Do you know anybody in your office or agency who belongs to the secret KMA Club? It's an ancient and secretive society whose members can be aroused by sacred phrases, such as buyouts and early retirement, Senior Correspondent Mike Causey says.
There was a time when no self-respecting federal worker would take an offer to retire early unless it was accompanied by a $25,000 buyout. But after two-plus years of a pay freeze and furloughs in the forecast, attitudes may have changed, Senior Correspondent Mike Causey says.
Active-duty and reserve soldiers with between 15 and 20 years of service could be eligible for early retirement, the Army announced this week. The service is offering temporary early retirement authority (TERA) to military officers who have not been selected to move on to the next grade as well as noncommissioned officers identified by selection boards for involuntary separation. The service aims to shed 80,000 soldiers from its active component by the end of 2017.
Avue Technologies Co-CEO Linda Rix, joins host Derrick Dortch to talk about what's ahead for federal human resources managers. August 10, 2012
While some federal agencies are offering buyouts ranging from $15,000 to $25,000, the giant Social Security Administration is trying a new approach: No Cal buyouts. Senior Correspondent Mike Causey says if they catch on, your agency may be next.
August is hot in DC, Atlanta, Houston, St. Louis and Cincinnati and lots of other places too. But those of us inside the Beltway get a break you don't...that's because for the next month...until after Labor Day, tens of thousands of the people who at times make this such a toxic town are away — back with the folks who sent them here in the first place.
This year and the next could set a new record for federal retirements. Senior correspondent Mike Causey says that's good news if you are stuck on your agency's promotion ladder, but not so good news if it means finding a cookbook for ways to prepare cat food.
It seems like every week another agency is offering employee buyouts and early retirements. But they're not designed to make you rich. So how do you decide when a buyout is right for you? The Federal Drive spoke with registered employee-benefits consultant Ed Zurndorfer to get some answers.
The buyouts and early retirements apply to billing and collection jobs in 11 regional health care networks. They are part of VA\'s initiative to consolidate accounting activities.
Would you take a buyout if the boss offered you one? You might want to decide now because if and when an offer comes, it won\'t be on the table very long, Senior Correspondent Mike Causey says.
The Partnership for Public Service\'s new report warns the United States \"must not repeat the mistakes of the past\" with automatic across-the-board cuts.