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Open season is upon us. That's the annual period when federal employees get the chance to change their health plans. Senior Correspondent Mike Causey says the vast majority of them -- 96 percent -- don't take advantage of this opportunity and may be losing out on considerable savings.
Health plan expert Walton Francis says that about half of all federal employees are paying too much for heath care. Now that it's Open Season, feds have a chance to turn that around.
In a letter to the Congressional Budget Office director, Reps. Darrell Issa (R-Calif.) and Paul Ryan (R-Wis.) expressed their interest to revamp the Federal Employees Retirement System (FERS). NTEU president Colleen Kelley said the reforms would simply raise costs for federal workers.
The predicted "tsunami" of federal retirees may or may not come. Regardless, if you're planning to retire, you should still take steps to ensure financial security while your retirement is processed, says Federal News Radio's Mike Causey.
Turbo-charged customer service and some more customized services may be available to Thrift Savings Plan investors in the future. Greg Long, the executive director of the TSP, says the TSP may provide these services -- since they see participants taking all their money out of their accounts when they retire. Federal News Radio Reporter Emily Kopp tells In Depth with Francis Rose what Greg Long is most worried about.
After several months of a declining number of federal employees filing for retirement, the Office of Personnel Management received 2,300 more retirement claims than it expected to for the month of October.
Young feds are too passive; older feds too hasty with their retirement savings, according to Greg Long, executive director of the Federal Retirement Thrift Investment Board. He spoke at a meeting Wednesday of the Financial Literacy and Education Commission.
Do yourself a favor and think about getting some Long Term Care insurance, says Senior Correspondent Mike Causey. Your family will thank you.
All TSP funds, except for the I fund, posted positive results for the month of October, according to the Federal Retirement Thrift Investment Board.
Maryland Congressman Frank Wolf and Janet Kopenhaver with Federally Employed Women join host Mike Causey to talk about what's ahead for Congress and feds. October 29, 2014
Larry Fink, chief executive officer of BlackRock, spoke at a meeting Monday of the Federal Retirement Thrift Investment Board, which administers the Thrift Savings Plan.
Facing pay freezes, cost of living increases and hikes in retirement payments, some feds may wonder if its worth going to work these days, says Senior Correspondent Mike Causey.
Women of Washington radio show hosts Aileen Black and Gigi Schumm talk to Brenda Sulick, director of the Eleanor's Hope project at the National Committee to Preserve Social Security and Medicare.
Don't worry. That mournful sound you're hearing is just federal, military and Social Security retirees reacting to the low cost of living adjustment they'll be receiving come January, says Senior Correspondent Mike Causey.