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Pay & Benefits
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The Internal Revenue Service and the National Treasury Employees Union reached an agreement that will see the IRS pay frontline employees performance awards starting in the spring. Acting IRS chief Danny Werfel canceled payouts of the awards last July, even though the union said the agency was obligated to pay them.
February 03, 2014 -
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The Environmental Protection Agency has issued targeted early-retirement and buyout offers to hundreds of employees nationwide, according to an American Federation of Government Employees local. EPA officials are planning to offer early-outs at 19 different offices within the agency, spanning all 10 regions. Workers who sign up can receive up to $25,000 and will have to be off the rolls by early April.
February 03, 2014 -
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Returns for nearly all of the funds in the Thrift Savings Plan trended downward in January following a rocky month on Wall Street. The largest declines came in the stock funds. The large-cap C Fund fell by 3.45 percent, the small-cap S Fund inched down 1.91 percent and the I Fund, made up of international stocks, plunged by more than 4 percent, according to new data from the Federal Retirement Thrift Investment Board.
February 03, 2014 -
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Do you know anybody in your office or agency who belongs to the secret KMA Club? It's an ancient and secretive society whose members can be aroused by sacred phrases, such as buyouts and early retirement, Senior Correspondent Mike Causey says.
February 03, 2014 -
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The early-out offer at the Social Security Administration is one of the first this year in government. Senior Correspondent Mike Causey says it could open up the promotion pipeline for younger, mid-career employees and jump-start early retirement offers in other agencies too. So how are things in your office?
January 31, 2014 -
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The departments of Defense, Veterans Affairs and Homeland Security account for 94 percent of the growth in the number of civilian employees within the federal workforce, according to a new report from the Government Accountability Office.
January 30, 2014 -
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Trick question, and you will never get the right answer. The question is this: How many days are there in the months of September, August and February? If you said anything other than 30 you lose, and it could impact your retirement benefit, Senior Correspondent Mike Causey says.
January 30, 2014 -
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Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, will give tips on how to determine your magic retirement date. January 29, 2014
January 29, 2014 -
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Union and CBP officials call for reform of outdated OT pay system, saying the purpose of Administratively Uncontrollable Overtime was misinterpreted.
January 29, 2014 -
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Tammy Flanagan, senior benefits director for the National Institute of Transition Planning and 'the' expert on choosing the right federal retirement date, joins host Mike Causey for this week's show.
January 29, 2014 -
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The Senate Homeland Security and Governmental Affairs Committee debated an updated version of postal reform legislation Wednesday that would allow the cash-strapped U.S. Postal Service to restructure its health benefits program. Included in the revised postal reform bill from Sens. Tom Carper (D-Del.) and Tom Coburn (R-Okla.) is a proposal that would create a new postal-only health plan within the broader Federal Employees Health Benefits Program (FEHBP).
January 29, 2014 -
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Pentagon leaders expressed disappointment on Tuesday at the retiree cost of living cuts under the Ryan-Murray budget deal and urged Congress to repeal them. But officials also pressed lawmakers to wait for an independent study group's conclusions before making more piecemeal changes to the military compensation system.
January 29, 2014 -
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Timing is everything, especially when you retire. And whether you are planning to retire in a few months or 30 years from now, there is a magic date just for you, Senior Correspondent Mike Causey says.
January 29, 2014 -
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Have you resolved to brain the next person who says "Is it cold enough for you?" Senior Correspondent Mike Causey wants to know: How are you holding up during our little ice age?
January 28, 2014
