Does following news about the federal establishment make you depressed. Does talk about extended pay freezes and reduced retirement benefits make you nervous in the civil service? So what's preventing you from chucking it all and retiring? Do you love your job regardless or worry that you'd have nothing to do in retirement? There may be another way out, Senior Correspondent Mike Causey says.
Federal Times Senior Staff Writer Stephen Losey will give us an update on a new retirement law...and other legislation affecting federal workers. July 11, 2012
What do you see when you look in the mirror? Is it a dedicated IRS auditor, a serious federal agent or a compassionate VA employee? Or, do you have a Charles Dickens moment and spot the ghost of Christmas Future — you after you have retired? While feds have mostly held on to their jobs, things could change quickly, Senior Correspondent Mike Causey says.
Individuals in some positions can apply to retire as NASA focuses on reshaping its workforce. NASA will cap severance pay at $25,000.
For the third straight month, the Office of Personnel Management received fewer federal retirement claims than projected, according to monthly federal retirement data. OPM also met its processing goals for the month and the longstanding backlog of claims has fallen by 21 percent since January.
But the Office of Personnel Management is prodding federal employees to also think about financial freedom — especially in retirement. As part of its Retirement Readiness Now series, OPM compiled a list of four things feds should do to start getting a handle on their future retirement. Tammy Flanagan, the senior benefits director at the National Institute of Transition Planning, discussed the tips on In Depth with Francis Rose.
All 10 Thrift Savings Plan funds finished the month of June with positive figures, ending a several month slide into the red. The I Fund grew from -11.40 percent in May to 7.08 percent on June 30.
Senior Correspondent Mike Causey once again turns over to longtime reader, Dennis S., who spent a long time with Uncle Sam and a lot of time in the private sector. He says both the government and the private sector have their upsides and downsides. But he thinks its important to appreciate what you've got and live in the moment.
Host Mike Causey will talk estate planning with attorney Tom O'Rourke, and long term care with Paul Forte and Mary Lou McGuiness of Long Term Care Partners. June 27, 2012(Encore presentation July 4, 2012)
Defense Department employees have had to wait longer than other feds but this week they're getting their chance.
A new inspector general audit revealed that the Postal Service has overfunded its pension benefit obligations by nearly 105 percent. While this might seem to be good news for the cash- strapped agency, legislative action will be required for USPS to get back the $13.1 billion surplus it paid into its employees' pensions.
Portions of last week's interview with TSP Executive Director Greg Long about the TSP hack attack will be re-aired this week. Also, Steve Watkins and Sean Reilly from the Federal Times join host Mike Causey to talk about the status of legislation pending in Congress that affects federal workers. June 20, 2012
Which occupational group has the worst nightmares: alligator wrestlers or federal workers? Thw answer might surprise you, Senior Correspondent Mike Causey says.
Part-time work will be available to postmasters eligible for optional retirement and those under the current Voluntary Early Retirement offering. Participation will not affect annuity payments.
The service launched a new portal to let civilian workers prepare for retirement, request a retirement estimate and acquire the necessary paperwork to pay a military or civilian deposit.