Retirement
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Mark Borkowski (left), the chief acquisition officer and assistant commissioner of the Customs and Border Protection directorate in the Homeland Security Department, will leaver federal service on June 30.
June 07, 2023 -
The Office of Personnel Management's backlog of retirement claims dropped by 2,259 claims in May.
June 07, 2023 -
Low-risk investments generally have low returns. By law, the Postal Service must invest retiree assets in U.S. Treasury securities. The Office of Inspector General took a look at how much USPS would have had now, with a stock-and-bond mix.
May 30, 2023 -
The Office of Personnel Management took a step to address more immediate concerns from retiring federal employees, ahead of the agency’s long-term efforts to modernize retirement services.
May 22, 2023 -
Guy Cavallo, the chief information officer for OPM, said the initial focus of the new retirement services system is on new retirees and starting them off in a digital format.
May 18, 2023 -
The Office of Personnel Management processed nearly 2,000 more retirement claims in April than it did in March, bringing its inventory backlog down to 20,384.
May 16, 2023 -
Federal retirement tends to stand like a three-legged stool: the FERS annuity, the Thrift Savings Plan and Social Security. But a fourth leg could make for an even sturdier retirement. Good old fashioned Savings Bonds are another instrument federal employees can invest in for their personal savings.
May 04, 2023 -
It varies with the stock market, but about 1% of Thrift Savings Plans have more than a million dollars in them. Most so-called TSP millionaires have been working for decades.
April 27, 2023 -
Many retired federal employees feel they are being unfairly denied benefits, due to the Social Security provisions known as the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). We know how those retirees feel, thanks to a recent survey conducted by the office of Rep. Abigail Spanberger (D-Va.), who plans to use the survey results to push through legislation that would get rid of the WEP and GPO.
April 17, 2023 -
Part of what defines us as Americans is our independent spirit. When a job needs doing, we do it ourselves, owning it as our responsibility to get it done. In many ways this is a positive thing.
April 13, 2023 -
After 33 years of working for the National Treasury Employees Union, its president, Tony Reardon, is calling it a career. He'll retire in August, when his term as president concludes.
April 06, 2023 -
In today's Federal Newscast, bicameral lawmakers are urging the Office of Personnel Management to share its plan to reduce wait times for processing federal employees’ retirement claims.
April 05, 2023 -
Bank stocks might look like dicey propositions these days. There's nothing to focus investors' minds like the possibility of a run on the banks. It's not 2008 though, and we probably won't see the failure of hundreds of banks like we did back then. For more on the state of money and investments, big and small, the Federal Drive with Tom Temin spoke with Certified Investment Planner Art Stein.
March 29, 2023 -
If you wonder why federal employees worry, along with everyone else, consider: mini financial crises, a stubbornly bear stock market, no breakthroughs on Social Security solvency, and the debt-ceiling debate dragging out.
March 21, 2023 -
This week marks a significant milestone for the Technology Modernization Fund (TMF) — the five-year anniversary. The TMF, an innovative funding model for federal technology modernization projects, has grown and expanded significantly since its humble beginnings.
March 14, 2023