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11:34 am, July 31, 2014

Retirement News

Union wants rewrite of phased-retirement rules

The National Treasury Employees Union supports the general idea of phased retirement but has taken issue with some of the specifics set out by the Office of Personnel Management in its draft regulations. NTEU President Colleen Kelley says the rules, in their current form, require would-be phased retirees to have 20 years of experience, which could limit the number of employee eligible for the program. NTEU is also concerned about the lack of an appeals process for feds deemed ineligible for the option.

Monday - 08/05/2013, 05:03pm EDT
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Retirement backlog grows slightly in July

For the third month in a row, the Office of Personnel Management failed to meet its monthly goal for processing retirement claims. OPM's backlog now sits at 25,601 claims, up slightly from June. OPM blames its reduced processing power on the automatic, across-the-board budget cuts known as sequestration. To comply with the budget shortfalls, OPM was forced to suspend overtime for its employees in its Retirement Services division starting April 28.

Monday - 08/05/2013, 12:52pm EDT

Citing sequestration, OPM pushes back retirement processing goal

The Office of Personnel Management now estimates it will not be able to clear a longstanding backlog of retirement claims until next summer. OPM Associate Director for Retirement Services Ken Zawodny told Federal News Radio the suspension of overtime in late April has left the agency essentially treading water when it comes to processing retirement applications.

Monday - 08/05/2013, 10:00am EDT
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COLA? Maybe. Pay raise? Maybe not!

How can you tell the difference between a current government worker and a retired civil servant? One of them is smiling, Senior Correspondent Mike Causey says. Think about it, prices have gone up, taxes have gone up, health premiums have gone up -- but feds at the Pentagon, HUD, Interior and other agencies haven't had a raise in three years.

Monday - 08/05/2013, 02:00am EDT

Pension, health care changes key to Senate postal reform plan

The Senate postal reform bill calls on the Office of Personnel Management to change the way it calculates how much the U.S. Postal Service must pay into the Federal Employees Retirement System and the Civil Service Retirement System. The change could result in a $6 billion surplus for the debt-burdened USPS.

Friday - 08/02/2013, 08:19pm EDT

Financial risk planning: how to know your risk tolerance

Certifed financial planner Joe Sullender answers questions and emails about how to create a financial plan for your family.
July 29, 2013.

Monday - 07/29/2013, 10:11pm EDT
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Special employment and retirement provisions

Bob Braunstein, a federal benefits specialist, explores the special retirement provisions for LEOs, FF, ATC and foreign assignments.

Thursday - 07/18/2013, 07:52pm EDT
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Your 'my Social Security'

Lester Austin, public affairs specialist for the Social Security Administration, answers your Social Security questions.
July 15, 2013

Monday - 07/15/2013, 10:44pm EDT
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Labor's FECA benefits proposal gets push back from House

Members of the House have doubts about the Labor Department's proposal to set a uniform benefit rate for FECA beneficiaries. A GAO study found that such propositions will decrease benefits to injured workers with dependents. FECA benefits would also align more closely with Federal Employees Retirement System (FERS) benefits once injured workers reach retirement age.

Thursday - 07/11/2013, 06:56pm EDT

Phased retirement: An ageless perk?

You don't have to be popping 50-plus vitamins or checking out the early-bird dinner special to be excited by the government's new phased retirement program, Senior Correspondent Mike Causey says. It has some potential benefits for both beginning feds and people in mid-career too.

Thursday - 07/11/2013, 02:00am EDT

Phased retirement: Is it for you?

Federal benefits expert Bob Braunstein will answer your questions about phased retirment.
July 10, 2013

Wednesday - 07/10/2013, 07:28pm EDT
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Phased retirement: Is it for you?

The idea of easing into retirement working three or four days a week is appealing to a lot of people. Now it is a reality for thousands of government workers, Senior Correspondent Mike Causey says. But does the new phased retirement program make sense for you? And are you even eligible?

Wednesday - 07/10/2013, 02:00am EDT

Decisions, decisions, decisions

Retirement coach Mike Townshend on how to prepare a care contract for your family.
July 8, 2013

Monday - 07/08/2013, 11:01pm EDT
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Sequestration slowing OPM's efforts to clear retirement backlog

OPM processed just 8,683 claims last month — about 2,800 fewer than it had initially expected to. That's the second month in a row OPM fell behind in processing monthly claims according to new OPM data. The agency was forced to eliminate overtime for employees in its Retirement Services operation at the end of April because of the automatic budget cuts.

Friday - 07/05/2013, 01:53pm EDT

Self-plus-one health insurance and phased retirement

NARFE legislative director Jessica Klement and Federal Times writer Stephen Losey, join host Mike Causey to talk about the self-plus-one health plan option and the chained CPI.
July 3, 2013 (This show originally aired May 29, 2013)

Wednesday - 07/03/2013, 07:07pm EDT
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Retiring: Pays to plan ahead...

The No. 1 complaint people have after retiring is how long it takes them to get the first full annuity payment. Depending on a lot of things it can take anywhere from a couple of months to more than a year.

Tuesday - 07/02/2013, 02:00am EDT

Phased retirement - the bottom line

Co-hosts Bob Leins and Tammy Flanagan answer your calls and emails about phased retirement.
July 1, 2013

Monday - 07/01/2013, 10:05pm EDT
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Retiring someday? A word to the wise

There are some things that many of us only do once. That includes retiring and dying. So it pays to get it right the first time, Senior Correspondent Mike Causey says.

Monday - 07/01/2013, 02:00am EDT

The biggest threats to your federal pay and benefits

John Grobe, president of Federal Career Experts, will answer your calls and emails about possible changes to your pay and benefits package.
June 26, 2013(This show originally aired June 12, 2013)

Wednesday - 06/26/2013, 06:26pm EDT
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Surf's up (maybe): Timing the retirement wave

We've been hearing for a dozen years about the upcoming federal retirement tsunami, when thousands of baby boomers with years of technical expertise leave the federal service for the golf courses and RV parks of retirement communities. But timing the retirement wave can be tricky.

Friday - 06/21/2013, 02:00am EDT
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