Pray for political inertia
What if we elected a Congress that fought all the time, couldn't agree on anything and where Democrats could hardly stand to be in the same building as Republicans, and vice versa? Well, fortunately, for federal workers we may have done that, and it could save you from taking a major pay cut over the next five years, Senior Correspondent Mike Causey says.
Retirement tsunami: On or off?
The number of federal workers who retired last year was up big-time. Many experts thought the long-awaited retirement tsunami was upon us, Senior Correspondent Mike Causey says. Until last month when it slowed dramatically. So what does that mean for you?
The ABC's of the TSP
Hosts Bob Leins and John Elloitt discuss the Roth TSP and whether the plan is right for you.
May 7, 2012
Federal pension hike advances as part of House alternative to automatic cuts
A plan to avoid automatic cuts to discretionary federal spending, including the Defense Department's, advanced in the House, passing the budget committee and heading to the House floor for a vote later this week. Among the $300 billion in alternative cuts approved by the committee, in a 21-9 party-line vote, is a provision requiring federal employees to pay more for their retirement benefits.
5 things feds should know about Roth TSP
The Thrift Savings Plan's Roth option rolls out today. The Federal Retirement Thrift Investment Board has been preparing for the new program for two years now, but despite the big push today many federal employees will actually have to wait to enroll in the new program. One of the largest federal payroll processors needs more time to upgrade its systems in preparation for the Roth option. Find information about which agencies are affected, as well as the five things feds should know about the Roth TSP below.
April retirement claims lower than expected, OPM says
6,600 federal employees filed retirement claims in April — 1,400 less than what was projected for the month by the Office of Personnel Management.
Retirement wave and more
Federal News Radio's Julia Ziegler and Jolie Lee and Sean Reilly of the Federal Times will discuss a wide range of issues affecting workers in the federal government.
May 2, 2012
TSP returns stall in April
Thrift Savings Plan figures, which had been in an upward climb, appear to have stalled in April, with seven of the 10 funds finishing in the red last month
Zombie government
Would changing federal retirement rules trigger a mad rush to retirement? Or would it turn the government into an institution run by tired, over- the-hill zombies, Senior Correspondent Mike Causey wonders ... kind of like Congress.
Feds satisfied with TSP, survey finds
Of the more than 8,200 respondents, 86 percent were satisfied with TSP, according to the survey by the Federal Retirement Thrift Investment Board.
This is not a drill!
After years of false alarms about benefit cuts and a brain drain, things are starting to happen, Senior Correspondent Mike Causey says. The federal retirement program may be the next casualty.
Estate planning
Estate planning specialist Marc Levine provides tips on how to prepare for your family's financial future.
April 30, 2012
Provision to transfer leave to TSP one step closer to law
Registered employee benefit consultant Ed Zurndorfer joined The Federal Drive with Tom Temin and Emily Kopp to explain this provision, and other proposals that Congress is considering that impact your wallet.
Air Force offers early outs to 250 airmen
The deadline to apply is Monday for airmen eligible for the Temporary Early Retirement Authority.
Pensions to feel bipartisan bite
For years, federal and postal workers have benefited from congressional gridlock. Efforts to cut benefits, or force people to pay more for them, were often blocked by partisan wrangling. But where your pension is concerned, the good old days may be over, Senior Correspondent Mike Causey says.
House committee OKs legislation to increase feds' pension contributions
The House Oversight and Government Reform Committee is marking up legislation today that would increase federal employees' contributions to their pension by 5 percent over five years.
All things federal
Host Mike Causey will talk about the top federal stories with Federal Times reporters Stephen Losey and Sean Reilly.
April 25, 2012
Wall Street or Walmart: What's in your future?
Feds who retire with special skills and top-secret clearances often move into top jobs on Wall Street, with credit card companies or even back in government, Senior Correspondent Mike Causey says. But for those stripped of their clearances, life after Uncle Sam may mean a security guard job at a box store ...
How to know if you'll be happy in retirement
Career coach Mike Townshend talks about what feds should think about as they plan for their retirement.
April 23, 2012
Postal bill amendment seeks to cut backlog ahead of USPS retirement 'deluge'
An amendment to a Senate bill aiming to restructure the U.S. Postal Service's financial framework would institute new agency reporting requirements for retiring federal workers in anticipation of a "deluge of retirees" from USPS. Sens. Mark Warner (D-Va.) and Barbara Mikulski (D-Md.), introduced an amendment last week that requires the Office of Personnel Management to take new steps to chip away at the longstanding backlog of federal retirement claims.




