Retirement News 
Top News
- Data breach puts DHS workers at risk of ID theft
- DoD to pursue commercial alternative to VA's VistA system
- Obama to nominate Tangherlini as GSA administrator
- PHOTOS: Meet the 2013 Service to America Medal Finalists
- House GOP panel moves on deep budget cuts
- OMB fuels synergy between mobile, open data
- IRS official Lerner: 'I did nothing wrong'
- OMB reworking financial system requirements to focus on outcomes, not inputs
- Retirement funds temporarily tapped to avoid debt limit default
- VanRoekel to lead OMB management team
- SBA starting new lending program for veterans
- New Apple devices cleared to join DoD IT networks
- Bonuses under fire at GSA, other agencies
- Wednesday federal headlines - May 22, 2013
Pay raise, increased retirement contributions in President's FY2013 budget request
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.
Bill to cut federal retirement benefits saves $44B, CBO says
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.
Retirement applications tick up 24 percent in 2011
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.
As retirement applications surge, what should feds consider?
Tammy Flanagan, the senior benefits director for the National Institute of Transition Planning, joined In Depth with Francis Rose to discuss how feds should prepare for retirement.
How to plan for the Roth TSP option
You've got some thinking to do about your investments. The people who manage your Thrift Savings Plan have published draft rules for a Roth option that would let you put in after-tax money.
Feds on the road to nowhere
Congress is taking a new road, literally, in its drive to trim federal retirement benefits and force civil servants to kick in more to their pension plan, Senior Correspondent Mike Causey says. This time its the so-called highway bill ...
Will fed's benefits change in 2012?
American Federation of Government Employees President Jacque Simon will discuss whether your federal pay and benefits will be cut this year.
February 8, 2012
Fed pensions up for debate in highway bill
Federal employees would pay more toward their pensions and new employees would receive less generous retirement benefits under a House Republican plan to pay for highway programs.
Congress and you — what could possibly go wrong?
A federal worker, who boxed in college and the Army, says in the last two years he's gone from a happy-go-lucky fed to feeling like he's fighting two opponents and the referee, Senior Correspondent Mike Causey say. So can this get any worse? Short answer, maybe.
Off with your wigs!
No matter what condition your hair is in, the vast majority of federal workers get a new wig every one, two or three years. But that may be about to change, Senior Correspondent Mike Causey says.
House committee takes up bill cutting federal retirement benefits
Federal unions and some lawmakers have lambasted a proposed bill that would make changes to federal retirement benefits. The "Securing Annuities for Federal Employees Act of 2012" is set to go before the House Committee on Oversight and Government Reform Tuesday for a markup session, in which lawmakers will be able to introduce amendments.
Senators ask OMB to intervene in retirement backlog
A new letter, signed by Sens. Mark Warner (D-Va.), Barbara Mikulski (D-Md.) and Ben Cardin (D-Md.), calls on the Office of Management and Budget to take on the "urgent matter" of processing federal retirements. The letter comes a week after a Senate subcommittee hearing in which the Office of Personnel Management was taken to task for its handling of the longstanding backlog.
OPM strategy for clearing retirement backlog not just IT issue
The overwhelmed retirement claims backlog at the Office of Personnel Management is only partly a technology problem. John Salamone, a managing consultant at FMP Consulting and the former executive director of the Chief Human Capital Officers Council, joined In Depth with Francis Rose to discuss the potential complications for OPM ahead.
Senators take OPM to task over long wait for pensions
The Office of Personnel Management has a new strategy for tackling its backlog of 62,000 retirement applications. But, after 25 years of hearing such promises, lawmakers are skeptical. The Senate Homeland Security and Government Reform Subcommittee on Oversight brought agency director John Berry to Capitol Hill to explain why this strategy is different.
Long-term impact of 'Pay Interruptus'
Is a temporary pay freeze better than a permanent cut in your federal benefits package? Or are people ignoring the long-term effects of a "temporary" pay freeze, Senior Correspondent Mike Causey wonders.
Preview of Roth TSP, January returns, pay freeze vote
Host Mike Causey is joined by Tom Trabucco, director of external affairs for Federal Retirement Thrift Investment Board, and Federal Times senior writer Stephen Losey.
February 1, 2012
Navy offers early retirements for some sailors
The Navy has announced it plans to offer early retirements, following a panel's decision last year that targeted nearly 3,000 sailors for separation. The Navy's temporary early retirement authority will only apply to sailors with 15 years of service, who were not selected for retention by the 2012 Enlistment Retention Board, according to a Navy administrative message laying out official guidance about the early retirements.
Who's the $4 million fed?
Thanks largely to transfusions from outside retirement plans, Uncle Sam now has 208 employees with million-dollar Thrift Savings Plan accounts, Senior Correspondent Mike Causey says,and there's at least one person whose 401(k) plan is worth more than $4 million.
Senate committee to vet OPM annuity processing strategy
The Office of Personnel Management's new strategy to catch up on its backlog of retirement claims will be vetted publicly during a hearing Wednesday of the Senate Homeland Security and Governmental Affairs Subcommittee on Oversight of Government Management.
Election-year survival kit — for politicians
A number of self-proclaimed insiders, reporters, lobbyists, think tank residents and a select group of psychics think they know what what's going to be in the election-year survival kit for members of Congress, Senior Correspondent Mike Causey says ... and they say you are not going to like it.
