The U.S. Bureau of Labor Statistics (BLS) projects that by 2016, 124 million people will be employed by the U.S. private sector and that the state and local government workforce will increase to about 21 million. These increases come at a time when the large baby boomer cohort is beginning to retire, and retirement and other separation rates for the state and local government and private sectors are ranging from 2.5 to 3 percent annually. Although the sluggish U.S. economy of 2009 (and possibly
