FERS
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A new bill introduced by a trio of Republican senators would end the defined benefit portion of FERS coverage for new federal employees hired within six months of the bill's passage. Sponsors of the bill say the Public-Private Employee Retirement Parity Act would align federal retirement benefits more closely with those earned in the private sector.
November 15, 2013 -
Several hundred thousand federal workers, from Defense to the IRS and OPM are still wearing golden handcuffs, which many are trying to shed. They include some of Uncle Sam's best, brightest and most experienced people, says Senior Correspondent Mike Causey.
August 09, 2013 -
The House approved a bill Thursday requiring federal employees to contribute more toward their retirement as part of a broader deal to avert the the so-called fiscal cliff. The 2012 Spending Reduction Act is nearly identical to a measure passed by the House last spring.
December 20, 2012 -
As part of the special series, FERS: 25 Years Later, Federal News Radio welcomed to its studios a retired federal couple, Neil Schiff and Linda Habenstreit who represent the federal retirement divide. When Schiff retired from the FBI's Office of Public Affairs, he was a FERS enrollee. His wife, a long-time public affairs specialist in the Agriculture Department's Foreign Agricultural Service, was covered by CSRS.
December 13, 2012 -
In the 25 years since the Federal Employees Retirement System went into effect, much has changed when it comes to federal retirement. Tom Trabucco, the former longtime director of external affairs at the Federal Retirement Thrift Investment Board, and Judy Park, the former legislative director of the National Active and Retired Federal Employees (NARFE) Association, joined Your Turn with Mike Causey for a look back at the creation of FERS and how it has evolved over the years.
December 12, 2012 -
Arthur Stein, a financial planner and former federal manager, told The Federal Drive with Tom Temin and Emily Kopp Wednesday that FERS has been a boon for feds, both young and old.
December 12, 2012 -
Dr. A. Hunter Fanney talks about a house the NIST Engineering Lab is using to study green technologies. Dr. Cheryl Martin discusses the Energy Department's recent round of grants to foster new technology. Financial Planner Arthur Stein discusses the impact of FERS over the last 25 years. Pete Kasperowicz of The Hill newspapers reviews upcoming legislation on Capitol Hill.
December 12, 2012 -
Tom Trabucco, the former long-time director of external affairs for the Federal Retirement Thrift Investment Board, said legislative changes to the federal retirement system made by Congress a quarter-century ago actually succeeded in achieving its goals and serve as a reminder of what can be accomplished when something big needs to be done and key leaders step up to the line.
December 12, 2012 -
Currently, more than 70 percent of postal craft employees have already reached the top of their pay scale, according to the USPS Office of the Inspector General.
October 17, 2012 -
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.
August 06, 2012 -
Janet Kopenhaver, Washington representative for Federally Employed Women, will talk about the impact of some bills pending in Congress that affect federal employees. July 18, 2012
July 18, 2012 -
A new inspector general audit revealed that the Postal Service has overfunded its pension benefit obligations by nearly 105 percent. While this might seem to be good news for the cash- strapped agency, legislative action will be required for USPS to get back the $13.1 billion surplus it paid into its employees' pensions.
June 26, 2012 -
Worried about another pay freeze next year? Thinking about retiring to get a cost of living adjustment? Timing is everything, and for some people its already too late, Senior Correspondent Mike Causey says.
April 06, 2012 -
A plan to cut the Postal Service\'s costs so it can stay in business has passed the Senate Homeland Security and Governmental Relations Committee. Majority Leader Harry Reid has promised a vote on the Senate floor as soon as possible, according to committee leaders.
November 09, 2011 -
Senators announced a bipartisan plan Wednesday to help keep the financially ailing Postal Service solvent while offering incentives to trim its workforce.
November 02, 2011