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Separation And Retirement Incentives In The Federal Civil Service
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Book Synopsis Separation and Retirement Incentives in the Federal Civil Service by : Beth J. Asch
Download or read book Separation and Retirement Incentives in the Federal Civil Service written by Beth J. Asch and published by RAND Corporation. This book was released on 1999 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1987 a new retirement system, called the Federal Employees Retirement System (FERS), was introduced for federal civil service personnel. Some observers have hypothesized that FERS would alter the retirement and separation outcomes produced by FERS' predecessor, the Civil Service Retirement System (CSRS). This report compares the retirement and separation incentives embedded in FERS versus those in CSRS to see whether the incentives embedded in FERS are consistent with these hypotheses. It also examines which system is more generous in terms of providing greater expected net lifetime earnings and retirement wealth. To compare the systems, the authors compute expected net wealth associated with different separation and retirement ages for a representative individual. The authors also conduct sensitivity analyses to see how their comparisons differ under alternative assumptions. Finally, the authors use data on Department of Defense civil service personnel from fiscal year 1983 through fiscal year 1996 to examine empirically how separation rates differ for early and mid-career personnel under FERS and under CSRS.
Book Synopsis Separation and Retirement Incentives in the Federal Civil Service by :
Download or read book Separation and Retirement Incentives in the Federal Civil Service written by and published by . This book was released on 1998 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Responding to policy analysis needs of the Deputy Assistant Secretary of Defense for Civilian Personnel Policy (DASD(CPP)), RAND is currently conducting a series of studies on civilian personnel management issues. This study, which is part of that larger RAND effort, examines the Federal Employees Retirement System (FERS) and the Civil Service Retirement System (CSRS) to determine what incentives each includes for turnover and retirement. In addition, it compares actual separation out comes under FERS with those under CSRS for early and mid-career DoD civil service personnel. The study should be of interest to policymakers and researchers concerned with the personnel outcomes produced by these two large federal compensation systems.
Book Synopsis The Effects of Workforce-shaping Incentives on Civil Service Retirements by : Beth J. Asch
Download or read book The Effects of Workforce-shaping Incentives on Civil Service Retirements written by Beth J. Asch and published by RAND Corporation. This book was released on 2003 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estimates the effects of three worksforce-shaping policies among DoD workers covered by the Civil Service Retirement System.
Book Synopsis CSRS and FERS Handbook for Personnel and Payroll Offices by :
Download or read book CSRS and FERS Handbook for Personnel and Payroll Offices written by and published by . This book was released on 1998 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis RAND Research Brief: Modifying Federal Civil Service Retirement Incentives by :
Download or read book RAND Research Brief: Modifying Federal Civil Service Retirement Incentives written by and published by . This book was released on 1999 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades, concerns have been expressed about two related labor force problems in the federal civil service: (1) insufficient turnover among mid- and late-career personnel and (2) the loss of key senior personnel to retirement as soon as they become eligible (generally, age 55). Lack of turnover can clog the promotion pipeline, preventing the hiring or advancement of better-trained or more-skilled individuals. The premature loss of senior personnel can impose significant direct and indirect costs: it is often difficult and time-consuming to find qualified replacements. Some observers have attributed these problems in large part to the Civil Service Retirement System (CSRS), which was thought to create "golden handcuffs" by significantly reducing the value of retirement benefits of those leaving prior to their first age of eligibility. These observers hypothesized that the new, redesigned system called the Federal Employees Retirement System (FERS), introduced in 1987, would correct these problematic separation and retirement patterns.
Book Synopsis Court-ordered Benefits for Former Spouses by :
Download or read book Court-ordered Benefits for Former Spouses written by and published by . This book was released on 2008 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This pamphlet is for Federal employees or their spouses who want general information about how their retirement and insurance can be affected by a court order related to a divorce or separation"--introd.
Book Synopsis Improvements in Federal Civil Service Retirement Benefits Contained in Public Law 854 (H. R. 7619), Eighty-fourth Congress, Second Session by : United States Civil Service Commission
Download or read book Improvements in Federal Civil Service Retirement Benefits Contained in Public Law 854 (H. R. 7619), Eighty-fourth Congress, Second Session written by United States Civil Service Commission and published by . This book was released on 1956 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Retirement and Employee Benefits Publisher : ISBN 13 : Total Pages :16 pages Book Rating :4.:/5 (327 download)
Book Synopsis Mandatory Retirement at Age 70 with 5 Years of Service by : United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Retirement and Employee Benefits
Download or read book Mandatory Retirement at Age 70 with 5 Years of Service written by United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Retirement and Employee Benefits and published by . This book was released on 1975 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Compensation and Employee Benefits Publisher : ISBN 13 : Total Pages :142 pages Book Rating :4.0/5 (18 download)
Book Synopsis Civil Service Retirement System Amendments by : United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Compensation and Employee Benefits
Download or read book Civil Service Retirement System Amendments written by United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Compensation and Employee Benefits and published by . This book was released on 1985 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Credit for Military Service Under Civilian Federal Employee Retirement Systems by : Patrick Purcell
Download or read book Credit for Military Service Under Civilian Federal Employee Retirement Systems written by Patrick Purcell and published by DIANE Publishing. This book was released on 2011 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. Under both CSRS and FERS, Fed. employees who have served on active duty in the military can have their years of military service (MS) counted for retire. eligibility and pension benefits. Contents of this report: Crediting MS Under the Civil Service Retirement System (CSRS) and the Fed. Employees¿ Retirement System (FERS): MS, Civil Service Pensions, and Social Security; The Post-WW2 Amend. to the Social Security Act; Servicemen¿s and Vets Survivor Benefits Act of 1956; Omnibus Budget Reconcil. Act of 1982; Social Security Amend. of 1983; Fed. Employees¿ Retire. System Act of 1986: Normal Cost of Pension Benefits; Employee Contrib. as a Percentage of Normal Cost; Interest on Deposits for Post-1956 MS. Illustration.
Book Synopsis Flimsy Tools by : David Anthony Coggin (Jr.)
Download or read book Flimsy Tools written by David Anthony Coggin (Jr.) and published by . This book was released on 2013 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the Department of Defense (DoD), civilian force reductions and shaping are accomplished through a limited number of means. The regulations controlling those means have evolved gradually from the inception of the first federal employee retention rights in 1876. As force shaping regulations have developed since World War II, it has taken longer to reduce the civilian force with each successive major force drawdown.The principal method for force shaping is reduction-in-force (RIF), which is also the main method civilian manpower is shaped across the federal government. Though RIF is the common method, it is generally not the preferred method due to the ripple effects it causes throughout the DoD employee hierarchy, and because of its financial cost. Voluntary separation and retirement incentives also exist, including Voluntary Early Retirement Authority (VERA) and Voluntary Separation Incentive Pay (VSIP). These authorities are typically used to help defray the negative effects caused during RIF actions as they are less destructive to the force, both in terms of structure and morale.Despite being the preferred method, VERA and VSIP are currently too restrained and inflexible to offer much more than token force-shaping assistance. Now, with the federal budget sequestration looming, DoD finds itself without a quality, speedy method of reducing its civilian force. In order for DoD to be able to more effectively and rapidly respond to the ever-changing fiscal environment, both now and in the future, VERA and VSIP authorities must be expanded to allow for broader and more flexible civilian force-shaping"--Leaf iv.
Book Synopsis A Handbook for Attorneys on Court-ordered Retirement and Health Benefits Under the Civil Service Retirement System, Federal Employees Retirement System, Federal Employees Health Benefits Program by :
Download or read book A Handbook for Attorneys on Court-ordered Retirement and Health Benefits Under the Civil Service Retirement System, Federal Employees Retirement System, Federal Employees Health Benefits Program written by and published by Office of Personnel Management. This book was released on 1992 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis FERS, Federal Employees Retirement System by :
Download or read book FERS, Federal Employees Retirement System written by and published by . This book was released on 1996 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book FERS Transfer Handbook written by and published by . This book was released on 1987 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Compensation and Employee Benefits Publisher : ISBN 13 : Total Pages :96 pages Book Rating :4.:/5 (327 download)
Book Synopsis Legislation to Extend Civil Service Retirement Credit by : United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Compensation and Employee Benefits
Download or read book Legislation to Extend Civil Service Retirement Credit written by United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Compensation and Employee Benefits and published by . This book was released on 1986 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Effects of Workforce-Shaping Incentives on Civil Service Retirement: Evidence from the Department of Defense by :
Download or read book The Effects of Workforce-Shaping Incentives on Civil Service Retirement: Evidence from the Department of Defense written by and published by . This book was released on 2003 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The research summarized in this briefing estimates the effects of three compensation policies on the financial incentive to retire and on the probability of retirement. These policies are the special voluntary separation incentive program (VSIP) or "buyout," the voluntary early retirement authority (VERA) or early retirement option, and the retention allowance. The first two programs are intended to increase the financial incentive to leave voluntarily, while the third is intended to increase the financial incentive to stay in the civil service. Both VSIP and VERA were used by federal agencies to reduce federal employment during the 1990s. These programs induced voluntary separations among workers who would otherwise have been involuntarily separated because they worked in organizations that were identified for possible downsizing. Between 1993 and 1999, the Department of Defense (DoD) paid about 141,000 VSIP buyouts to its civilian employees to support its post-cold war drawdown. The General Accounting Office (2001a) and the U, S, Senate Committee on Government Affairs (2001) have argued that downsizing resulted in a federal workforce that has a skill and experience mix that is out of balance with the mission of federal agencies. Both VSIP and VERA have been identified by the Office of Personnel Management (OPM) as tools to help federal managers "shape" the experience and skill mixes of their workforces (U.S. Office of Personnel Management, 2001b). By providing federal workers with an incentive to retire early or separate, it is hoped that managers will be better able to hire (or even outsource) replacement workers with different skills or experience levels.
Book Synopsis A Handbook for Attorneys on Court-ordered Retirement, Health Benefits, and Life Insurance Under the Civil Service Retirement System, Federal Employees Retirement System, Federal Employees Health Benefits Program, Federal Employees Group Life Insurance Program by :
Download or read book A Handbook for Attorneys on Court-ordered Retirement, Health Benefits, and Life Insurance Under the Civil Service Retirement System, Federal Employees Retirement System, Federal Employees Health Benefits Program, Federal Employees Group Life Insurance Program written by and published by Office of Personnel Management. This book was released on 1995 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: One computer diskette (3 1/2 in.) in pocket.
