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Many feds dream of the day they'll be able to retire. But Congress may have plans to make that dream something of a nightmare, says Senior Correspondent Mike Causey.
Former feds and those about to retire, Senior Correspondent Mike Causey has some news for you -- both good and bad -- about the impact inflation has on your retirement.
Your agency's human resources department calls getting married a "life event." Life events can have a big impact on your future retirement plans and the benefits you receive. Tammy Flanagan is Senior Benefits Director for the National Institute of Transition Planning. On In Depth with Francis Rose, she answered questions people are asking about marriage.
"Un-American" was how the Federal Law Enforcement Officers Association described a bill to calculate retirement benefits according to an employee's "high five." Rep. Bruce Westerman (R-Ariz.) sponsored the measure.
Just over 9,200 federal employees filed for retirement benefits in February, enough to swell the government's backlog of retirement claims to its highest point since the summer of 2013.
Phased retirement seemed like such a simple idea. But, it's like the federal government got hung up on the "Stupid" part of the K.I.S.S. — Keep It Simple, Stupid — approach to implementing it, says Senior Correspondent Mike Causey.
Jennifer Mattingley, director of government affairs with Shaw Bransford and Roth, will discuss the federal pay raise, changes to the retirees cost of living program and other issues affected feds, and Federal Times Senior Writer Andy Medici will talk about phased retirement and possible changes in defense per diem rates. March 4, 2015
When it comes to prepping for retirement, federal workers are doing much better than their private sector counterparts, says Senior Correspondent Mike Causey.
Defense Secretary Ashton Carter said he's open to considering changes to the retirement plans for members of the military. The military compensation and retirement modernization commission has submitted its recommendations to the the secretary's office. Retired Marine Lt. Gen. Jack Klimp is president and CEO of the National Association for Uniformed Services. On In Depth with Francis Rose, he said the commission's work may be a good starting point for the discussion.
Senior Correspondent Mike Causey shares some expert advice on why converting your TSP balance to an annuity might not be a good idea.
More of your colleagues than ever invest for retirement in the Thrift Savings Plan. 88 percent of FERS employees across government save in TSP accounts. Kim Weaver is director of external affairs at the Federal Retirement Thrift Investment Board. On In Depth with Francis Rose, she told what the TSP thinks that number means.
A snowstorm forced the Federal Retirement Thrift Investment Board to close down one of its call centers on the busiest call day of the year.
You have two basic retirement-planning options with the Thrift Savings Plan. You can leave your money in, or take it out. Tammy Flanagan is Senior Benefits Director for the National Institute of Transition Planning. On In Depth with Francis Rose, she said there are pros and cons for both, but you need to think carefully before you decide what to do.
Host Mike Causey is joined by estate planner Tom O'Rourke who will discuss what you need to do to make sure your estate is in order. February 18, 2015