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10:31 am, July 10, 2014

Pay and Benefits News

Alphonso Maldon, Military Compensation and Retirement Modernization Commission

It's the elephant in the room: military pay and benefits are overwhelming the Defense Department's budget. But Congress doesn't want to cut them, so it appoints an independent commission to do it by next February. Alphonso Maldon is chairman of the commission. He told Tom Temin and Emily Kopp on the Federal Drive, the nine members have reviewed everything from recruitment to retirement, paychecks and housing allowance to health care.

Monday - 06/09/2014, 09:02am EDT
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Feds interested in phased retirement left playing waiting game

The Office of Personnel Management now says it hopes to have regulations governing phased retirement finalized by October. That can't come soon enough for many federal employees on the cusp of retirement who are caught in the regulatory limbo.

Monday - 06/09/2014, 02:00am EDT

OPM slashes retirement backlog in first part of 2014

The Office of Personnel Management cut the longstanding backlog of pending retirement claims by more than a third in the first half of 2014. By the end of May, the inventory of claims had fallen to about 14,500, according to new OPM data released Thursday. That's down 38 percent from a peak of more than 23,500 claims in February.

Thursday - 06/05/2014, 05:21pm EDT

VA: Brush fire or forest fire?

Senior Correspondent Mike Causey wants to know: Is the ongoing VA scandal just a small brush fire, or is it likely to spread to other agencies, impacting bonuses and job security?

Wednesday - 06/04/2014, 02:00am EDT

Bonuses: Attaboy or entitlement?

Does your agency hand out bonuses to the truly deserving, or are they handed out among the elite on an its-your-turn-rotation system? Senior Correspondent Mike Causey wants to know: Is your last bonus really going to to be your last?

Tuesday - 06/03/2014, 02:00am EDT

TSP sails through May

For only the second time this year, all of the funds in the Thrift Savings Plan finished the month in positive territory, according to new data from the Federal Retirement Thrift Investment Board. It was the strongest month for the TSP and Wall Street since February

Monday - 06/02/2014, 03:56pm EDT

CFPB, union go back to the drawing board on performance ratings

Following complaints of widespread discrimination, the Consumer Financial Protection Bureau is overhauling its system for evaluating employee performance. The financial watchdog's performance-appraisal system resulted in "systematically lower ratings" for black and Hispanic employees, employees over the age of 40, employees located in field offices and those employed at lower pay scales, according to report on the performance-appraisal system published by the agency earlier this month.

Friday - 05/30/2014, 04:09pm EDT
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Buy low, sell high -- how hard can it be?

The way to make money in the stock market is to buy when share prices are down and sell when they go up. Yet most people do just the opposite, Senior Correspondent Mike Causey says. Are you a closet market-timer?

Friday - 05/30/2014, 02:00am EDT

Alice In Wonderland Lite

Have you ever been to a relatively big-bucks bonus banquet where the winners get a handshake and a good meal, but no bonus check? If not, stand by for next Thursday's State Department reception honoring the 2013 finalists for the Presidential Rank awards, Senior Correspondent Mike Causey says.

Thursday - 05/29/2014, 02:00am EDT

The VA controversy and the state of the civil service

Debra Roth, partner at Shaw Bransford and Roth will discuss what's happening at the VA and OPM Director Katherine Archuleta will talk about the status of phased retirement, the retirement-claims backlog and other civil service issues.
May 28, 2014

Wednesday - 05/28/2014, 09:49pm EDT
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Survey: Feds' satisfaction with TSP grows

Nearly nine out of 10 federal employees are satisfied with the Thrift Savings Plan, according to a new survey published by the Federal Retirement Thrift Investment Board, which manages feds' 401(k)-style retirement accounts. Meanwhile, the TSP board is inching forward on a decision on whether to adopt a mutual-fund window.

Tuesday - 05/27/2014, 04:50pm EDT

House bill would let federal law-enforcement officers access retirement funds early

A bipartisan House bill would reform federal tax law so that federal law-enforcement officers and firefighters can access funds from their 401(k)-style Thrift Savings Plans when they're eligible to retire without facing a penalty. Jon Adler, national president of the Federal Law Enforcement Officers Association, called the current situation "one of those glaring inequities that needed to be addressed and fixed."

Tuesday - 05/27/2014, 01:22pm EDT
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Buyouts and bats: Endangered species?

Remember when you were a kid driving to or from vacation, and you kept asking are we there yet? Now you're an adult civil servant and the question du jour is: Where are the buyouts? Check out Senior Correspondent Mike Causey's column for more.

Friday - 05/23/2014, 02:00am EDT

What's the latest on Capitol Hill?

NARFE's Chris Farrell joins host Mike Causey to talk about some of the bills introduced in Congress that affect federal workers.
May 21, 2014

Wednesday - 05/21/2014, 05:43pm EDT
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Federal quiz clue: Marilyn's toes

Think you are pretty smart? Could you make it on Jeopardy? Try out our numbers game to test your quiz IQ, Senior Correspondent Mike Causey says.

Wednesday - 05/21/2014, 02:00am EDT

Guess who's going up 1.35 percent?

Guess who is getting a 1.35 percent increase next year? If you work for Uncle Sam, count yourself out. You're looking at, maybe, 1 percent. The lucky people are retirees whose increases are linked to inflation -- not politics, Senior Correspondent Mike Causey says.

Tuesday - 05/20/2014, 02:00am EDT

How to prepare for life transitions

Life coach Patti Hudson offers some suggestions on how to deal with career changes and other life transitions.
May 19, 2014

Monday - 05/19/2014, 08:22pm EDT
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TSP -- room for a LOT more customers?

What would it mean to the federal-military investors in the Thrift Savings Plan if everybody in the country were allowed to join up? Nobody knows for sure, but higher fees, for everybody, would seem to be a likely outcome, Senior Correspondent Mike Causey says.

Monday - 05/19/2014, 02:00am EDT

Phased retirement: 49 and 1/2 shades of gray

What's maybe going to top the summer must-read list for federal workers? It's one of the hottest topics in government: phased retirement. Coming soon, we think, to a cubicle near you, Senior Correspondent Mike Causey says.

Friday - 05/16/2014, 02:00am EDT

TSP? Maybe ... FERS? No!

When it comes to certain federal benefits, President Barack Obama and Florida Senator Marco Rubio have something in common. One of them is admiration for the federal Thrift Savings Plan, Senior Correspondent Mike Causey Says.

Thursday - 05/15/2014, 02:00am EDT
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