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4:16 am, September 1, 2014

Pay and Benefits News

House Dems, employee groups want Obama to chuck chained CPI

More than 100 members of the House and a dozen outside groups have signed on to a letter to President Barack Obama from Rep. Allyson Schwartz (D-Pa.) requesting that the upcoming White House budget not include a proposal to alter the way retirees' cost-of-living adjustments are calculated. The National Active and Retired Federal Employees Association, the American Federation of Government Employees and the Military Officers Association of American have signed on in support of the letter.

Wednesday - 02/19/2014, 02:58pm EST

Whom can you trust?

Marc Levine, of Handler and Levine LLC, offers advice on how to choose your trustees, powers of attorneys and executors.
February 17, 2014

Monday - 02/17/2014, 09:24pm EST
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Obama signs debt ceiling measure into law

Obama signs debt ceiling, military cost of living benefits measures into law

Monday - 02/17/2014, 04:10am EST

Buyouts: From off-the-rack to tailor made

Now that early-outs and buyouts are popping up in various agencies, the obvious question, for younger and older workers is: What's in it for me? Unlike the one-size fits all buyouts of the 1990s, the new version is tailor-made to individual groups, grades and regions, Senior Correspondent Mike Causey says.

Friday - 02/14/2014, 02:00am EST

Congress clears bill ending military pension cuts

Congress passes bill reversing cuts to military pensions

Thursday - 02/13/2014, 11:24am EST

Obama raises minimum wage for contract workers

President Barack Obama increased the minimum wage for a few hundred thousand federal contractors on Wednesday.

Thursday - 02/13/2014, 03:02am EST

House bill would make it easier to fire senior execs at VA

The VA Management Accountability Act would give VA Secretary Eric Shinseki broad authority to remove Senior Executives Service (SES) members "if the secretary determines the performance of the individual warrants such removal," according to the bill. In addition to outright removal, the bill would allow the VA secretary to bump SES members down to the General Schedule at any grade level the secretary deems appropriate according to the bill.

Wednesday - 02/12/2014, 01:22pm EST

What are you doing the rest of your life?

Suppose for the next 20 to 30 years, you have to spend 24/7 with your spouse or significant other. Can you handle it? Can he or she? With some planning it might not be too bad, Senior Correspondent Mike Causey says.

Wednesday - 02/12/2014, 02:00am EST

House approves military pension bill

The House voted overwhelmingly Tuesday to restore full cost of living increases to pension benefits for younger military retirees, responding eagerly to election-year pressure from veterans groups.

Tuesday - 02/11/2014, 07:20pm EST

AFGE leader vows fight over pay, retirement benefits

After playing defense for much of last year the largest federal-employee union is ready to play offense. American Federation of Government Employees National President J. David Cox gave a fiery speech at the union's annual legislative and grassroots mobilization conference in Washington. Also addressing the AFGE crowd were lawmakers from both sides of the aisle.

Tuesday - 02/11/2014, 09:36am EST

Replacing the General Schedule: Some facts

There are many good reasons why the general schedule must be reformed, says former DHS CHCO Jeff Neal. Among them is the idea that all federal employees are either over or underpaid, that GS pay is truly based on labor costs by location, and that the GS system no longer covers most employees.

Tuesday - 02/11/2014, 04:51am EST

Climate change shrinks buyouts

Remember the good old days when agencies were offering early retirement and $25,000 have-a-nice-life buyouts? Well, it appears that the combination of buyouts and early outs is another victim of climate change, Senior Correspondent Mike Causey says.

Monday - 02/10/2014, 02:00am EST

AFGE sees ranks swell after turbulent year

After a turbulent 2013 that saw sequestration budget cuts and a two-week government shutdown, the largest federal-employee union is hoping to flex more political muscle this year. The American Federation of Government Employees says union membership is at its highest level in decades.

Friday - 02/07/2014, 03:36pm EST

Professional liability insurance and more

Host Mike Causey will talk professional liability insurance with attorneys John P. Mahoney and David Cavanaugh. Later Andy Medici will discuss potential buyouts at the Social Security Administration and the Environmental Protection Agency.
February 5, 2014

Wednesday - 02/05/2014, 08:40pm EST
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Buyouts and Justin Bieber

The 2014 buyout season is off and running, Senior Correspondent Mike Causey says. So what exactly does speculation about buyouts have in common with talk about pop star Justin Bieber?

Tuesday - 02/04/2014, 02:00am EST

Whom can you trust?

Marc Levine, of Handler and Levine LLC, offers advice on how to choose your trustees, powers of attorneys and executors.
February 3, 2014

Monday - 02/03/2014, 09:24pm EST
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EPA plans early-outs targeted at higher grades

The Environmental Protection Agency has issued targeted early-retirement and buyout offers to hundreds of employees nationwide, according to an American Federation of Government Employees local. EPA officials are planning to offer early-outs at 19 different offices within the agency, spanning all 10 regions. Workers who sign up can receive up to $25,000 and will have to be off the rolls by early April.

Monday - 02/03/2014, 01:44pm EST

Rocky start to 2014 as TSP returns trend negative

Returns for nearly all of the funds in the Thrift Savings Plan trended downward in January following a rocky month on Wall Street. The largest declines came in the stock funds. The large-cap C Fund fell by 3.45 percent, the small-cap S Fund inched down 1.91 percent and the I Fund, made up of international stocks, plunged by more than 4 percent, according to new data from the Federal Retirement Thrift Investment Board.

Monday - 02/03/2014, 10:32am EST

SSA offering early-outs in 2014

The early-out offer at the Social Security Administration is one of the first this year in government. Senior Correspondent Mike Causey says it could open up the promotion pipeline for younger, mid-career employees and jump-start early retirement offers in other agencies too. So how are things in your office?

Friday - 01/31/2014, 02:00am EST

Size of civilian federal workforce increases, but more feds eligible to retire

The departments of Defense, Veterans Affairs and Homeland Security account for 94 percent of the growth in the number of civilian employees within the federal workforce, according to a new report from the Government Accountability Office.

Thursday - 01/30/2014, 02:03pm EST
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