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Roughly 540,000 of the 1.9 million calls the Office of Personnel Management's Retirement Services received from federal annuitants in fiscal 2015 were abandoned, OPM's inspector general found. The IG also said Retirement Services is not meeting its goal to process all written inquires within 60 days or less.
No matter where you are in your career, even retirement, the critical decisions never seem to stop coming up. It's open season and long-time federal employees and retirees have to think hard about their options, and when to get into the Medicare. Insurance premiums are rising faster than salaries. For help sorting it out, Federal Drive with Tom Temin turns to retirement and benefits expert Tammy Flanagan.
In Washington, what's the difference between a total loser and a visionary? Senior Correspondent Mike Causey says it's about 10 years, 15 tops.
Why are so many long-time feds and retirees longing for the good old days? Senior Correspondent Mike Causey says it was a time of double-digit cost-of-living adjustments.
The House Oversight and Government Reform Committee is concerned about four agencies that had particularly high retirement processing error rates in September. The Social Security Administration and departments of Agriculture, Interior and Veterans Affairs topped the list. Congress now wants the Government Accountability Office to review the process that agencies and the Office of Personnel Management each use to review a retirement claim.
Financial planner Arthur Stein joins host Mike Causey to discuss asset allocation and what you can do to map out a much happier, less stressful retirement. October 19, 2016
In investing, the mantra is "buy low, sell high," and Senior Correspondent Mike Causey stresses the importance of picking the exact right date to retire.
If you’re expecting to lay on a big spread celebrating the January cost-of-living adjustment, forget about it, says Senior Correspondent Mike Causey. It won’t be enough to feed a crowd.
As we get older, some things get bigger and some shrink. Senior Correspondent Mike Causey says it's sad, in a way, but there are things you can do.
Benefits expert John Grobe joins host Mike Causey on this week's Your Turn to discuss the Required Minimum Distribution, and its impact on your Thrift Savings Plan. October 12, 2016
Randy Silvey, president Silverlight Financial, answers seven questions for federal employees as they decide whether to retire or not.
The Office of Personnel Management engineered a sharp upturn in retirement claims processed during the month of September.
The Thrift Savings Plan posted modest returns for its retirement funds in September, with a majority showing higher numbers than the previous month.
Insurance expert and author Walton Francis joins host Mike Causey to talk about how the pending Postal Service Reform Act, could affect the health care benefits of both postal and non-postal workers. September 28, 2016