Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
In what’s become the administration’s evergreen budget plan, the White House has again proposed that federal workers kick in more of their salary toward their retirement plan in return for smaller lifetime annuities that are frozen when they retire.
If history repeats itself, the budget President Donald Trump sent to Congress Monday afternoon will again be a political bombshell
President Donald Trump's proposed 1% across-the-board federal pay raise is an attempt to meet Congress "halfway" on the topic, as the administration also recommended more agency funding on employee performance rewards and bonuses.
Most people stop looking forward to birthdays after they first become eligible to drive, or vote.
In today's Federal Newscast, the Republican Study Committee want to overhaul federal employee pay, performance awards and hiring systems.
While the USPS Fairness Act would remove an “onerous requirement” for USPS to pre-fund its retiree health benefits, the legislation by itself would do nothing to remedy the agency’s cash flow problems or its long-term financial position.
Somewhere out there, the person or persons who, in the late 1990s, predicted Uncle Sam was facing a massive wave of retirements may be happy at last. Or not!
Congress had once anticipated as many as 1,000 federal employees would use phased retirement at any given time. But eight years after lawmakers signed off on the program, participation still falls well short of original expectations.
Although the Federal Employees Retirement System (FERS) was launched in the 1980s, it is still considered the “new” plan by workers who remained in the old Civil Service Retirement System (CSRS).
Nobody likes to think about dying. But it happens and if you don’t do some advance planning it can cause even more longer lasting pain and grief.
The Federal Retirement Thrift Investment Board has launched a social science program over the past year, with the goal of sending messages and reminders to targeted groups of participants to prompt them to contribute and save more with the TSP.
According to a Federal News Network analysis of Office of Personnel Management data, 6,000 fewer employees retired in 2019 compared to the previous year. Federal employees say a combination of personal, financial, health and family reasons -- in addition to their agency's leadership, budget and political climate -- all influence their retirement decisions.
Despite high returns for the TSP’s stock index funds last year, a majority of federal workers have most of their nest egg money in the G fund.
The decision to pull the plug depends on the job, your family situation, health, financial goals and, maybe, whether you’re a glass-half-full versus glass-half-empty type.