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Congress and members in the federal community are at a standstill over how to change the Windfall Elimination Provision (WEP) for federal employees and retirees in the Civil Service Retirement System. House Ways and Means Committee Chairman Kevin Brady had a bill that would lessen the WEP penalty, but last-minute changes to the legislation derailed its official introduction to Congress.
The Office of Personnel Management is within spitting distance of reaching its benchmark for retirement claims after June.
NARFE's Jessica Klement and John Hatton join host Mike Causey on the first half of today's Your Turn to discuss reforms to the Windfall Elimination Provision or WEP. Later in the show. Brig. Gen. Mike Meese (Ret.) will talk about what's pending in the Defense Authorization Act and a change to the military TSP plan. July 6, 2016
While some funds managed to stay in the black, the majority posted negative returns in the month of June. This is the first time since February the savings plan’s numbers have dipped into the negative.
Have you heard about those federal millionaires? How did they do it on government pay? Senior correspondent Mike Causey says they all have several things in common.
The Bipartisan Policy Center is forming a task force to tackle the tough military personnel issues.
Tammy Flanagan, senior benefits director at the National Institute of Transition Planning, answers your questions about transitioning into retirement.
We've heard a lot about people who've saved $1 million while working for the government. Senior Correspondent Mike Causey tells how you can join the club too.
The Defense Department made a big splash in the world of federal retirement by recently introducing phased retirement to its civilian workforce, but for employees, the announcement still leaves some questions unanswered.
The Thrift Savings Plan is warning enrollees not to make rash decisions as a result of a down market, following Britain's vote to leave the European Union.
Figuring out your annuity under the various federal benefits program can be complicated. So complicated, the government often gets it wrong. If you think your payments are too low, it’s worthwhile checking and filing a complaint. Tammy Flanagan, senior benefits director at the National Institute of Transition Planning. shares more on Federal Drive with Tom Temin.
Government workers have a relatively new investment option and Senior Correspondent Mike Causey says it's growing in popularity because of its tax break.
The federal Thrift Savings Plan has been such a boon for investing, some feds now have TSP accounts topping $1 million.
The Defense Department announced Tuesday that members of its civilian workforce can now seek phased retirement from their positions, a concept that’s received little attention from federal agencies until now.