Could political gridlock save you up to $48,000 in retirement? It could if it blocks a politically explosive plan to trim future cost-of-living adjustments for retirees, Senior Correspondent Mike Causey says.
Today's announcement that President Barack Obama would not be including a proposal to calculate cost-of-living changes to federal retirement rates in his 2015 budget should be welcome news to federal employees, legislators and federal-employee support groups who opposed it.
More than 100 members of the House and a dozen outside groups have signed on to a letter to President Barack Obama from Rep. Allyson Schwartz (D-Pa.) requesting that the upcoming White House budget not include a proposal to alter the way retirees' cost-of-living adjustments are calculated. The National Active and Retired Federal Employees Association, the American Federation of Government Employees and the Military Officers Association of American have signed on in support of the letter.
Now that early-outs and buyouts are popping up in various agencies, the obvious question, for younger and older workers is: What's in it for me? Unlike the one-size fits all buyouts of the 1990s, the new version is tailor-made to individual groups, grades and regions, Senior Correspondent Mike Causey says.
Suppose for the next 20 to 30 years, you have to spend 24/7 with your spouse or significant other. Can you handle it? Can he or she? With some planning it might not be too bad, Senior Correspondent Mike Causey says.
Senior Correspondent Mike Causey wants to know: Is 2014 going to be your up-or-out year? Are you looking at retirement or prepping for a promotion?
Remember the good old days when agencies were offering early retirement and $25,000 have-a-nice-life buyouts? Well, it appears that the combination of buyouts and early outs is another victim of climate change, Senior Correspondent Mike Causey says.
Does your federal retirement plan involve leaving at the earliest possible date, or having your funeral at the office? Whatever your plan -- retire or expire -- you are not alone, Senior Correspondent Mike Causey says.
When it comes to career planning, do you have a target date for retirement, or are you going to work until you drop? One in three feds could retire now, Senior Correspondent Mike Causey says. So why aren't they?
Host Mike Causey will talk professional liability insurance with attorneys John P. Mahoney and David Cavanaugh. Later Andy Medici will discuss potential buyouts at the Social Security Administration and the Environmental Protection Agency. February 5, 2014
Track which agencies are offering early retirement incentives and buyout offers in 2014.
The number of federal employees filing for retirement in January swelled to more than 17,000, according to new data from the Office of Personnel Management. But that's actually about 2,600 fewer than expected. In fact, this past month marked the first time in at least two years that the number of federal workers filing for retirement in January fell below 20,000 claims.
The 2014 buyout season is off and running, Senior Correspondent Mike Causey says. So what exactly does speculation about buyouts have in common with talk about pop star Justin Bieber?
The Environmental Protection Agency has issued targeted early-retirement and buyout offers to hundreds of employees nationwide, according to an American Federation of Government Employees local. EPA officials are planning to offer early-outs at 19 different offices within the agency, spanning all 10 regions. Workers who sign up can receive up to $25,000 and will have to be off the rolls by early April.
Do you know anybody in your office or agency who belongs to the secret KMA Club? It's an ancient and secretive society whose members can be aroused by sacred phrases, such as buyouts and early retirement, Senior Correspondent Mike Causey says.