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Host Mike Causey is joined by Tom Trabucco, director of external affairs for Federal Retirement Thrift Investment Board, and Federal Times senior writer Stephen Losey. February 1, 2012
The Navy has announced it plans to offer early retirements, following a panel\'s decision last year that targeted nearly 3,000 sailors for separation. The Navy\'s temporary early retirement authority will only apply to sailors with 15 years of service, who were not selected for retention by the 2012 Enlistment Retention Board, according to a Navy administrative message laying out official guidance about the early retirements.
Thanks largely to transfusions from outside retirement plans, Uncle Sam now has 208 employees with million-dollar Thrift Savings Plan accounts, Senior Correspondent Mike Causey says,and there\'s at least one person whose 401(k) plan is worth more than $4 million.
The Office of Personnel Management\'s new strategy to catch up on its backlog of retirement claims will be vetted publicly during a hearing Wednesday of the Senate Homeland Security and Governmental Affairs Subcommittee on Oversight of Government Management.
A number of self-proclaimed insiders, reporters, lobbyists, think tank residents and a select group of psychics think they know what what\'s going to be in the election-year survival kit for members of Congress, Senior Correspondent Mike Causey says ... and they say you are not going to like it.
Tom Trabucco, joined In Depth with Francis Rose for an interview on all things TSP.
The Pentagon has unveiled details of a 10-year strategy for defense cuts — including reductions in military pay and benefits. But before any large-scale changes are made, service members should be given a chance to voice their opinions of their compensation packages, the Center for Strategic and Budgetary, a prominent defense think tanks argues. \"The Pentagon is already starting to move to make changes in the compensation system,\" said CSBA senior fellow Todd Harrison. \"And basically our point here is before we start tinkering with things, before we start making changes we need to understand first how service members actually view different parts of their compensation package.\"
Tammy Flanagan, the senior benefits director for the National Institute of Transition Planning, joined In Depth with Francis Rose to discuss recent proposals on federal retirements.
The Office of Personnel Management received more the 15,000 new retirement applications this month. Ed Zurdorfer, registered employee benefit consultant, offers some advice on how federal employees can make the road to retirement less stressful.
While many federal workers are worried about their future retirement benefits, some experts say that a possible change in pension rules wouldn\'t be that big a deal, Senior Correspondent Mike Causey reports ... or would it?
Many times in life we are faced with options — sometimes a variety — and none of them are good. That\'s definitely true for current and retired federal government workers, Senior Correspondent Mike Causey says.
Benefits expert Tammy Flanagan and Federal Times senior writer Sean Reilly will explain how feds could be affected by cuts to the federal budget. January 25, 2012
Lawmakers should keep their hands off federal employees\' retirement plans, National Active and Retired Federal Employees Association Director of Retirement Benefit Services David Snell said at a hearing of the House Oversight and Government Reform Subcommittee on Federal Workforce, U.S. Postal Service and Labor Policy. The subcommittee is considering a slew of bills aimed at reducing federal pensions for both lawmakers and rank-and-file workers.
It\'s not the easiest time to tackle the growing backlog of retirement applications from federal employees. The Office of Personnel Management has received more than 15,000 new applications this month, which is more than double the normal load, said Retirement Services Director Ken Zawodny.