy has died after being shot by a suspect who has now been apprehended for four sho . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved