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How would you like it if your Thrift Savings Plan withdrawals were tax-free? Well, get ready because the tax-free end-of-the-rainbow Roth option is coming to your optional retirement package, Senior Correspondent Mike Causey says.
The IRS is the latest agency to join the 2012 buyout parade. Employees in other agencies should study it because it may be the model for similar buyouts governmentwide, Senior Correspondent Mike Causey says.
Tom Trabucco, the director of external affairs at the Federal Retirement Thrift Investment Board, which oversees federal employees\' TSP accounts, joined In Depth with Francis Rose to discuss some TSP tips for retiring feds.
The IRS has offered another, more targeted round of buyouts. The agency, however, plans to grant buyouts and early-outs to a limited number of employees — about 270 out of the 1,600 who are eligible, according to a staff email received by Federal News Radio. An IRS email said the targeted nature of the buyouts is different from previous offers and includes specific areas not covered before. The latest round of early-outs is the third set of offers in as many months.
Not sure about how much you need to save for retirement? A new online tool from the Office of Personnel Management helps feds figure out how to plan and includes projections for annuities and Thrift Savings Plan benefits.
Rep. Chris Van Hollen (D-Md.) told The Federal Drive with Tom Temin that he and lawmakers who represent federal employees want to maintain this system for federal employees.
They say that everybody\'s got a price, so what\'s yours? What would it take for Uncle Sam to convince you to retire? Because you may be facing that decision soon, Senior Correspondent Mike Causey says.
Tammy Flanagan, the senior benefits director for the National Institute of Transition Planning, joined In Depth with Francis Rose to discuss recent proposals affecting federal employees\' pay and benefits.
Most FERS and CSRS Offset employees will receive the 2 percent payroll tax cut as par to the plan signed into law Thursday by the President, said certified financial planner Ed Zurndorfer.
The Department of Justice has decreased its backlog of Freedom of Information Act requests and processed a record number of requests.
The U.S. Agency for International Development has joined more than 30 other agencies in offering a childcare subsidy for lower-income employees. The program has been shown to help retain employees for relatively little money but many agencies still do not offer it, said Steve Bauer, executive director of the Federal Employee Education and Assistance Fund, which is managing the USAID program.
Ever hear of a double-header brain drain? The government is losing two of its best to retirement this month. Odds are they\'ve touched your life, whether you are in a federal agency or a foxhole 3,000 miles away, Senior Correspondent Mike Causey says.
Thanks to the two-year pay freeze and two years of higher health premiums many federal workers today are taking home less money than they were in 2010, Senior Correspondent Mike Causey says. Some alert feds are also curious as to whether Congress has plans to extend their pay freeze until 2013, 2014 or maybe even until 2015.
Host Mike Causey will talk about the Thrift Savings Plan with Tom Trabucco, director of external affairs for Federal Retirment Thrift Investment Board. Federal Times Reporters Stephen Losey and Sean Reilly also join the show to discuss how Congress is changing your federal benefits package. February 22, 2012