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Retirement
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After years of false alarms about benefit cuts and a brain drain, things are starting to happen, Senior Correspondent Mike Causey says. The federal retirement program may be the next casualty.
May 01, 2012 -
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Registered employee benefit consultant Ed Zurndorfer joined The Federal Drive with Tom Temin and Emily Kopp to explain this provision, and other proposals that Congress is considering that impact your wallet.
April 27, 2012 -
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The deadline to apply is Monday for airmen eligible for the Temporary Early Retirement Authority.
April 27, 2012 -
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For years, federal and postal workers have benefited from congressional gridlock. Efforts to cut benefits, or force people to pay more for them, were often blocked by partisan wrangling. But where your pension is concerned, the good old days may be over, Senior Correspondent Mike Causey says.
April 27, 2012 -
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The House Oversight and Government Reform Committee is marking up legislation today that would increase federal employees' contributions to their pension by 5 percent over five years.
April 26, 2012 -
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Host Mike Causey will talk about the top federal stories with Federal Times reporters Stephen Losey and Sean Reilly. April 25, 2012
April 25, 2012 -
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Feds who retire with special skills and top-secret clearances often move into top jobs on Wall Street, with credit card companies or even back in government, Senior Correspondent Mike Causey says. But for those stripped of their clearances, life after Uncle Sam may mean a security guard job at a box store ...
April 25, 2012 -
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An amendment to a Senate bill aiming to restructure the U.S. Postal Service's financial framework would institute new agency reporting requirements for retiring federal workers in anticipation of a "deluge of retirees" from USPS. Sens. Mark Warner (D-Va.) and Barbara Mikulski (D-Md.), introduced an amendment last week that requires the Office of Personnel Management to take new steps to chip away at the longstanding backlog of federal retirement claims.
April 23, 2012 -
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Recent data from the Office of Personnel Management suggests that the long-predicted retirement tsunami of federal employees may have started. As more and more baby boomers opt to retire, a vacuum of knowledge and experience is being left behind at many agencies. Some federal managers are now scrambling to figure out ways to ride out the wave.
April 19, 2012 -
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In a rare bipartisan move, the House oversight committee voted to bring a bill allowing phased retirements of federal employees to the floor for a general vote.
April 19, 2012 -
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It could be a long time before federal workers see another January pay raise. But for retirees, things are looking up.
April 17, 2012 -
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Economist Dave Redden tells For Your Benefit that young people just starting in the federal service stand to gain the most from tax-free funds in retirement.
April 16, 2012 -
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Congress returns to session this week with a few short months to reach a budget resolution for the new fiscal year starting Oct. 1 and agree on how to avoid the automatic spending cuts of $1.2 trillion over the next decade that will be triggered Jan. 2, 2013, under the Budget Control Act debt limit deal. But don't expect much to get accomplished before the election, say budget experts.
April 16, 2012 -
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The Roth option for the Thrift Savings Plan, which was announced earlier this week, will be delayed for employees in the Defense Department and other agencies. Originally set for a May 7 launch, members of the military may have to wait as late as October to choose the option.
April 13, 2012
