Congress has its eye on the G-Fund again. Some members want to change the way the rate of return is figured. One version of the federal budget in the House estimates savings up to $32 billion to fund other programs. But, members of the Employee Thrift Advisory Council are warning those changes could cause people to get out of the TSP altogether. Jessica Klement, legislative director of the National Active and Retired Federal Employees Association, joined In Depth with Francis Rose to talk about the proposed legislation.
The National Treasury Employees Union, the Employee Thrift Advisory Council and 13 other organizations urged Congress not to use the Thrift Savings Plan — the federal government’s retirement savings program — as a revenue source.
Do you ever worry about running out of money once you've retired? Senior Correspondent Mike Causey says it's not a problem for most federal workers.
Are you having recurrent nightmares about your Thrift Savings Plan? Senior Correspondent Mike Causey says the bad news is that you aren't dreaming.
Are you having recurrent nightmares about your Thrift Savings Plan? Financial planner Arthur Stein joins host Mike Causey to discuss investment strategies for your TSP account. September 9, 2015
The Office of Personnel Management made a small dent in its retirement claims backlog in August. The inventory dropped from 16,455 claims last month to 16,350.
Only the G Fund, which buys nonmarketable Treasury security, posted positive returns for August. The remaining Thrift Savings Plan funds posted negative numbers across-the-board.
Veterans Benefits Administration Under Secretary Allison Hickey told Federal Drive with Tom Temin that roughly 98,000 claims that are older than 125 days have been reduced to about 91,000. a sub-100,000 case milestone reached in late August.
NARFE's John Hatton and Katie Maddocks from the Federal Managers Association, join host Mike Causey to talk about some of the issues that Congress will tackle when it returns from its summer recess. September 2, 2015
Senior Correspondent Mike Causey has been checking the congressional calendar and he doesn't like what he sees.
Randy Silvey, wealth adviser and president of Silverlight Financial, contends federal employees don’t take enough control of their retirement planning and that impacts their future.
How you'll handle your retirement, and how your agency will handle it, depends where you're retiring from. The Housing and Urban Development Department, for example, is the first major agency to offer a phased retirement program. But the Social Security Administration is opting out of the program altogether. Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, tells In Depth with Francis Rose about a quiz that will help you decide whether you're ready to retire.
Unless your plan is to live off the land, you’ll probably need more money in retirement than you think, says Senior Correspondent Mike Causey.
For people in, or going into the military, the benefits programs — while excellent in some cases — are a mystery. Many people don't realize that members of the uniformed military services are eligible for the government's long term care insurance program.
After seemingly hibernating in the land of the lost, Uncle Sam's phased retirement program is popping up all over, says Senior Correspondent Mike Causey.