Retirement
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Federal News Radio gleaned some interesting facts from retirement data recently released by the Office of Personnel Management. Take our quiz and test your knowledge of federal retirement.
August 13, 2015 -
Lots of federal workers think they would be better off as federal contractors, to which contractors say no way. Senior Correspondent Mike Causey says they each have a point, up to a point.
August 13, 2015 -
More people seem to be delaying retirement. Senior Correspondent Mike Causey says the real question is will you ever be able to retire or is this as good as it gets?
August 12, 2015 Tammy Flanagan with the National Institute of Transition Planning joins host Mike Causey to discuss what you should consider as you plan your retirement from the federal government. August 12, 2015
August 11, 2015-
Did you ever wonder why some government workers get teary-eyed when they talk about their jobs? Senior Correspondent Mike Causey thinks he's got the answer and it's not pretty.
August 11, 2015 With two months to go in the COLA countdown for January 2016, it appears unlikely retirees will get any adjustment next year. The CPI-W will be announced later this month, but all indications say there won't be a COLA in January, says Senior Correspondent Mike Causey.
August 10, 2015-
Premiums are going up for new enrollees to the Federal Long Term Care Insurance Program. The average increase is about 30 percent — but it depends on your age and your policy. Tammy Flanagan is senior benefits director for the National Institute of Transition Planning. She tells In Depth with Francis Rose that price hikes to the long term care insurance are just one example where your expenses during retirement might be higher than you expected.
August 07, 2015 -
Sens. James Lankford's (R-Okla.) and Heidi Heitkamp's (D-N.D.) retirement fraud reduction bill made it through the Senate on Wednesday. The bill criminalizes misusing federal retirement funds as a felony.
August 07, 2015 When they retire (or not) and hit age 65, federal workers have an important and expensive decision to make: if they should they buy Medicare Part B coverage, says Senior Correspondent Mike Causey.
August 06, 2015The Office of Personnel Management's retirement backlog spiked in July with more claims filed than expected and no way to process them fast enough. Its the first month the inventory hasn't seen a decrease since February.
August 05, 2015-
If you have a long-term care insurance policy, pat yourself on the back. If not, you may have just been dealt a kick in the assets, says Senior Correspondent Mike Causey.
August 05, 2015 Federal benefits expert John Elliot joins host Mike Causey to discuss how you should plan your retirement from the federal government. August 5, 2015
August 04, 2015-
Getting your money out of your Thrift Savings Plan account could get easier in the future. The Federal Retirement Thrift Investment Board approves the pursuit of changes to withdrawal options for TSP participants. Kim Weaver is director of external affairs at the Federal Retirement Thrift Investment Board. She tells In Depth with Francis Rose why the TSP wants to make the change.
July 28, 2015 -
At its monthly meeting on Monday, the Federal Retirement Thrift Investment Board made two decisions that could have a big impact for federal employees participating in the Thrift Savings Plan.
July 28, 2015 -
Fewer than 70 percent of retirement claims are processed in less than 60 days at the Office of Personnel Management, and estimating just how much you'll get in retirement benefits can take a long time. Tammy Flanagan is the Senior Benefits Director for the National Institute of Transition Planning. She says it's smart to have an idea about what your benefits will look like long before leaving. She tells In Depth with Francis Rose about the eight most common reasons why your retirement estimate might be inaccurate.
July 24, 2015