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Botched predictions on federal retirement have breathed life into the idea of a so-called retirement tsunami. But it hasn't materialized, leaving the government to deal with a slow leak. Federal News Radio's special report, Retirement Conundrum, investigates what led to the faulty forecast, why OPM has trouble reducing the retirement claims backlog, and how agencies retain institutional knowledge as longtime employees walk out the door.
Executive Branch retirements 1990-2012 (chart)
Wednesday - 5/29/2013, 10:22am EDT
In fiscal 2012, 69,215 federal employees put in for retirement. That's well above the number who retired in either of the previous two years, but it's hardly unprecedented. In fiscal 2007, almost as many employees — 62,366 — filed for retirement. In fact, in each of the three years between 2005 and 2007, retirements topped 60,000, according to OPM data.
In the chart below, track the ebb and tide of federal retirements over the years.
This chart is part of Federal News Radio's special series Retirement Conundrum.