This time one year ago lobbyists who represent feds and retirees were quietly hoping that Congress would tear off only a couple of chunks from the embattled Federal Employees Retirement System. Then a funny thing happened on the way: Nothing.
A 15-year fed describes why he thinks the advice "spread your bets" should also be applied to taxes and the TSP options, not just investing and casinos.
Causey says President Donald Trump is keeping his promises to "drain the swamp" with a crackdown on federal unions, and aims to make the federal retirement plan more costly for workers and less valuable for retirees.
Obits can help you figure out how much money you are going to need for the years, maybe decades, after your regular paycheck stops. But your urge to live, have fun, travel, etc. continues.
Every day, we at Federal News Radio get calls or emails from readers and listeners who want to know the latest, the cost and the timetable for action regarding retirement changes. But we can't predict what’s going to happen,
The Trump administration wants to make the federal retirement plan more costly to workers and less valuable to retirees. But officials could probably "drain the swamp" of thousands of bureaucrats if they made the changes effective later rather than sooner.
When most people focus on millionaires in government they are talking about a relatively small number of super-rich political appointees. But there is a larger group who did it by saving and investing in the Thrift Savings Plan.
The Trump administration has submitted a legislative package that would, among other things, eliminate cost of living adjustments for current and future retirees. Will Congress pass it? Find out when NARFE Deputy Director for Advocacy John Hatton joins host Mike Causey on this week's Your Turn to discuss the president's proposals. June 6, 2018
Federal retirees in 1980 could establish a standard of living and keep it even during 14 percent inflation and 11-plus percent the following year. Now, the Trump administration has submitted a legislative package that would, among other things, eliminate cost of living adjustments for current and future workers retiring under the Federal Employees Retirement System.
Are you worried about the pay-more-get-less design changes Congress and the White House are considering for your Federal Employees Retirement System and Civil Service Retirement System plans?
The amount of money the White House is proposing to cut from federal workers' take-home pay and the future inflation protection benefits for retirees closely mirrors the balance of the F, I and S funds in the Thrift Savings Plan as of Dec 31.
If any of the Trump administration’s proposals to overhaul the federal pay and pension plans make it through Congress, thousands of federal workers might have to extend their tours of duty by as much as a decade to maintain their standard of living.
The Professional Managers Association is telling fed-postal-retirees to stay alert as federal retirement contribution changes are proposed by the Trump administration.
The Trump administration's plan to totally eliminate inflation protection for federal retirement, while requiring workers to pay more for smaller lifetime retirement benefits, is the ultimate deal-breaker for most people.
Federal News Radio explains each of OPM's proposed changes to the federal retirement system and details their outlook in Congress.