Retirement

  • The Office of Personnel Management recently filed two proposals to change how feds enroll in the Federal Employee Dental and Vision Insurance Program and to expand the regulations of the Federal Employees' Group Life Insurance.

    January 02, 2014
  • One of the toughest, most important decisions, any worker ever makes is when to call it quits. Even people who are sick, tired or hate their jobs find it difficult to let go. Will it work financially, and emotionally? What happens next? Today's guest column is No. 3 in our five-part series. These are from real people, some like you maybe, who have been there-done-that-got-the-T-shirt. Today's guest columnist, Connie Hendryx, spent a long (mostly happy) time with Uncle Sam. She advises people how to prep for retirement.

    January 02, 2014
  • When deciding to retire there is one day, but lots of different dates, that is best for you, Senior Correspondent Mike Causey says. How do you figure out the difference?

    December 31, 2013
  • In the second guest column in a series of five written by Federal Report readers, a federal old-timer shares his thoughts on the workforce and being a political punching bag as he prepares to retire.

    December 27, 2013
  • Buyouts were a big deal over the last couple of years, but now they seem to have gone away, Senior Correspondent Mike Causey says. Or gone underground. Are you hearing anything about buyouts?

    December 24, 2013
  • Lawmakers in districts with large constituencies of federal employees are signaling their support for the bipartisan budget deal announced Tuesday even though it would require new federal workers to contribute a greater share of their paychecks to their retirement benefits. The alternatives -- another government shutdown or a second year of the steep across-the-board sequestration cuts -- would have been worse, they argue.

    December 11, 2013
  • On this week's Your Turn radio show, host Mike Causey examines what's in the most recent budget deal that will impact feds.

    December 11, 2013
  • If the proposed budget deal becomes law, new federal workers will see a total of 10.6 percent of their salaries automatically withheld from their paychecks to cover their retirement benefits. That could lead to them contributing less or not at all to their voluntary Thrift Savings Plan accounts, experts said.

    December 11, 2013
  • Newly hired federal workers will be required to contribute more toward their pensions and some military retirees will see smaller cost-of-living adjustments under a budget deal announced by Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.) Tuesday evening. The budget deal, which sets funding levels for the next two years, eases some of the bite of the automatic spending cuts, known as sequestration. The pact restores about $63 billion to agency spending through the end of fiscal 2015, split about evenly between Defense and civilian agencies.

    December 11, 2013
  • When you approach a swimming pool for the first time, do you dive straight in or dip your toe first to test the waters? Before you retire, Senior Correspondent Mike Causey says, wouldn't it be nice to have the toe-dipping option?

    December 11, 2013
  • Like many agencies, National Park Service is facing many challenges during tight budgetary times. Chief among NPS' challenges is how to train its next generation of leaders.

    December 09, 2013
  • Lawmakers, who face a self-imposed Friday deadline to come up with a fiscal 2014 budget plan, appear to be making progress toward a limited deal that would stave off another shutdown and give agencies the certainty of funding for the remainder of the year.But lawmakers with districts surrounding Washington, D.C. are preemptively speaking out against any proposal that, in their words, would "throw federal employees under the bus." Rep. Frank Wolf (R-Va.), says that too often in the past federal employees' pay and benefits have "been used as pawns in budget negotiations."

    December 09, 2013
  • When deciding to retire there is one day, but lots of different dates, that is best for you, Senior Correspondent Mike Causey says. How do you figure out the difference?

    December 09, 2013
  • The two employee unions say lawmakers shouldn't make up for sequestration cuts by forcing federal employees to contribute more to their retirement. House and Senate legislators are working on a small-scale budget deal that reportedly includes a provision to alter federal retirement benefits.

    December 06, 2013