The Lifecycle of Retirement
The Government Business Council (GBC), the research division of Government Executive Media Group, undertook a large study to assess the perceptions, attitudes and experience of federal employees regarding retirement planning and income security. The following infographic contains the findings from a comprehensive survey on retirement planning, as well as expert interviews and secondary research from across government. For the full report, please click here.
According to OPM, “Nearly all retirees receive their first check, an interim payment, within 30 days of leaving government once OPM has received the necessary information from his or her agency. Interim payment is about 80 percent of the amount a retiree is entitled to receive. Once the full retirement is determined, the government makes a retroactive payment of any amount still due to the retiree."