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Members of the House have doubts about the Labor Department's proposal to set a uniform benefit rate for FECA beneficiaries. A GAO study found that such propositions will decrease benefits to injured workers with dependents. FECA benefits would also align more closely with Federal Employees Retirement System (FERS) benefits once injured workers reach retirement age.
You don't have to be popping 50-plus vitamins or checking out the early-bird dinner special to be excited by the government's new phased retirement program, Senior Correspondent Mike Causey says. It has some potential benefits for both beginning feds and people in mid-career too.
Federal benefits expert Bob Braunstein will answer your questions about phased retirment. July 10, 2013
The idea of easing into retirement working three or four days a week is appealing to a lot of people. Now it is a reality for thousands of government workers, Senior Correspondent Mike Causey says. But does the new phased retirement program make sense for you? And are you even eligible?
OPM processed just 8,683 claims last month — about 2,800 fewer than it had initially expected to. That's the second month in a row OPM fell behind in processing monthly claims according to new OPM data. The agency was forced to eliminate overtime for employees in its Retirement Services operation at the end of April because of the automatic budget cuts.
NARFE legislative director Jessica Klement and Federal Times writer Stephen Losey, join host Mike Causey to talk about the self-plus-one health plan option and the chained CPI. July 3, 2013 (This show originally aired May 29, 2013)
The No. 1 complaint people have after retiring is how long it takes them to get the first full annuity payment. Depending on a lot of things it can take anywhere from a couple of months to more than a year.
There are some things that many of us only do once. That includes retiring and dying. So it pays to get it right the first time, Senior Correspondent Mike Causey says.
John Grobe, president of Federal Career Experts, will answer your calls and emails about possible changes to your pay and benefits package. June 26, 2013(This show originally aired June 12, 2013)
We've been hearing for a dozen years about the upcoming federal retirement tsunami, when thousands of baby boomers with years of technical expertise leave the federal service for the golf courses and RV parks of retirement communities. But timing the retirement wave can be tricky.
On this week's Your Turn program, Mike interviews Paul Forte with Long Term Care Partners and retirement expert Stan Hinden. (This show originally aired June 5, 2013.)
John Grobe, president of Federal Career Experts, will answer your calls and emails about possible changes to your pay and benefits package. June 12, 2013
The good news is that phased retirement is here at last. OPM has issued the draft regulations that will permit some people to transition into retirement. The not-so-good-news is that phased retirement isn't for everybody, Senior Correspondent Mike Causey says. You may want it, but does it want you?
The Office of Personnel Management's efforts to process retirement claims and reduce a longstanding backlog slipped last month, after the agency was forced to cancel employee overtime because of automatic budget cuts. OPM processed 10,954 claims in May, according to new data, 546 fewer than it had projected. That's only the third time in the past 16 months - since the agency rolled out a new plan for clearing the backlog — that OPM failed to hit its processing goal.