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11:55 pm, August 21, 2014

Retirement News

House OKs federal pension hike as part of fiscal-cliff alternative

The House approved a bill Thursday requiring federal employees to contribute more toward their retirement as part of a broader deal to avert the the so-called fiscal cliff. The 2012 Spending Reduction Act is nearly identical to a measure passed by the House last spring.

Thursday - 12/20/2012, 07:12pm EST

New retiree diet: 99 ways to serve Hamburger Helper

If Congress and the White House change the yardstick used to measure inflation, will retirees barely notice or will they have to go on a diet of Hamburger Helper and Ramen Noodles? Check out Senior Correspondent Mike Causey's column for more.

Thursday - 12/20/2012, 02:00am EST

Obama Social Security offer at odds with top Dems

President Barack Obama's offer to limit the growth of Social Security benefits would cost the average retiree less than $50 in the first year. But the cuts would grow over time, and that has advocates for seniors worried that Democrats in Congress will break their promise to shield the massive retirement and disability program from cuts in deficit reduction talks.

Wednesday - 12/19/2012, 02:01pm EST

Federal Drive Interviews -- Dec. 19, 2012

Defense analyst Jim McAleese reviews the Defense Authorization Bill agreed on by both the Senate and the House yesterday. OPM Director John Berry says proposed rules to implement phased retirement are on the fast track. Rep. John Sarbanes (D-Md.) discusses changes that will make it easier for feds to telework. Rep. Gerry Connolly (D-Va.) talks about benefits that will help retain federal employees. Vivian Reifberg of McKinsey & Co. talks about why the current administrative transition is so important. Alex Bolton of The Hill discusses the fiscal cliff negotiations.

Wednesday - 12/19/2012, 08:41am EST

OPM fast tracking draft regulations for phased retirement

Director John Berry said the agency's Innovation Lab is helping to take a different, more rapid approach to developing the proposed rule to implement the new program. Rep. Gerry Connolly (D-Va.) also is suggesting the creation of a "leave bank" for workers who leave federal service but plan to return. Berry said that's an innovative idea OPM may look at.

Wednesday - 12/19/2012, 05:21am EST
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Compromise hits highest/lowest incomes

In the fiscal-cliff talks, it now appears that both sides have blinked. Republicans appear willing to accept some higher taxes and Democrats seem to have agreed that Social Security's growing costs must be curtailed. Slightly and slowly. So how will the proposals affect you? Check out Senior Correspondent Mike Causey's column.

Wednesday - 12/19/2012, 02:00am EST

Fed groups pounce on Obama's COLA-cutting proposal

In the latest proposals traded back and forth between the White House and Boehner, the President proposed changing the formula the Labor Department uses to measure inflation which would reduce annual COLAs for Social Security beneficiaries, including federal and military retirees. Federal-employee unions and groups remain worried the COLA proposals are still very much on the table.

Tuesday - 12/18/2012, 05:10pm EST

Financial planning and a view from the 'cliff'

Certified Financial Planner Joseph Sullender on how to best prepare for your retirement.
December 17, 2012(Encore presentation December 24, 2012)

Monday - 12/17/2012, 10:41pm EST
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'Fiscal cliff' fears don't change financial-planning basics

Wells Fargo Advisors' Joe Sullender says any tax deal between Congress and the president will probably change your income taxes less than you think.

Monday - 12/17/2012, 03:08pm EST
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Diet COLAs for everybody?

If you could pick any historical event to relive, it probably wouldn't be the maiden voyage of the Titanic that didn't go well. And now, 100 years later, federal, military and Social Security retirees are just becoming aware of a political iceberg that could punch a hole in their future benefits, Senior Correspondent Mike Causey says.

Monday - 12/17/2012, 02:00am EST

Couple navigates FERS-CSRS retirement divide

As part of the special series, FERS: 25 Years Later, Federal News Radio welcomed to its studios a retired federal couple, Neil Schiff and Linda Habenstreit who represent the federal retirement divide. When Schiff retired from the FBI's Office of Public Affairs, he was a FERS enrollee. His wife, a long-time public affairs specialist in the Agriculture Department's Foreign Agricultural Service, was covered by CSRS.

Thursday - 12/13/2012, 06:12pm EST
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FERS pioneers examine past, present and future of retirement fund

In the 25 years since the Federal Employees Retirement System went into effect, much has changed when it comes to federal retirement. Tom Trabucco, the former longtime director of external affairs at the Federal Retirement Thrift Investment Board, and Judy Park, the former legislative director of the National Active and Retired Federal Employees (NARFE) Association, joined Your Turn with Mike Causey for a look back at the creation of FERS and how it has evolved over the years.

Wednesday - 12/12/2012, 08:02pm EST
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25 years later, FERS still 'excellent' plan for feds

Arthur Stein, a financial planner and former federal manager, told The Federal Drive with Tom Temin and Emily Kopp Wednesday that FERS has been a boon for feds, both young and old.

Wednesday - 12/12/2012, 12:13pm EST
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FERS for dummies

The new Federal Employees Retirement System is suddenly not so new. It turned 25 this year. And next to Social Security, it is the dominant federal retirement program. So how did FERS happen, and why? Check out Senior Correspondent Mike Causey's column.

Wednesday - 12/12/2012, 02:54am EST

Federal retirement claims fall last month but OPM predicts swell in January

The Office of Personnel Management received fewer retirement claims in November than in any month since February this year, according to new data from the agency. But this is likely just the calm before the storm, according to OPM projections, which anticipate a wave of retirement claims in January.

Wednesday - 12/05/2012, 03:14pm EST

Secret retirement bonus plan

Did you hear about the secret retirement- incentive plan in Congress? It would give you a cash buyout, and add five years to your age and years of service in order to boost your annuity. It is perfect in its simplicity except for one vexing detail - it's not true, Senior Correspondent Mike Causey says.

Friday - 11/30/2012, 02:00am EST

FEHBP open season

Walton Francis, author of the Consumer's Checkbook Guide to Federal Health Plans, will provide tips on what to look for when choosing your health benefits.
November 28, 2012

Thursday - 11/29/2012, 12:08am EST
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New TSP rules help Hurricane Sandy victims

Under temporary rules issued by the Federal Retirement Thrift Investment Board, feds can continue to contribute to their Thrift Savings Plan. FRTIB will waive a rule that prevents contributions for six months after taking a hardship withdrawal.

Friday - 11/23/2012, 12:19pm EST

Post office reports record loss of $15.9B for year

The struggling U.S. Postal Service on Thursday reported an annual loss of a record $15.9 billion and forecast more red ink in 2013, capping a tumultuous year in which it was forced to default on billions in payments to avert bankruptcy.

Thursday - 11/15/2012, 04:23pm EST

Tips for Open Season 2013

Benefits consultants Walton Francis and Ed Zurndorfer offer top tips for federal employees considering a new health plan. Open Season runs from Nov. 12 to Dec. 10.

Monday - 11/12/2012, 12:43pm EST
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