Retirement
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The Government Accountability Office joins a growing list of federal departments and agencies that wants to offer early retirements and voluntary separations to its employees. GAO said the move is in anticipation of a smaller 2012 budget.
August 12, 2011 -
Facing a second year of losses totaling $8 billion or more, the agency also wants to pull its workers out of the retirement and health benefits plans covering federal workers and set up its own benefit systems. Congressional approval would be needed for these changes.
August 12, 2011 -
Getting and keeping a security clearance is vital in a growing number of federal jobs. And useful when feds retire and go into the private sector. But are those all-important clearances going to be harder to get, and keep in the future? Senior Correspondent Mike Causey explains. (This column was originally published on July 13, 2011.)
August 12, 2011 -
Federal, military and Social Security retirees were delighted last month when it appeared they were on track for a January cost of living adjustment of around 3.3 percent, but Senior Correspondent Mike Causey says living costs are down, believe it or not, and the COLA may be in danger of stalling. (This column originally appeared July 18, 2011.)
August 09, 2011 -
Tom Trabucco, director of External Affairs at the Federal Retirement Thrift Investment Board, adds some context to how the stock drops will impact your accounts.
August 08, 2011 -
A new ongoing series by Federal News Radio tells the stories of long-time federal employees.
August 04, 2011 -
Federal workers\' pay, pensions and health premiums are on the line and definitely in the line of fire as Congress and the White House limp toward a solution to the debt limit crisis. Federal News Radio senior correspondent Mike Causey wants to know what are the primary targets?
July 29, 2011 -
The Defense Business Board has proposed major changes to military retirement by transitioning from its cliff-vesting system to a system of yearly retirement contributions deposited into the TSP.
July 26, 2011 -
Federal unions and associations haven\'t gotten far in their attempts to convince Congress not to cut federal workers\' salaries, retirement or resources. Now they\'re taking that message to the public through media spots and demonstrations.
July 22, 2011 -
Federal workers dodged a bullet in April when the government shutdown fizzled, and we all breathed a sign of relief when the world, as predicted, didn\'t end last May. Now we all face two new threats to jobs, benefits and services. So Senior Correspondent Mike Causey asks, what are our odds?
July 22, 2011 -
The Office of Personnel Management (OPM) has implemented a 2008 law that puts Customs and Border Protection (CBP) officers on par with law enforcement officers when it comes to earning greater retirement benefits and qualifying for early retirement. It also requires CBP officers to retire by age 57.
July 19, 2011 -
The two largest federal unions are urging feds to stand up against proposed cuts to federal pay and retirement by calling Congressional leaders and rallying in New York. Last week, 21 federal unions sent a letter to Treasury and OMB demanding to know what would happen to federal employees should Congress and the White House fail to raise the debt ceiling but got no response.
July 19, 2011 -
Charles Farrell, a principal with Northstar Investment Advisors, discussed the pros and cons of buying annuities. The Government Accountability Office recently released a report detailing various retirement strategies, including converting savings into an annuity.
July 18, 2011 -
Federal, military and Social Security retirees were delighted last month when it appeared they were on track for a January cost of living adjustment of around 3.3 percent, but Senior Correspondent Mike Causey says living costs are down, believe it or not, and the COLA may be in danger of stalling.
July 18, 2011 -
Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, discussed the pros and cons of cashing out a TSP and what to think about when buying an annuity from a private company.
July 15, 2011