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FPCD-81-71 1 (1981-09-25)

handle is hein.gao/gaobabclq0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 FEDERAL PERSONNEL AND COMPENSATION DIVISION B-201496 SEPTEMBER 25, 1981 The Honorable Donald J. Devine Director, Office of Personnel Management 116482 Dear Dr. Devine: Subject: ,Tightening Eligibility Standards Could Cut Involuntary Retirement Costs by Millions of Dollarsf(FPCD-81-71) The eligibility standards governing the involuntary retirement program permit hundreds of unwarranted early re- tirements each year. These early retirements increase the retirement system's cost in that early retirees receive im- mediate benefits, with little or no reduction, even though they do not meet the service requirements for normal retire- ments. We estimate the additional cost to the civil service retirement system for all involuntary retirees on the rolls will be about $181 million for fiscal year 1981. Numerous situations exist whereby employees can become eligible for involuntary retirement. (See enc. I for some of these situations.) We have found that many early retire- ments can be avoided. Our evaluation, presented below, indicates that the Government, by prohibiting unwarranted early retirements, could reduce program outlays by at least $12 million the first year and more each year thereafter. OBJECTIVE, SCOPE, AND METHODOLOGY After discussing our preliminary findings and concerns about the program with yoir staff, we were told that the Office of Personnel Management (OPM) is now considering tightening the eligibility standards for early retirement. (963164)

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