The Office of Personnel Management
(OPM) has posted updated figures for the number of employees at the Social Security Administration:
- September 2017 62,297
- June 2017 61,592
- March 2017 62,183
- December 2016 63,364
- September 2016 64,394
- December 2015 65,518
- September 2015 65,717
- June 2015 65,666
- March 2015 64,432
- December 2014 65,430
- September 2014 64,684
- June 2014 62,651
- March 2014 60,820
- December 2013 61,957
- September 2013 62,543
- December 2012 64,538
- September 2012 65,113
- September 2011 67,136
- December 2010 70,270
- December 2009 67,486
- September 2009 67,632
- December 2008 63,733
- September 2008 63,990
So I guess that means not many SSA employees elected the "early out" that was offered over the summer.
ReplyDeletehttp://www.govexec.com/pay-benefits/2017/08/social-security-has-sent-early-out-offers-nearly-its-entire-workforce/140008/
The early out has been offered pretty much every year if not actually every single year, at least for non-ALJ OHO folks, since I started nearly a decade ago. When you seemingly always offer it and don't sweeten the deal with a cash buyout, what's the incentive for people to jump all over it? That awesome pension reduction a ton of early outers would face since they'd be retiring before age 62/30 years of service or 60/20 years of service?
ReplyDeleteYou gotta remember, too, that most of these potential retirees are filling, at least relative to the bulk of coworkers around them, higher graded positions that tend to have less rigid and objective performance demands, if any at all.
Since these people, if they saved for retirement at all, are surely still feeling the effects of 2008-2011 on their TSPs and other investments, maybe they are carrying kids or older parents struggling in this economy, etc., again I ask--what is their incentive to leave early?
The incentive to leave is lower blood pressure, no longer needing Zoloft or Paxil, saving your marriage. Best personal decision I ever made was leaving SSA. I found a non profit situation that pays nearly as well, treats me better and I have never been happier. I have watched several other CRs from my office leave SSA and they are much happier people.
ReplyDelete