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Shows & Panels
The $15 billion generated by the 2.3 percent more that new employees would pay for their retirement would help pay for the extension of unemployment insurance.
Congress hit future federal workers with a new higher pension tax. For current workers, there is no change but that could have been a warning shot across the bow, Senior Correspondent Mike Causey says.
Tom Schatz, president of Citizens Against Government Waste, says the government is paying for private employees' retirements has been a legitimate business expense for years under cost-accounting standards.
After 18 months of inactivity and extended vacation, Congress exhibited a blinding burst of speed last week before it left on yet another vacation. The bad news is that the action it took was aimed at future federal workers and you, well into your career, may be next, Senior Correspondent Mike Causey says.
Career coach Mike Townshend talks retirement planning with host Bob Leins.
February 20, 2012
The Postal Service's strategic five-year plan proposes cutting the workforce by 155,000 by 2016 and creating its own health benefit program for employees and retirees to return to financial stability.
Federal workers who have been paying attention to the various plans to have them finance unemployment benefits, highways and tax cuts must be confused, if not in a state of shock, Senior Correspondent Mike Causey says. Could it be that the only people who are happy are those who haven't been paying attention?
Two Republican senators unveiled a Medicare overhaul Thursday that features an accelerated transition to private health insurance for many seniors, a gradual increase in the eligibility age, and higher premiums for middle-class and upper-income retirees.
Federal pension contributions would increase under a compromise deal to extend a payroll tax cut and pay for jobless benefits through 2012.
Director John Berry said the proposition in the 2013 budget request to increase pay by 0.5 percent and increase the contributions employees pay to their retirement by 0.4 percent is "responsible" and "protects the benefit." OPM also would have to figure out how best to meet its mission with a flat budget next year. Berry said his top priority is reducing the backlog of retirement claims.
Over 20 bills affecting federal employees' pay, benefits, and pensions have been introduced by members of Congress in the past year. Federal employees tell Federal News Radio those are the kinds of things directly affecting their morale and motivation. What does Congress think about that? Federal News Radio asks both Republicans and Democrats as part of our series, "Managing Morale."
Federal Times Editor Steve Watkins, Senior Writer Sean Reilly,and NARFE Legislative Director Julie Tagen will discuss how government employees will be affected by proposed cuts to the federal budget.
February 15, 2012
Two federal unions, the American Federation of Government Employees and the National Treasury Employees Union, say lawmakers removed the increase in federal employee contributions from the payroll tax extension, but added it to the unemployment insurance extension, which is part of the overall deal. The unions say if the provision becomes law, feds would see a pay decrease while everyone else would see an increase.
The current language of H.R. 3813 increases the CSRS and FERS employees' contribution to their retirements by 1.5 percent over three years. For individuals not subject to mandatory retirement who choose to retire on or after Jan. 1, 2013, the FERS minimum supplement is eliminated. Currently, the FERS minimum supplement is paid to those qualifying employees who retire prior to age 62.
When you think of federal workers, the term "swinger' isn't the first thing that pops into your head. But after some of the changes politicians want to make, anything could happen.
The provision — part of a larger transportation bill — would allow retiring federal employees to put their unused annual leave toward their TSP.
Estate planner Marc Levine discusses possible changes to tax laws that could affect estate plans.
February 13, 2012(Encore presentation April 9, 2012)
President Obama's fiscal 2013 budget request released today ends the two-year federal pay freeze but increases contributions feds will have to make toward their retirement benefits.
The House bill — H.R.3813 — would require federal workers to contribute 1.5 percent more of their salaries toward retirement over three years and end a supplemental payment for early retirees under the Federal Employee Retirement System.
Experts have long predicted a federal retirement tsunami, and the steady uptick in retirement applications across 2011 appears to bear that out. Overall, 104,810 retirement applications were filed by federal employees in calendar-year 2011, according to numbers provided by OPM — a 24 percent increase over 2010 levels.