Buying an annuity from the Social Security Administration is one way for federal employees to bolster their retirement income. And yes, you heard that right, you can buy a Social Security annuity. Tammy Flanagan is Senior Benefits Director for the National Institute of Transition Planning. She says on In Depth with Francis Rose the cost of the annuity depends on how patient you are.
The TSA Office of Inspection Accountability Act of 2014, sponsored by Rep. Mark Sanford (R-S.C.), would no longer classify some Transportation Security Administration agents in the Office of Inspection as law enforcement officers.
Despite higher prices at the pump, overall living costs rose only slightly last month. For federal-military-Social Security retirees, that points to a 1.9 percent cost of living adjustment in January.
The Government Accountability Office is in the middle of an ongoing, multi-year study on the pay system, and taking its findings to Capitol Hill. A House Oversight and Government Reform subcommittee looked at the General Schedule last week. Jessica Klement is legislative director of the National Active and Retired Federal Employees Association. She shared her own ideas of how to reform the General Schedule on In Depth with Francis Rose.
The military is shrinking, but the Pentagon's personnel costs keep growing. In fact, it pays about $125,000 per active-duty service member, including both salary and benefits. Two Washington think tanks are raising alarms. They say the Pentagon needs to do something now so it doesn't have to cut other critical parts of its budget later on. Steve Bell is senior director of economic policy at the Bipartisan Policy Center. He joined Tom Temin and Emily Kopp on the Federal Drive to discuss why the personnel cost has become expensive.
When your political bosses tell you to bend over and await further instructions, chances are you are about to be reformed. So if you've been there and done that, get ready for another exercise in excellence, Senior Correspondent Mike Causey says.
The Congressional Budget Office estimates the Senate's postal reform plan would save just under $17 billion. Changes to the agency would include maintaining increased postal rates and cutting delivery to five days per week.
About 1.5 million white collar federal employees get paid according to the General Schedule. But the system predates the personal computing era. Today, a Congressional panel dares to raise the question: Is the general schedule viable in 2014? John Palguta is the vice president for policy at the Partnership for Public Service. He joined Emily Kopp on the Federal Drive to discuss why the current system is not viable.
In examining the viability of the Senior Executive Service, House members called out the Veterans Affairs' compensation program, with a pledge to introduce another piece of legislation to take back bonuses. The Senior Executives Association relayed concerns that talent is fleeing senior executive positions.
A new performance award strategy could rise from the ashes of a now-defunct pay system at the Defense Department. DoD tried to replace the General Schedule system with a National Security Personnel System back in the mid-2000s, but the White House repealed it two years ago. Bob Tobias is Director of Key Executive Leadership Programs at American University. He was part of a Task Force that tried to improve the system back in 2009. He said one bright spot in the system could be the key to building a new performance culture across the federal government on In Depth with Francis Rose.
A specially-formed commission tasked with modernizing military compensation released an interim report in anticipation of its full recommendations due in February. The document reviews massive changes that have occurred since the military switched to an all-volunteer force in 1973.
Sens. Ben Cardin (D-Md.) and Brian Schatz (D-Hawaii) introduced the Federal Adjustment of Income Rates (FAIR) Act Friday, calling for a 3.3 percent pay increase for federal employees for calendar year 2015. Federal employee union leaders praised the proposal, which would raise feds' pay more than the 1 percent President Barack Obama introduced in his 2015 budget proposal. The bill is similar to one introduced in March by House Democrats.
NARFE's Chris Farrell joins host Mike Causey to talk about some of the bills introduced in Congress that affect federal workers. May 21, 2014
Jennifer Mattingley, director of government affairs for Shaw, Bransford and Roth, and Andy Medici from the Federal Times will give us an update on legislation affecting federal workers. May 14, 2014
OPM will accept nominations for the 2014 Presidential Rank Awards through June 5, according to a memo to the heads of federal agencies from OPM Director Katherine Archuleta. Last year, the Obama administration canceled the awards program, which recognizes members of the Senior Executive Service for extraordinary service, citing tight budgets.