Retirement
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The Federal Retirement Thrift Investment Board says offering federal employees an extra loan option through their Thrift Savings Plans to cushion the impact of furloughs would require too much effort to implement and may not help the employees all that much. Several federal-employee unions have lobbied the board to add a second general purpose loan option to help cushion the blow of furloughs. But at a Employee Thrift Advisory Council meeting April 22, the board quashed the idea, citing the complexity surrounding the changes.
April 23, 2013 -
Advocacy organizations are criticizing the Pentagon's proposed fee increase for TRICARE as unfair and discriminatory.
April 19, 2013 -
Financial Planner Art Stein and Federal Times Senior Staff Writer Stephen Losey join host Mike Causey to talk about a number of issues affecting federal workers. April 17, 2013
April 17, 2013 -
Federal, military and Social Security retirees would receive smaller benefits in the future if the government switches to a new yardstick to measure inflation. How much would it cost you? Maybe more than you think, Senior Correspondent Mike Causey says.
April 17, 2013 -
President Barack Obama's proposal to change the way retirees' cost-of-living adjustments (COLAs) are calculated has drawn the ire of federal-employee groups and unions. The National Active and Retired Federal Employees Association (NARFE) has released a calculator designed to show retirees and policymakers how benefits would be reduced if the chained CPI were implemented.
April 16, 2013 -
When sequestration was proposed, politicians said it would never happen. It did. When it triggered furlough warnings, some said they would never take place. Except they are happening right now, Senior Correspondent Mike Causey says.
April 15, 2013 -
President Barack Obama wants to make federal service cool again. But his budget proposals, which would reduce future retirement benefits and force feds to pay more for them, has a lot of current civil servants hot under the collar, Senior Correspondent Mike Causey.
April 12, 2013 -
Senior Correspondent Mike Causey wants to know: Would you be willing to accept a slightly smaller retirement benefit if it would help get the country out of debt? What if future cost-of-living adjustments to your civil service benefit were reduced by a mere 0.3 percent each year?
April 11, 2013 -
Carol Bonosaro, president of the Senior Executives Association, and NFFE president William R. Dougan will give their thoughts on John Berry's four years as director of the Office of Personnel Management. April 10, 2013
April 10, 2013 -
Federal employees would see a slight pay bump next year under President Barack Obama's proposed budget for 2014. But at the same time, the White House budget outline proposes sweeping changes to federal employees' retirement benefits, including reductions to annual cost-of-living increases for retirees.
April 10, 2013 -
The Defense Department's 2014 budget proposal reduces the size of the civilian workforce slightly, increases TRICARE premiums, and requests another round of base closures. It also calls for a slight raise for both civilian employees and uniformed servicemembers. The budget significantly exceeds the Defense spending caps in current law.
April 10, 2013 -
In your golden retirement years, will you be dining on steak or Hamburger Helper? Some people say the latter may be on the menu thanks to a White house plan to trim future cost-of-living-adjustments for federal, military and Social Security retirees, Senior Correspondent Mike Causey says.
April 09, 2013 -
For the third month in a row, the number of federal employees filing retirement claims outpaced the Office of Personnel Management's projections. OPM received 10,183 retirement claims in March, more than double the number it expected to receive, according to new OPM data..
April 05, 2013 -
AFGE's J. David Cox, and Federal Times Senior Writer Sean Reilly will talk about the impact of sequestration and the possiblity that federal workers will be furloughed. March 27, 2013
March 27, 2013 -
NARFE's Jessica Klement and Sean Reilly and Stephen Losey from the Federal Times, will discuss pending legislation on Capitol Hill, that affects federal workers. March 20, 2013
March 20, 2013