The U.S. government's Office of Personnel Management is making small tweaks to how it manages federal retirement programs after a failed attempt to modernize its system over the past seven years.
The OPM, which is the government's central human resources agency, administers the retirement program for federal employees and provides them with various benefits, such as health care. It began trying to automate some of its systems in 2005 to help it better manage the federal retirement program and make it easier for retirees to access their benefits.
According to a new report by the Government Accountability Office, the agency's attempt to modernize its retirement system was plagued by inefficiencies and management problems and was scrapped in 2011 after six years of patches.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.