AGENCY AND EMPLOYEE RESPONSIBILITIES

Agency Responsibility…
Employing agencies have the primary responsibility for the delivery of retirement financial education to their employees and for supporting financial literacy. The Thrift Savings Plan Open Elections Act of 2004 (Public Law 108-469) required the Office of Personnel Management (OPM) to develop and implement a retirement financial literacy and education strategy for Federal employees as part of the retirement training offered by OPM under 5 U.S.C. 8350. The implementation of the strategy must educate Federal employees on the need for retirement savings and investment, and must provide information on how to plan for retirement and how to calculate the retirement investment needed to meet their retirement goals.

Employee Responsibility…
The best retirement financial literacy and education program in the world will not be effective unless you the employee take a pro-active role in utilizing information that is made available to you and your family members. Acting now and taking the necessary steps toward planning for your future will help you reach your financial and retirement goals. Employees should take full advantage of attending the financial education workshops, fairs, etc., that are conducted by their local Human Resources office. Make a commitment to yourself to learn and take the necessary steps you need in order to achieve your future retirement dreams. Remember, you control your financial and retirement future.