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Shows & Panels
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 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.
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.
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
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.
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.
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.
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.
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.
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?...
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.
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.
The House Democrats' budget proposal is the most fed-friendly of the plans put forth for fiscal 2013.
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.
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.
The Pentagon is telling lawmakers military retirees' share of health care costs is going to have to increase if it's going to meet the budget targets Congress and the President handed over with last year's budget control act.
Buyouts are popping up all over the government. And even if you are not in the market, they may have an impact on your job, your promotion potential and, if you are planning to retire anyhow, how quickly you get your first full annuity payment, Senior Correspondent Mike Causey says.
Host Mike Causey will talk federal retirement with the NITP's Tammy Flanagan. Senior Executives Association President Carol Bonosaro will talk about a new report that looks at the mobility of members of the Senior Executives Service.
March 28, 2012
The Republican Study Committee, a caucus of House conservatives, laid out a budget blueprint that increases federal employees' pension contributions and incentivize feds to enroll in lower-priced health plans.
A prominent retirement planner said in an ideal world, the last check you write will bounce. Meaning you got the most for your money. The problem is knowing when that day will come, and managing your finances accordingly, Senior Correspondent Mike Causey says. So what to do ... ?