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Washington, D.C. - The Director of the U.S. Office of Personnel Management today reiterated her commitment to modernizing the administration of the federal retirement system, and to build on the progress made to date.
OPM Director Linda M. Springer gave her pledge to the Retirement Systems Modernization Project during a media briefing on the agency's request to Congress on budget and program priorities in fiscal year 2008. She used the occasion, which followed the White House's release of the 2008 federal budget, to highlight other goals and priorities included in the agency's budget request.
Today's briefing at OPM headquarters also followed the agency's transmittal to Capital Hill of its fy08 Congressional Budget Justification and Performance Budget.
In the transmittal letter and at today's briefing, Springer said OPM has no higher funding priority than speeding payments to retirees and transforming the paper-based retirement system into an electronic format.
"I want the talented men and women who might consider a federal career to know that we will take care of them by making timely retirement payments," said Springer. "After serving their country, often for decades, public servants should expect nothing less than a fast and problem-free transition into retirement."
For fy08, Springer is requesting $15 million toward the RSM Project, which involves, in part, transferring millions of paper personnel and retirement records into electronic files that can be adjusted and transported throughout an employee's federal career. The Civil Service Retirement System and Federal Employees Retirement System cover more than three million active employees in the executive, legislative and judicial branches of government.
Of the $42.9 billion requested for fy08, $42.7 billion (or 99.5 percent) is allocated to mandatory payments for federal employee benefit programs. The request also includes $231.7 million for salaries and expenses.
Other fy08 OPM budget priorities include:
Our mission is to Recruit, Retain and Honor a World-Class Workforce to Serve the American People. OPM supports U.S. agencies with personnel services and policy leadership including staffing tools, guidance on labor-management relations and programs to improve work force performance.