Pension Benefit Analysis

According to the Government Accountability Office, 34.3% of the federal workforce government wide is eligible for retirement. The purpose of this thesis is to provide alarming demographic statistics concerning the federal government workforce composition and propose a comprehensive plan to address this threat to organizational sustainability. According to OPM, there’s approximately 1.8 million full time permanent employees and the average age of this population was 47.4 . In addition, 90.21% of the federal workforce receives fulltime permanent employment tenures and work an average of 13.53 years . The following statistics were retrieved from The Partnership for Public Service, a nonprofit, nonpartisan organization that proactively lead efforts …show more content…
For the first time in history, the federal government workforce composition will consist of all 4 generations. There will be a generational shift within the federal workforce and how the federal government expects to engage in this generational shift remains unanswered. Although scholars continue to present research illustrating efforts of the Office of Personnel Management (OPM), PBGC struggle considerably to offset the disparities prevalent within their workforce composition. If the Pension Benefit Guaranty Corporation, adopts the following workforce integration model than the rate of “institutional knowledge” leaving the agency will decrease thus the ability to sustain institutional knowledge will increase, and the rate of employees responsible for on one or more professional capacity may see an decrease. This analysis is relevant because the federal government workforce is composed of individuals sustaining careers far beyond their retirement eligibility increasing workforce composition disparities. Furthermore, this analyze will contribute to the growing body of literature on leadership, the federal government, and the importance of human capital