Retirement

  • A federal worker, who boxed in college and the Army, says in the last two years he\'s gone from a happy-go-lucky fed to feeling like he\'s fighting two opponents and the referee, Senior Correspondent Mike Causey say. So can this get any worse? Short answer, maybe.

    February 08, 2012
  • No matter what condition your hair is in, the vast majority of federal workers get a new wig every one, two or three years. But that may be about to change, Senior Correspondent Mike Causey says.

    February 07, 2012
  • Federal unions and some lawmakers have lambasted a proposed bill that would make changes to federal retirement benefits. The \"Securing Annuities for Federal Employees Act of 2012\" is set to go before the House Committee on Oversight and Government Reform Tuesday for a markup session, in which lawmakers will be able to introduce amendments.

    February 06, 2012
  • A new letter, signed by Sens. Mark Warner (D-Va.), Barbara Mikulski (D-Md.) and Ben Cardin (D-Md.), calls on the Office of Management and Budget to take on the \"urgent matter\" of processing federal retirements. The letter comes a week after a Senate subcommittee hearing in which the Office of Personnel Management was taken to task for its handling of the longstanding backlog.

    February 06, 2012
  • The overwhelmed retirement claims backlog at the Office of Personnel Management is only partly a technology problem. John Salamone, a managing consultant at FMP Consulting and the former executive director of the Chief Human Capital Officers Council, joined In Depth with Francis Rose to discuss the potential complications for OPM ahead.

    February 03, 2012
  • The Office of Personnel Management has a new strategy for tackling its backlog of 62,000 retirement applications. But, after 25 years of hearing such promises, lawmakers are skeptical. The Senate Homeland Security and Government Reform Subcommittee on Oversight brought agency director John Berry to Capitol Hill to explain why this strategy is different.

    February 02, 2012
  • Is a temporary pay freeze better than a permanent cut in your federal benefits package? Or are people ignoring the long-term effects of a \"temporary\" pay freeze, Senior Correspondent Mike Causey wonders.

    February 02, 2012
  • Host Mike Causey is joined by Tom Trabucco, director of external affairs for Federal Retirement Thrift Investment Board, and Federal Times senior writer Stephen Losey. February 1, 2012

    February 01, 2012
  • The Navy has announced it plans to offer early retirements, following a panel\'s decision last year that targeted nearly 3,000 sailors for separation. The Navy\'s temporary early retirement authority will only apply to sailors with 15 years of service, who were not selected for retention by the 2012 Enlistment Retention Board, according to a Navy administrative message laying out official guidance about the early retirements.

    February 01, 2012
  • Thanks largely to transfusions from outside retirement plans, Uncle Sam now has 208 employees with million-dollar Thrift Savings Plan accounts, Senior Correspondent Mike Causey says,and there\'s at least one person whose 401(k) plan is worth more than $4 million.

    February 01, 2012
  • The Office of Personnel Management\'s new strategy to catch up on its backlog of retirement claims will be vetted publicly during a hearing Wednesday of the Senate Homeland Security and Governmental Affairs Subcommittee on Oversight of Government Management.

    January 31, 2012
  • A number of self-proclaimed insiders, reporters, lobbyists, think tank residents and a select group of psychics think they know what what\'s going to be in the election-year survival kit for members of Congress, Senior Correspondent Mike Causey says ... and they say you are not going to like it.

    January 31, 2012
  • Tom Trabucco, joined In Depth with Francis Rose for an interview on all things TSP.

    January 30, 2012
  • The Pentagon has unveiled details of a 10-year strategy for defense cuts — including reductions in military pay and benefits. But before any large-scale changes are made, service members should be given a chance to voice their opinions of their compensation packages, the Center for Strategic and Budgetary, a prominent defense think tanks argues. \"The Pentagon is already starting to move to make changes in the compensation system,\" said CSBA senior fellow Todd Harrison. \"And basically our point here is before we start tinkering with things, before we start making changes we need to understand first how service members actually view different parts of their compensation package.\"

    January 27, 2012