Retirement
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Rep. Anthony Brown (D-Md.) introduced the Federal Employee Pension Act of 2017 to reduce the mandatory 4.4 percent pension contributions by new federal employees.
July 18, 2017 -
A 2018 budget proposal from the House Budget Committee asks federal employees to contribute more toward their retirement as a way to find $203 billion in mandatory spending cuts next year.
July 18, 2017 -
The House Oversight and Government Reform Committee will consider a series of bills this week that could impact the federal workforce. Among them is legislation that would give participants more options to withdraw investments from the Thrift Savings Plan.
July 17, 2017 -
Dan Magneson, a fish biologist with the U.S. Fish and Wildlife Service, discusses how decisions he made 25 years ago led to an unexpected retirement windfall.
July 14, 2017 -
Senior Correspondent Mike Causey says current and future federal retirees would lose thousands of dollars in cost-of-living benefits if Congress goes along with the president’s plan to put them on a zero-COLA plan.
July 14, 2017 -
The Nuclear Regulatory Commission recently saw one of its longtime employees off into retirement. Steve Lavie, had a long career working on a nuclear submarine in the Navy then at nuclear power plants on the East Coast and finally at the NRC. But when he enlisted in the Navy, he was just a few credits shy of receiving his college degree. His NRC colleagues saw to it that Lavie still had a chance to experience a college commencement, before his retirement this summer. Lavie tells his story to Federal News Radio's Nicole Ogrysko on Federal Drive with Tom Temin.
July 11, 2017 -
The House Armed Services Committee wants to expand the $40,000 Voluntary Separation Incentive Pay for DoD civilians to 2021.
July 10, 2017 -
If you’re a government worker or retiree, odds are you are dreading the day when your grandson or granddaughter asks you about the good old days, when folks had pensions.
July 10, 2017 -
The Office of Personnel Management continued to make progress in whittling down its backlog of unprocessed retirement claims during the month of June. The backlog stood at 14,530, the lowest it's been since last June.
July 06, 2017 -
Non-existent sweepstakes, phony lotteries, reverse mortgage schemes and counterfeit drugs — fraudsters have unlimited imagination when if comes to separating people from their money, especially retirees and the elderly. Tammy Flanagan, senior benefits director at the National Institute of Transition Planning, offers some advice on avoiding ripoffs on Federal Drive with Tom Temin.
July 05, 2017 -
Have you protected your TSP from the next stock market crash? Financial planner Arthur Stein will explain what you should be doing now to protect your financial assets when he joins host Mike Causey on this week's Your Turn. July 5, 2017
July 04, 2017 -
Thrift Savings Plan returns slowed in the month of June, though only two funds dipped in the red. The S and I funds saw the most significant changes, both positive and negative, in June compared to the previous month's returns.
July 03, 2017 -
The House Appropriations Financial Services and General Government Subcommittee stayed quiet on federal pay in its 2018 bill. Without action from Congress, federal civilian employees would receive a 1.9 percent raise next fiscal year. The appropriations bill also includes significant spending cuts to key priorities at the General Services Administration and Office of Personnel Management.
June 29, 2017 -
The Office of Personnel Management is receiving more applications for the phased retirement program this year than it had during the first full year of its existence, but the numbers are still relatively low, given the large number of federal employees who are or will be eligible by the end of fiscal 2017.
June 28, 2017 -
Congress and the White House have a laser-focus on four major parts of the federal civil service retirement program. So which one is going to get the ax?
June 28, 2017