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The Smart Savings Act would make the Lifecycle Funds the default investment option in the Thrift Savings Plan for new federal employees.
The Air Force will offer early retirement and buyouts to civilian personnel, in order to eliminate nearly 3,500 positions, officials announced Monday. The service estimates the cuts will save the Air Force $1.6 billion over the next five years.
Remember the buyouts of the 1990s? Maybe you were just starting out and it saved your job. Well that was then, and this is now. Forget everything you knew about buyouts and start all over again, Senior Correspondent Mike Causey says.
Making the call to turn your investment decisions over to a financial planner is a big decision for just about anybody, but there are several important factors that make that decision even more complicated for federal employees. Tammy Flanagan is Senior Benefits Director for the National Institute of Transition Planning. She's writing about some of the elements of that decision making process for soon-to-retire feds, and shared her thoughts on In Depth with guest host Jared Serbu.
Thanks to summertime and the upcoming election, even the most anti-bureaucrat politicians have called a time out in their whack-a-fed agendas. But there are some real threats out there.
The Transportation Security Administration has received approval to offer early retirements this calendar year.
A lot of people are saying that the relentless wave of retirements is a threat to the health of the federal workforce. But there's a problem on the other end of the age spectrum too -- OPM data shows there's been a sharp drop in the number of federal employees under the age of 30 over the last few years. As of last year, those younger workers made up just 8 percent of the workforce. Jeff Neal is senior vice president of ICF International and former chief human capital officer at the Department of Homeland Security. He explained the numbers behind the issue on In Depth with Francis Rose.
Benefits expert John Elliott will discuss what you should be doing to prepare for retirement, and OPM Director Katherine Archuleta will talk about the status of phased retirement, the retirement-claims backlog and other civil service issues. July 9, 2014
Two letters sent from Capitol Hill in call for the Office of Personnel Management to explain why it's taking so long to release final phased retirement regulations, and demand a revised timeline for action. Phased retirement was passed into law two years ago this week.
The Office of Personnel Management received fewer claims in June, but it continued to whittle away at its claims backlog.
Two more agencies recently announced they'll be offering buyouts. Who are they and what do the buyouts look like? Federal News Radio's Web Manager Julia Ziegler joined Tom Temin on the Federal Drive with details.
Is there life after government service? Short answer: Yes. A retired fed tells how his agency's bureaucratic ways turned him into a late-blooming "R.O.M.E.O.," gave him a life-long friend and introduced him to the man who shared a North Vietnamese prison cell with Sen. John McCain.
NITP Senior Benefits Director Tammy Flanagan will answer your retirement questions. July 2, 2014
As part of an ongoing effort to reduce costs, the Postal Service will offer early-outs and buyouts to more than 3,000 postmasters. Those who accept will leave the agency Sept. 30 -- the last day of fiscal 2014.