Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mitigating Insider Threats in Virtual & Cloud Environments
- Modern Mission Critical Series
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Monday - Friday, 6-9 a.m.
Host Tom Temin brings you the latest news affecting the federal community each weekday morning, featuring interviews with top government executives and contractors. Listen live from 6 to 9 a.m. or download archived interviews below.
Couple navigates FERS-CSRS retirement divide
Thursday - 12/13/2012, 6:12pm EST
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. They joined The Federal Drive with Tom Temin and Emily Kopp Thursday to talk about their retirement experience.
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.
Neal Schiff and Linda Habenstreit in the Federal News Radio studios.
Though they both began their federal careers before the modern FERS era, Schiff left government service for a job in the private sector in the early 1980s, returning after the new system went into effect. And because he had fewer than five years of creditable service, he was automatically funneled into the new system.
"It would have been nice (to return to CSRS), but as it turned out, I was put in FERS," Schiff said. "It's fine. It's worked out very well."
He said he thinks CSRS offers a better overall plan, but he understands why the promise of cost-savings led the government to create and adopt FERS for new employees.
Despite whatever confusion may arise because each half of the couple draws different retirement benefits, Habenstreit stressed that both consider themselves fortunate.
"We're very lucky to have worked in the federal government and have good annuities. They're both good programs," she said, citing the options they offer employees. For example, even though she is in CSRS, Habenstreit has made contributions to the TSP, she explained.
CSRS employees are able to make contributions to the retirement-savings accounts but are not eligible for a matching contribution from their agencies.
More from FERS: 25 Years Later