Informing the Implementation of Savings initiative for Retirement-Eligible Employees
Client
New York City Office of Management and Budget
Faculty
John Ceffalio
Team
Ana Castro- Mendoza, Ana Jerolamon, Zheng Wang, Lauren Williams, Ke Zhang
| The New York City Mayor’s Office of Management and Budget (OMB) is NYC’s chief financial agency, and its Citywide Savings Unit is the unit responsible for city agency programming aimed at reducing city spending. It is estimated that nearly 10 percent of civilian employees will soon retire, which leads to increased costs to the city and potentially reduced intellectual capital and expertise. The Citywide Savings Unit recently announced Redeploy, a new citywide initiative that allows retirement-eligible employees to shift from full- to part-time status while officially filing for retirement—thus collecting both pension and wages for part-time employment. OMB engaged a Capstone team to conduct comprehensive research and a literature review on similar national and international government programs. Based on their findings, the team outlined and presented their recommendations to the Citywide Savings Unit, which will position OMB for a more successful implementation of the Redeploy initiative. |
Focus Areas
Capstone Year
2017-2018