While the USPS Fairness Act would remove an “onerous requirement” for USPS to pre-fund its retiree health benefits, the legislation by itself would do nothing to remedy the agency’s cash flow problems or its long-term financial position.
Somewhere out there, the person or persons who, in the late 1990s, predicted Uncle Sam was facing a massive wave of retirements may be happy at last. Or not!
Although the Federal Employees Retirement System (FERS) was launched in the 1980s, it is still considered the “new” plan by workers who remained in the old Civil Service Retirement System (CSRS).
NARFE president Ken Thomas says last year’s White House budget proposal “breaks promises to both current and future retirees.”
Starting the new year at a low point, nearly all Thrift Savings Plan funds were down in January compared to December.
There are some things, persons, places, food, sports teams etc., that people either love or hate. Take teleworking.
With details on how it might work, and what it will mean for employees, federal employment attorney Tom Spiggle joined Federal Drive with Tom Temin.
Starting in the mid-1990s various experts looked at the aging federal workforce and concluded that the end, for many of them, was near.
The S and I funds of the TSP had bad years in 2018 but bounced back big time last year. Mike Causey asked financial planner Arthur Stein why?
While there is a lot of interest in those who are self-made Thrift Savings Plan millionaires, the fact is most investors will never hit seven-figure status.
But the one way to anger many feds is to tell them or remark that they are lucky to have such a good pension — then stand back.
Have you had the long term care insurance talk with your spouse or significant other, or your kids? How about with yourself, can you handle a reality check?
The Office of Personnel Management is currently drafting regulations needed to implement the Federal Employee Paid Leave Act. Members of the public will have a chance to comment on those regulations, due sometime in late spring.
For many January is a hope-springs-eternal transition time. But there are things members of the federal family can, and should, be doing that will save money.