Retirement News 
Top News
- Hagel: Accountability breakdown a leading factor in sexual assaults
- PHOTOS: Meet the 2013 Service to America Medal Finalists
- SES bonuses under fire at GSA, other agencies
- Next-gen Apple devices cleared to join Defense IT networks
- VA's Gould moves the needle on many of VA's toughest challenges
- ODNI's Liberty Crossing complex closed today
- Causey: Saintly media vs. government devils
- White House wants to root out copycat programs - starting with STEM
- Treasury officials told of IRS probe in June 2012
- Hagel makes 'difficult choice,' civilian furloughs to begin July 8
- Obama appoints Danny Werfel acting IRS head
- House bill protects homeland security budget
- Intelligence Community free from furloughs
- OMB fuels the passion, synergy between mobile, open data
House to vote on partial retirement for feds
In a rare bipartisan move, the House oversight committee voted to bring a bill allowing phased retirements of federal employees to the floor for a general vote.
And you're still working because...
It could be a long time before federal workers see another January pay raise. But for retirees, things are looking up.
The TSP program and the new federal employee
Economist Dave Redden joins host John Elliot to talk about investment options for federal employees.
April 16, 2012
Economist: Roth TSP a good deal for young feds
Economist Dave Redden tells For Your Benefit that young people just starting in the federal service stand to gain the most from tax-free funds in retirement.
Congress returns to packed budget agenda, tight deadlines
Congress returns to session this week with a few short months to reach a budget resolution for the new fiscal year starting Oct. 1 and agree on how to avoid the automatic spending cuts of $1.2 trillion over the next decade that will be triggered Jan. 2, 2013, under the Budget Control Act debt limit deal. But don't expect much to get accomplished before the election, say budget experts.
Roth TSP rollout delayed for DoD, other agencies
The Roth option for the Thrift Savings Plan, which was announced earlier this week, will be delayed for employees in the Defense Department and other agencies. Originally set for a May 7 launch, members of the military may have to wait as late as October to choose the option.
The worst year to retire?
The combination of buyouts, a surge in baby boomer retirements and a hostile Congress may make this the worst year, maybe ever, to consider retiring, Senior Correspondent Mike Causey says.
Retirement: Cancun or the Titanic?
This year and the next could set a new record for federal retirements. Senior correspondent Mike Causey says that's good news if you are stuck on your agency's promotion ladder, but not so good news if it means finding a cookbook for ways to prepare cat food.
Saving big bucks, the GSA scandal, and more
Allan Roth of CBS MoneyWatch and Federal Times reporters Andy Medici and Steve Losey join host Mike Causey on today's program.
April 11, 2012
Roth TSP set for May 7 launch
The Roth option for the Thrift Savings Plan, which will allow federal employees to contribute after-tax dollars toward their retirement-savings accounts, will launch May 7, the Federal Retirement Thrift Investment Board announced today. The board, which first began planning the Roth TSP in June 2009 when it was authorized, made the announcement at its quarterly meeting of TSP coordinators.
OPM retirement backlog falls 14 percent as agency surpasses monthly goals
The Office of Personnel Management has consistently made progress processing retirement claims since the start of the calendar year, even as federal employees continue to retire in higher-than-projected numbers. In each of the first three months of the year, OPM surpassed its processing goal, according to OPM data released last week.
How can you tell if a federal buyout is a good deal?
It seems like every week another agency is offering employee buyouts and early retirements. But they're not designed to make you rich. So how do you decide when a buyout is right for you? The Federal Drive spoke with registered employee-benefits consultant Ed Zurndorfer to get some answers.
USDA takes direct approach to managing workforce, reducing costs
Billy Milton, chief human capital officer at the USDA, tells The Federal Drive with Tom Temin and Emily Kopp about the Agriculture Department's successful approach to managing its workforce in tough budgetary times.
Retiring - the only way to get ahead?
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.
Divorce, federal style
Why is it that some federal workers will never retire? They plan to work till they drop, Senior Correspondent Mike Causey says. Is it love of the job, patriotism, friends at work or is it the ex-spouse lurking out there?...
Fed haven for mad money
If you have a stash of cash and you want to park it in one of the safest, most generous places around, where do you go? Tip: It isn't the Thrift Savings Plan, Senior Correspondent Mike Causey says.
March TSP returns continue 2012 climb
Thrift Savings Plan figures continued to climb in the early months of 2012, as nearly all funds posted positive numbers for the month of March and for the year. Only the F Fund dipped into the negative at the end of the month.
House Dems' budget plan not mirror of President's, Van Hollen says
The House Democrats' budget proposal is the most fed-friendly of the plans put forth for fiscal 2013.
Senate bill seeks to reform Senior Executive Service
Sen. Daniel Akaka (D-Hawaii) introduced the Senior Executive Reform Act, which would link the General Schedule with the pay system for senior executives and let senior executives include their performance bonuses in their retirement calculation.
House OKs GOP budget plan, including pay freeze extension, pension changes
After rejecting a bipartisan compromise and President Obama's budget Wednesday, the House prepares to vote on a Republican plan that calls for an extension of the federal pay freeze through 2015, increased federal retirement contributions and a reduction of the federal workforce by 10 percent.
