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9:44 pm, November 23, 2014

Benefits News

Retiree COLAs: Is bigger always better?

When it comes to cost-of-living adjustments for retirees, bigger is always better, right? Or is it? Either way, some changes may be coming in the way the government tracks inflation, Senior Correspondent Mike Causey says.

Wednesday - 10/16/2013, 02:00am EDT

TSP's multimillion-dollar plan calls for more customized experience

The Federal Retirement Thrift Investment Board kicked off this week a multimillion-dollar plan to revamp the Thrift Savings Plan. The $2.3 million initiative, which was approved by board members last month, calls for TSP officials to broadly survey participants on the services and offerings they desire as well as how the TSP stacks up against other plans, including those in the private sector.

Tuesday - 10/15/2013, 11:14am EDT
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Estimates point to slight COLA hike

Preliminary figures suggest next year's benefit increase will be roughly 1.5 percent, according to an analysis by The Associated Press. The increase will be small because consumer prices, as measured by the government, haven't gone up much in the past year.

Monday - 10/14/2013, 12:35pm EDT

Shutdown delays COLA announcement

Millions of federal retirees will have to wait to find out the size of next year's cost-of-living adjustment. The Labor Department says it won't report inflation statistics on time this month, which will delay the Social Security Administration's COLA calculation.

Friday - 10/11/2013, 01:11pm EDT

Obama signs bill to pay military death benefits

Amid controversy, Obama signs bill to pay military death benefits during government shutdown

Friday - 10/11/2013, 06:00am EDT

GOP Lawmakers lambaste DoD over shutdown furloughs

Nearly all of the Defense Department's civilians are now working, despite the government shutdown. Many members of Congress believe none of those civilians should have been furloughed to begin with. DoD remains unsure how to address contractors under the Pay Our Military Act.

Friday - 10/11/2013, 04:07am EDT
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Financial planning tips for furloughed feds

Tammy Flanagan, Karen Schaeffer, and Bob Leins discuss what furloughed federal workers should be doing to protect their financial assets.
October 14, 2013

Thursday - 10/10/2013, 07:09pm EDT
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Fed groups get in front of COLA calculation debate

The National Active and Retired Federal Employees Association, the Military Officers Association of America, the American Foreign Service Association and others rally against any potential or real proposals to change how the government calculates cost of living adjustments. The groups propose using the CPI-E formula to measure the impact of inflation on retirees, veterans and others.

Thursday - 10/10/2013, 05:57am EDT
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Protecting your TSP account during the shutdown

Certified financial planner Arthur Stein will provide tips on how to protect your retirement nest egg, and Federal Times Senior Writer Sean Reilly will give us the latest on the government shutdown.
October 9, 2013

Wednesday - 10/09/2013, 08:06pm EDT
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VA chief: Shutdown could hit millions of vets

VA secretary says millions of veterans would be hit by shutdown extending into late October

Wednesday - 10/09/2013, 12:40pm EDT

Learn more about your TSP

Greg Long, executive director of the Federal Retirement Thrift Investment Board, and Kim Weaver, the TSP's director of External Affairs will answer your calls and emails about the TSP.
October 7, 2013

Monday - 10/07/2013, 07:43pm EDT
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How will the shutdown affect feds' benefits? 4 things to consider

Many feds are also confused and concerned about how the shutdown -- especially if it's prolonged -- will affect their benefits. Federal News Radio dug through guidance provided by the Office of Personnel Management and other agencies and consulted with the experts to bring you some of the answers to the most-asked questions.

Thursday - 10/03/2013, 04:03pm EDT

OPM final rule: Lawmakers, staff eligible for gov't contribution in exchanges

The Office of Personnel Management has made it official: Lawmakers and their staff members are required to purchase health insurance from one of the Affordable Care Act's health-insurance exchanges --but the government will still contribute toward their premiums. OPM issued the final rule, which goes into effect immediately, Wednesday.

Wednesday - 10/02/2013, 04:47pm EDT

USPS says overhauling health benefits key to postal reform

The cash-strapped U.S. Postal Service says it can return to being profitable and begin to pay down its debt if Congress gives it the authority to overhaul its health benefits structure. Postmaster General Pat Donahoe told the Senate Homeland Security and Governmental Affairs Committee Thursday that launching a postal-specific health care plan would help save the agency $8 billion annually through 2016.

Thursday - 09/26/2013, 05:45pm EDT

Health premiums up 3.7 percent -- or is that 4.4 percent?

Health insurance premiums on average are going up next year. While the increase isn't as high as many experts predicted it will still be a jolt to feds who have been on a pay raise diet for the past three years, Senior Correspondent Mike Causey says. Then there is the question of whether that "average" increase is 3.7 percent or more like 4.4 percent?

Thursday - 09/26/2013, 02:00am EDT

Federal health premiums to rise 3.7 percent in 2014

Health premiums for federal employees are going up an average of 3.7 percent, according to the Office of Personnel Management. Postal Service employees, who separate negotiating rights over premiums, will see, on average, a 3.8 percent increase.

Tuesday - 09/24/2013, 11:36am EDT

TSP board updates rules to recognize same-sex marriages

Updated Thrift Savings Plan regulations would allow the same-sex spouse of a TSP participant to collect death benefits as long as they were married in a state that recognizes same-sex unions, regardless of where they live currently.

Friday - 09/20/2013, 06:51pm EDT

Investigators: 36k got improper disability pay

Congressional investigators: 36,000 workers got $1.3 billion in improper disability payments

Monday - 09/16/2013, 05:40am EDT

Furloughs, layoffs and health premiums

Greg Stanford, director of government affairs for the Federal Managers Association, and Federal Times Senior Writer Sean Reilly will discuss furloughs, layoffs, and other issues affecting federal workers.
September 11, 2013

Wednesday - 09/11/2013, 09:30pm EDT
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Getting a head start on the retirement process

Hosts Bob Leins and Tammy Flanagan offer advice on what you need to do if you are planning to retire in the next few months.
September 9, 2013

Tuesday - 09/10/2013, 12:11am EDT
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