The Resignation of OPM’s CFO: What It Means for Federal Workers

Erica Roach, the CFO of the US Office of Personnel Management (OPM), made headlines this week with her resignation. The OPM, the primary HR agency for the federal government, oversees a massive $1.1 trillion in assets dedicated to federal workers' benefits. Roach's departure is just the latest in a series of changes within federal agencies.

Roach's Resignation

Erica Roach, who had been serving as the chief financial officer of the OPM, officially resigned this week. The news was confirmed by Roach herself in a statement to Business Insider, although she chose not to provide any further details regarding her departure.

About the Office of Personnel Management

The OPM plays a crucial role as the primary human resources agency for the federal government. Among its responsibilities is the management of the substantial $1.1 trillion in assets held within the Earned Benefits Trust Funds. These funds are vital for financing various benefits, including retirement, health, and life insurance coverage for millions of federal employees.

Roach's Background and Departure

Roach had been a part of the OPM for eight years, as indicated by her LinkedIn profile. She held the position of CFO for approximately a year and a half. With 25 years of combined experience in both the public and private sectors, Roach brought a wealth of knowledge to her role at the OPM.

The news of Roach's resignation was first reported by ABC News journalist Ben Siegel through an X post on Wednesday evening. Sources cited in the report suggested that Roach's departure may have been involuntary.

Implications of Roach's Resignation

Roach's exit comes at a time of significant change within the federal workforce, particularly during President Donald Trump's second term in office. The circumstances surrounding her resignation remain unclear, as the OPM has not provided any official comments regarding the matter.

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By: kvlamis@businessinsider.com (Kelsey Vlamis)
Title: The Resignation of OPM’s CFO: What It Means for Federal Workers
Sourced From: www.businessinsider.com/office-of-personnel-management-cfo-resigns-erica-roach-2025-2
Published Date: Thu, 06 Feb 2025 03:17:51 +0000