Federal workers and retirees have billions of dollars invested in the stock market as part of the Thrift Savings Plan, the government's in-house 401(k) plan, which is the world's biggest.
This week on “Your Turn," financial planner Arthur Stein tells feds and retirees what, if anything, they should be doing now with their Thrift Savings Plan accounts. August 2, 2017
After a brief downturn earlier this summer, the Thrift Savings Plan rebounded in July, with all of the funds posting positive returns. All of the retirement funds, with the exception of one outlier, also posted higher returns than they had in June.
Ten House Republicans reiterated their concerns for the recent fiscal 2018 budget proposals that would make significant changes to the federal retirement system for current and future employees and retirees. Eighteen senators, nearly all Democrats, also wrote their own letter to Senate leadership voicing their opposition.
The Senate Homeland Security and Government Affairs committee passed the TSP Modernization Act of 2017, along with a handful of other bills that could soon affect the lives and careers of the federal workforce.
The Republican Study Committee released its own take on the fiscal 2018 budget, which includes several cuts to federal pay, retirement and health benefits. Here's how the committee's budget proposal measures up to other recommendations from the Trump administration and other House lawmakers.
Working for the government was once a lifetime deal, but Senior Correspondent Mike Causey says those days may be gone.
Are you planning to retire soon or leave your federal job? What happens to your benefits? Find out when benefits expert John Grobe joins host Mike Causey on this week's Your Turn. July 26, 2017
Senior Correspondent Mike Causey says if it's true that all politics is local, D.C. feds may get a major political assist from beyond-the-Beltway feds that could save their retirement plan.
The agency could downgrade, transfer, reassign or involuntarily separate up to 405 employees as part of the workforce shuffle.
Rep. Todd Rokita (R-Ind.) reintroduced the Promote Accountability and Government Efficiency (PAGE) Act after a similar bill died in the previous Congress. The legislation would give agencies the authority to remove or suspend new employees "without notice or right to appeal, from service by the head of the agency at which such employee is employed for good cause, bad cause or no cause at all."
Most of the retirement nest-egg money federal investors have socked away is in the super-safe, never-has-a-bad-day Treasury securities G fund. But Senior Correspondent Mike Causey wonders how safe is safe.
Have you seen the pay-more-get-less pension package Congress is preparing for federal workers and retirees? Senior Correspondent Mike Causey says you'd better check it out.
Federal, military and Social Security retirees may be looking at a January cost-of-living adjustment of 1.6 percent, says Senior Correspondent Mike Causey.