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10:51 pm, July 23, 2014

Pay and Benefits News

In House-Senate budget talks, feds fear being familiar target

When House and Senate lawmakers kicked off formal budget negotiations this week for the first time since the government shutdown ended, both Republicans and Democrats said replacing sequestration, the blunt across-the-board budget cuts, with an alternative plan would be a top priority. The sticking point remains how to pay for it. Federal-employee unions and advocacy groups fear federal pay and benefits will once again be on the table.

Thursday - 10/31/2013, 12:51pm EDT

If it's fun, it must be wrong

If it feels good, it must be bad. However if you ignore it, you may be on the right track, Senior Correspondent Mike Causey says. So are we talking about your TSP account or your love life?

Thursday - 10/31/2013, 02:00am EDT

TSP investing and more

CBS MoneyWatch columnist Allan Roth will share investment strategies for the TSP, and Federal Times senior writer Sean Reilly will discuss what's ahead for federal workers and retirees.
October 30, 2013

Wednesday - 10/30/2013, 07:55pm EDT
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Social Security benefits to go up by 1.5 percent

Social Security benefits to go up by 1.5 percent in 2014; increase among lowest in years

Wednesday - 10/30/2013, 07:04pm EDT

2014 COLA to rise 1.5 percent

The Social Security Administration announced Wednesday morning that the cost-of-living adjustment, or COLA, for 2014 will rise 1.5 percent.

Wednesday - 10/30/2013, 07:02am EDT

Furlough fever: Sell low, buy high

If you are a federal worker, did you raid your retirement fund, or sell low and buy high during the government shutdown? Senior Correspondent Mike Causey wants to know: Was it prudent or panic behavior to flee the stock market before and during the shutdown?

Wednesday - 10/30/2013, 02:00am EDT

Thousands of feds turned to TSP to weather shutdown

Hardship withdrawals shot up in the first few weeks of October and thousands more employees opted to shift their investments out of higher-risk areas and into the G Fund, TSP officials said at at the board's monthly meeting Monday. During the shutdown, some 8,200 participants requested hardship withdrawals, compared to 5,500 during the same period of time last year.

Monday - 10/28/2013, 05:17pm EDT

TSP account averages nudge 6-figure mark

When it comes to investing and saving for retirement, federal workers are at the head of the class. TSP average balances are fast-approaching the 6-figure mark.

Monday - 10/28/2013, 05:59am EDT

Open Season - Medicare Questions & Answers

David Santana, health insurance specialist for the Centers for Medicare & Medicaid Services, answers questions about Medicare.
October 28, 2013

Friday - 10/25/2013, 04:39pm EDT
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Young, immortal and uninsured!

You work for Uncle Sam. You are young, healthy and immortal. Who needs health insurance? Well, you may be in for a surprise, Senior Correspondent Mike Causey says.

Friday - 10/25/2013, 02:00am EDT

How to prepare for the next government shutdown

Financial planner Arthur Stein will discuss what you can do to protect your assets in the event of another government shutdown, and Sean Reilly will talk about the possibility of another shutdown, and what's ahead for feds.
October 23, 2013

Wednesday - 10/23/2013, 06:31pm EDT
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Pentagon says shutdown wasted at least $600 million

A tally totaling the costs of the government shutdown on the Defense Department only includes lost work-hours from civilian furloughs, not additional government costs from interest payments, contract delays or other impacts from the shutdown. AFGE and NTEU are asking agencies to speed up back pay to federal workers.

Friday - 10/18/2013, 04:18am EDT
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Shutdowns, sex and traffic... Was it good for you?

During the shutdown, traffic in the Washington area remained awful, alcohol sales were up and lots of people jumped into online dating, Senior Correspondent Mike Causey says. So how was it where you live and work? Was it a financial nightmare or a surprise paid vacation?

Friday - 10/18/2013, 02:00am EDT

Funding bill includes back pay for furloughed feds, clears way for potential January pay raise

The bill passed by Congress reopening the federal government after a two-week shutdown grants retroactive pay for furloughed federal workers and clears the way for all federal employees to receive a 1 percent pay raise in January. The continuing resolution, which funds government operations through Jan. 15, also grants agencies some spending flexibilities to avoid sequestration-related furloughs over the next few months.

Thursday - 10/17/2013, 12:06pm EDT

Debt bill denies annual pay hike for Congress

Debt bill denies annual cost-of-living pay hike for Congress

Thursday - 10/17/2013, 01:10am EDT

Government shutdown, chained COLA, and more

NARFE's Jessica Klement and Federal Times senior writer Sean Reilly will talk about the government shutdown and its impact.
October 16, 2013

Wednesday - 10/16/2013, 06:49pm EDT
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Retiree COLAs: Is bigger always better?

When it comes to cost-of-living adjustments for retirees, bigger is always better, right? Or is it? Either way, some changes may be coming in the way the government tracks inflation, Senior Correspondent Mike Causey says.

Wednesday - 10/16/2013, 02:00am EDT

TSP's multimillion-dollar plan calls for more customized experience

The Federal Retirement Thrift Investment Board kicked off this week a multimillion-dollar plan to revamp the Thrift Savings Plan. The $2.3 million initiative, which was approved by board members last month, calls for TSP officials to broadly survey participants on the services and offerings they desire as well as how the TSP stacks up against other plans, including those in the private sector.

Tuesday - 10/15/2013, 11:14am EDT
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Estimates point to slight COLA hike

Preliminary figures suggest next year's benefit increase will be roughly 1.5 percent, according to an analysis by The Associated Press. The increase will be small because consumer prices, as measured by the government, haven't gone up much in the past year.

Monday - 10/14/2013, 12:35pm EDT

Shutdown delays COLA announcement

Millions of federal retirees will have to wait to find out the size of next year's cost-of-living adjustment. The Labor Department says it won't report inflation statistics on time this month, which will delay the Social Security Administration's COLA calculation.

Friday - 10/11/2013, 01:11pm EDT
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