Pay & Benefits

  • Economist Dave Redden tells For Your Benefit that young people just starting in the federal service stand to gain the most from tax-free funds in retirement.

    April 16, 2012
  • Congress returns to session this week with a few short months to reach a budget resolution for the new fiscal year starting Oct. 1 and agree on how to avoid the automatic spending cuts of $1.2 trillion over the next decade that will be triggered Jan. 2, 2013, under the Budget Control Act debt limit deal. But don't expect much to get accomplished before the election, say budget experts.

    April 16, 2012
  • Government workers are under orders to blow the whistle if they spot waste, fraud or abuse. But, for many, that is easier said than done. What if the crook or clown is your immediate boss? Or your agency head? So who guards the guards?

    April 16, 2012
  • The Roth option for the Thrift Savings Plan, which was announced earlier this week, will be delayed for employees in the Defense Department and other agencies. Originally set for a May 7 launch, members of the military may have to wait as late as October to choose the option.

    April 13, 2012
  • The combination of buyouts, a surge in baby boomer retirements and a hostile Congress may make this the worst year, maybe ever, to consider retiring, Senior Correspondent Mike Causey says.

    April 13, 2012
  • This year and the next could set a new record for federal retirements. Senior correspondent Mike Causey says that's good news if you are stuck on your agency's promotion ladder, but not so good news if it means finding a cookbook for ways to prepare cat food.

    April 12, 2012
  • Allan Roth of CBS MoneyWatch and Federal Times reporters Andy Medici and Steve Losey join host Mike Causey on today's program. April 11, 2012

    April 11, 2012
  • The Roth option for the Thrift Savings Plan, which will allow federal employees to contribute after-tax dollars toward their retirement-savings accounts, will launch May 7, the Federal Retirement Thrift Investment Board announced today. The board, which first began planning the Roth TSP in June 2009 when it was authorized, made the announcement at its quarterly meeting of TSP coordinators.

    April 11, 2012
  • Members of Congress and media watchdogs are thoroughly outraged over GSA's meltdown in the Nevada desert. But those guardians of public morality and safety are also delighted at the foul-up, Senior Correspondent Mike Causey says. And we love those YouTube videos too.

    April 11, 2012
  • After two weeks of dining on GSA's fiasco in the desert, the fickle American public is looking for some juicy, replacement news, Senior Correspondent Mike Causey says. It may be something to do with the Kardashians ... or even the Pentagon.

    April 10, 2012
  • The Office of Personnel Management has consistently made progress processing retirement claims since the start of the calendar year, even as federal employees continue to retire in higher-than-projected numbers. In each of the first three months of the year, OPM surpassed its processing goal, according to OPM data released last week.

    April 09, 2012
  • When your federal agency winds up as a top ten joke on the Jay Leno show, you know you are going to have some image problems for a long time, Senior Correspondent Mike Causey says. Take the General Services Administration ...

    April 09, 2012
  • In a recent letter to insurers, the Office of Personnel Management requested some changes to federal health plans. Brace yourselves: It's mostly good news. The Federal Drive talked to health-benefits expert Walt Francis to get the details.

    April 06, 2012
  • It seems like every week another agency is offering employee buyouts and early retirements. But they're not designed to make you rich. So how do you decide when a buyout is right for you? The Federal Drive spoke with registered employee-benefits consultant Ed Zurndorfer to get some answers.

    April 06, 2012