Letter: OPM is wasting money on automated retirement systems

Regarding “GAO raises red flags on retirement systems modernization”: Sadly, the Retirement Systems Modernization program is failing miserably. The retirement process is too complicated for an off-the-shelf program. In spite of Hewitt Associates’ claims to have produced hundreds of retirement computation programs, none are as complicated as those of U.S. government employees. The very first annuity computed by the system was incorrect.

Don't hold your breath. This is the third time the Office of Personnel Management has tried to move to an automated computer computation. The rollout of a program that can't compute annuities accurately is a political win for OPM Director Linda Springer. The millions wasted on these projects over the years might have been better spent hiring and training competent legal administrative specialists.

Anonymous


What do you think? Paste a comment in the box below (registration required), or send your comment to [email protected] (subject line: Blog comment) and we'll post it.



Featured

  • innovation (Sergey Nivens/Shutterstock.com)

    VA embraces procurement challenges at scale

    Steve Kelman applauds the Department of Veterans Affairs' ambitious attempt to move beyond one-off prize-based contests to combat veteran suicides more effectively.

  • big data AI health data

    Where did the ideas for shutdowns and social distancing come from?

    Steve Kelman offers another story about hero civil servants (and a good president).

Stay Connected

FCW INSIDER

Sign up for our newsletter.

I agree to this site's Privacy Policy.