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Pay & Benefits
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Hope you had a good holiday season and are ready for whatever 2014 brings, Senior Correspondent Mike Causey says. It's hardly likely to be worse than 2013, unless of course it is. Keep your New Year's resolutions handy. This time for sure...
January 06, 2014 -
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Nearly all the funds in the Thrift Savings Plan finished December in positive territory, helping fuel largely across-the-board gains for the year, according to new data from the Federal Retirement Thrift Investment Board. The C and S Funds posted the largest gains of 2013. The F Fund, tracked to the performance of the U.S. bond market, including government, corporate and mortgage-backed bonds, is the only fund to end the year in the red.
January 03, 2014 -
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In the fifth guest column in a series of five, a long-time Federal Report reader shares his take on why it's important for young feds to start long-term planning early in their careers.
January 03, 2014 -
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A new bill would repeal reductions in military pensions approved by Congress late last month as part of the bipartisan budget deal and allow the U.S. Postal Service to reduce regular mail delivery to five days a week. Rep. Darrell Issa (R-Calif.), the chairman of the House Oversight and Government Reform Committee, introduced the legislation Dec. 19, shortly before Congress decamped for the holidays.
January 02, 2014 -
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The Office of Personnel Management recently filed two proposals to change how feds enroll in the Federal Employee Dental and Vision Insurance Program and to expand the regulations of the Federal Employees' Group Life Insurance.
January 02, 2014 -
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One of the toughest, most important decisions, any worker ever makes is when to call it quits. Even people who are sick, tired or hate their jobs find it difficult to let go. Will it work financially, and emotionally? What happens next? Today's guest column is No. 3 in our five-part series. These are from real people, some like you maybe, who have been there-done-that-got-the-T-shirt. Today's guest columnist, Connie Hendryx, spent a long (mostly happy) time with Uncle Sam. She advises people how to prep for retirement.
January 02, 2014 -
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The 2014 white-collar pay raise is not for everybody. Feds at the top of their grades in some cities won't be getting anything at all, Senior Correspondent Mike Causey says.
January 01, 2014 -
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The slight 1 percent increase ordered by President Barack Obama last month is smaller than union advocates had pushed for, but it's the first time since 2010 most civilian employees will see a bump in their basic rate of pay. Still, the modest pay raise only applies to white-collar employees under the General Schedule system. Some 200,000 blue-collar federal workers at places such as the Defense and Veterans Affairs Department and the U.S. Bureau of Prisons, will not see a similar increase in pay.
January 01, 2014 -
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Are you a federal employee who uses public transportation to get to work? Be prepared to shell out more for your commute. Because of congressional inaction, a tax subsidy for mass-transit commuters is set to drop nearly in half — from a maximum of $245 a month to $130.
January 01, 2014 -
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When deciding to retire there is one day, but lots of different dates, that is best for you, Senior Correspondent Mike Causey says. How do you figure out the difference?
December 31, 2013 -
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Under federal "use it or lose it" rules, any unspent money employees set aside last year to pay for out-of-pocket health costs, such as prescriptions or co-pays, is forfeited at the end of the year. But a group of senators from states surrounding the Washington, D.C., area, wants to change that. Sen. Ben Cardin (D-Md.) along with Sens. Barbara Mikulski (D-Md.), Mark Warner (D-Va.) and Tim Kaine (D-Va.) wrote to Katherine Archuleta, the head of the Office of Personnel Management, requesting the agency implement new regulations that would allow federal employees to roll over as much as $500 in unused funds from year to year.
December 30, 2013 -
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In the third guest column in a series of five, a Mike Causey Federal Report reader offers her take on what happens after you age out of the "prime demographic."
December 30, 2013 -
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In the second guest column in a series of five written by Federal Report readers, a federal old-timer shares his thoughts on the workforce and being a political punching bag as he prepares to retire.
December 27, 2013 -
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In this guest column, a Mike Causey Federal Report reader offers some advice for financial security during the holidays and throughout your federal career.
December 26, 2013
