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Retirement News

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.

Friday - 03/30/2012, 11:17am EDT
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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.

Monday - 04/02/2012, 07:36am EDT

Senators concerned over TRICARE fee increases

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.

Monday - 07/09/2012, 10:39am EDT
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Does the buyout barrage have a silver lining?

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.

Thursday - 09/06/2012, 09:24am EDT

Retirement and SES mobility

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

Wednesday - 03/28/2012, 07:34pm EDT
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GOP caucus budget cuts feds' retirement, health benefits

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.

Monday - 07/09/2012, 10:40am EDT

When timing is (just about) everything

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 ... ?

Monday - 07/09/2012, 10:42am EDT

USPS plan to set up own health plan faces lawmakers' skepticism

Postmaster General Patrick Donahoe testified today before a House subcommittee saying a USPS-sponsored plan would save $7 billion a year. Such a plan, Donahoe said, would offer equal or better coverage to current employees and retirees.

Tuesday - 03/27/2012, 01:18pm EDT

Social Security

Lester Austin, public affairs specialist at the Social Security Administration, answers your Social Security questions.
March 26, 2012

Monday - 03/26/2012, 04:18pm EDT
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Living on 1/3 of your income

Thinking about retiring in the next couple of years? Well, here's something to think about, Senior Correspondent Mike Causey says: How long and how well could you live if your income was cut by more than 60 percent for months at a time?

Monday - 03/26/2012, 08:35am EDT

Some feds face April 1 deadline for first IRA minimum distribution

April 1 is the deadline for federal employees and annuitants with traditional IRA accounts and are at least 70-1/2 years old in 2011 to make their first minimum required distribution (MRD) for 2011.

Friday - 03/23/2012, 09:57am EDT
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Making love and buyouts — the connection

So, what's the connection between making love and getting a buyout? Technique, frequency and careful preparation are central to both, Senior Correspondent Mike Causey says. So how did federal agencies score this year?

Friday - 03/23/2012, 08:44am EDT

When should you retire?

Tammy Flanagan, senior benefits director at the National Institute of Transition Planning joins host Mike Causey to talk about what you should do to plan for your retirement.
March 21, 2012

Wednesday - 03/21/2012, 09:09pm EDT
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GOP Medicare plan borrows from and repeals Obama's

Rep. Paul Ryan (R-Wis.), the top GOP budget writer, borrowed the idea of insurance exchanges, a big pooled marketplace, from the health care law enacted in Massachusetts when GOP presidential candidate Mitt Romney was governor. Ryan wants to set one up for Medicare.

Wednesday - 03/21/2012, 04:22am EDT

Retiring and skydiving: Do it right the first time

What do skydiving and retiring have in common? Short answer is that many people only do each once, and it is a really good idea to do it right the first time, Senior Correspondent Mike Causey says.

Wednesday - 03/21/2012, 12:00am EDT

Social Security and federal pensions

Federal benefits specialist James Marshall discusses how your benefits could be affected by Social Security.
March 19, 2012

Monday - 03/19/2012, 07:20pm EDT
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GOP plan would open FEHBP to non-feds

Four senators introduced a bill that would add Medicare patients to the Federal Employee Health Benefits Plan, as Medicare is gradually phased out. The National Active and Retired Federal Employees Association tells feds to be wary of the bill.

Friday - 03/16/2012, 01:14pm EDT

Buyout season winding down

Uncle Sam's five-month buyout season is about to end. So if you were thinking about leaving with a $25,000 check, grab it while you can, Senior Correspondent Mike Causey says.

Monday - 07/09/2012, 10:57am EDT

Flexible-retention adds new option to agencies' retirement toolkit

Senate amendment allows retiring federal employees to return to work on a part-time basis. Ron Sanders, senior executive adviser at Booz Allen Hamilton, says this provision allows retirees to pass along their institutional knowledge while continuing their civil service.

Thursday - 03/15/2012, 10:39am EDT
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SES mobility not 'musical chairs'

Host Mike Causey will talk career mobility with Carol Bonosaro, president of the Senior Executives Service. Federal Times Senior Writers Stephen Losey and Sean Reilly will talk about how pending legislation in Congress will affect your pay and benefits.
March 14, 2012

Wednesday - 03/14/2012, 09:25pm EDT
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