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Federal Employees News Digest : Nov. 5, 2012
November 5, 2012 Vol. 62, No. 17 5 visit us on the Internet at www.FederalDaily.com Optimizing FEHB Health Insurance and Medicare New Guide -- Order Now! WWW.FEDERALDAILY.COM/CATALOG • 800.989.3363 asked about exactly how they expected to go about the transition to retirement, 45 percent of current employees in France said they would enter full retire- ment immediately. In Germany, Sweden and Hungary, 35 percent indicated the same. But among U.S. respondents, only 18 percent anticipated entering full retirement at retirement age---the lowest percentage of respondents of any country in the survey group. In a related fashion, fully 73 percent of U.S. respondents indicated that on reaching retirement age, they would either continue to work or to sim- ply change work patterns---the high- est among the countries. The United Kingdom was next highest at 69 percent. The survey also generated a "retire- ment readiness score" based on three questions regarding understanding of retirement planning and acceptance of responsibility for ensuring retirement income, as well as three further ques- tions exploring actual behaviors related to planning and saving for retirement. On a scale of one to 10, respondents in Germany came out as the most ready for retirement, with a score of 5.9. U.S. respondents were second at 5.6, and the United Kingdom third at 5.3. Among the least ready were respondents from Hungary, with a 4.8, and Spain and Poland, with 5.0. The authors were careful to note that the retirement readiness scores indicate only respondents' perceptions: How well prepared for retirement respon- dents feel they are. To see more, go to: http://tinyurl.com/99vz5dx. ••• In Brief east Coast federal offices close due to Sandy Federal agencies and satellite offic- es along the East Coast, from the Washington, D.C., area north to New England, were closed to the public beginning Oct. 29, due to the ravages of Hurricane---and later Post-Tropical Cyclone---Sandy. In the aftermath of the severe trans- portation disruptions and in some cases facilities damages caused by Sandy, the Office of Personnel Management posted a notice on Oct. 30 indicating that except for emergency personnel, employees were granted administrative leave---as long as they were not already scheduled for telework, or working on continued from page 4 continued on page 8
Oct. 29, 2012
Nov. 12, 2012