Federal Report
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Most of the House Republicans who repeatedly tried to cut costs in the massive FERS program are either gone from Congress or relegated by the 2016 midterm elections to minority status.
March 11, 2019 -
A decade ago today, the US stock market was hitting rock bottom. The Great Recession, which had been in effect for almost two years, showed no signs of getting better — ever.
March 08, 2019 -
The retroactive-to-January increase is 1.9 percent, with 1.4 going to everybody eligible and the remaining 0.5 percent earmarked for locality pay.
March 07, 2019 -
Financial planner Arthur Stein is today's Your Turn guest and will talk about investment time periods for Thrift Savings Plan participants.
March 06, 2019 -
Maybe it's time to clean or even replace your personal political filter, at least when it comes to making long-range financial decisions. Most experts agree that based on past history the stock market is long overdue for a major correction of 20 to even 30 percent.
March 05, 2019 -
Left in limbo are tens of thousands of workers at or near the top of GS-15. That cap covers GS-15 workers in steps 8, 9 and 10 in the Washington-Baltimore area and extends down to step 5 in San Francisco and San Jose.
March 04, 2019 -
The average Thrift Savings Plan balance for Federal Employees Retirement System participants — 3.3 million people — was $138,933 in January.
March 01, 2019 -
For federal workers the good news is that Congress approved a 1.9 percent raise for them despite the fact that the president wanted to freeze pay in 2019.
February 28, 2019 -
As more companies scale-back or more often eliminate retirement plans for their workers, the government’s benefits package looks better and better to many private sector employees. But all comparisons are relative.
February 27, 2019 -
When it comes to salaries, not all men — or women — who work for Uncle Sam are created equal, or at least treated so. Some are more equal than others.
February 26, 2019 -
But if you don’t appreciate politicians trying to eliminate long-promised features of your Federal Employees Retirement System or Civil Service Retirement System packages fasten your seat belts.
February 25, 2019 -
If Uncle Sam kept a list of endangered workers, folks under the old Civil Service Retirement System would be at the top. Less than six of every 100 workers still on the payroll are under the system that was phased out in the mid 1980s.
February 21, 2019 -
Folks under the old Civil Service Retirement System, like people who get Social Security benefits, are protected from inflation. But most people on the federal pay roll are under FERS.
February 21, 2019 -
Allan Roth, founder of Wealth Logic and a nationally syndicated financial columnist, said that when it comes to investing, his motto is "Dare to be dull," as in boring.
February 20, 2019 -
The timing of the third shutdown of 2018 and the implementation of 2017 tax reform created major paycheck and cash flow problems for tens of thousands around the nation.
February 18, 2019