Click here to skip navigation
An official website of the United States Government.

Latest News News

You have reached a collection of archived material.

The content available is no longer being updated and as a result you may encounter hyperlinks which no longer function. You should also bear in mind that this content may contain text and references which are no longer applicable as a result of changes in law, regulation and/or administration.

News Release

Friday, April 22, 2005
Contact: Brenda Bertrand
Tel: 202-606-2402

OPM Encourages Federal Agencies to Participate in OPM Retirement Readiness Study

Governmentwide survey results to increase awareness of steps needed to successfully prepare for retirement

Washington, DC - U.S. Office of Personnel Management (OPM) Acting Director Dan G. Blair issued a memorandum to Chief Human Capital Officers of Federal agencies and departments (attached) regarding OPM plans to conduct a survey about Federal employees' readiness in preparing for retirement.

The results of the study, part of the Thrift Savings Plan Open Elections Act of 2004, will assist in educating Federal employees on the need for retirement savings and investment, how to plan for retirement, and how to calculate the retirement investment needed to meet their retirement goals. 

"This survey breaks new ground and will provide useful information for Federal employees as they seek to effectively plan for their retirement." Blair said.  

The research plan calls for the survey to be distributed to a sample of approximately 90,000 Federal employees.  The 20 minute survey will be completed on-line in April 2005.

The survey will be used to develop a Retirement Readiness Profile which will provide employees with their individual state of readiness using various dimensions that should be considered when planning for retirement.  Agencies will be able to use the retirement readiness profile as a tool to identify the general status of retirement of their employees and to plan specific programs to address issues identified.  The retirement readiness profile will be used by OPM to conduct periodic surveys of the Federal workforce to track overall trends in retirement readiness.

- end -

OPM leads and serves the Federal Government in enterprise human resources management by delivering policies and services to achieve a trusted, effective civilian workforce. By Empowering Excellence in Government through Great People, we provide leadership and support to U.S. agencies on issues including human resources policy and oversight, background investigations, federal employee benefits, retirement services, guidance on labor-management relations, and programs to improve workforce performance. For more information, visit or follow OPM on Twitter, Facebook, or LinkedIn.

Control Panel