The White House's proposal would eliminate a long-time benefit which provides “gap” payments to employees, like federal firefighters, forced to retire as early as age 57.
One of the great fears of people planning for retirement is running out of, or low on money while they are still breathing.
While there are some really dangerous federal jobs, including law enforcement officers, firefighters and prison personnel, even the 9-to-5 office positions are pretty scary now.
In what’s become the administration’s evergreen budget plan, the White House has again proposed that federal workers kick in more of their salary toward their retirement plan in return for smaller lifetime annuities that are frozen when they retire.
No one gets paid what they deserve. But everyone deserves a little stability.
President Donald Trump's proposed 1% across-the-board federal pay raise is an attempt to meet Congress "halfway" on the topic, as the administration also recommended more agency funding on employee performance rewards and bonuses.
NARFE president Ken Thomas says last year's White House budget proposal “breaks promises to both current and future retirees."
Many people decided to ride out the Great Recession so they could miss the downside and return to the TSP's C, S and I stock funds when things got better. Eleven years later, some still haven’t returned.
Federal workers this month are getting a 3.1% total pay and federal-postal retirees are getting a 1.6% cost of living adjustment.
To protect their annuities from the ups and downs of the stock market, many active and most retired federal-postal workers have a major chunk of their Thrift Savings Plan account in the Treasury securities G fund.
Only about 12,300 service members will receive cost of living adjustments in 2020.
In today's Federal Newscast, the Thrift Savings Plan wants to change the rate it currently uses to calculate some annual cost of living adjustments.
White collar federal civil servants are on track to get a 3.1% pay raise next year — the largest in a decade for 1.2 million civil servants.
Most experts would say it depends on your age, when you plan to retire, and, very important, your risk tolerance.
Is the government using the wrong measuring tool to track inflation and thus producing the wrong cost of living adjustments?