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12:12 pm, October 24, 2014

Retirement News

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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Federal-employee, veterans groups assail proposal to limit COLAs

Federal-employee groups and veterans organizations say a legislative proposal that would result in lower cost-of-living adjustments for federal and Social Security retirees is a non-starter. Moving to a "Chained" Consumer Price Index method of calculating inflation would curtail future benefits for Social Security retirees, including federal employees and veterans, opponents of the proposal say.

Friday - 11/09/2012, 08:49pm EST

Medicare Part B and the presidential election

NARFE's David Snell joins host Mike Causey to talk about best health care buys for federal retirees. Sean Reilly from the Federal Times will discuss the presidential election and its impact on feds.
November 7, 2012

Wednesday - 11/07/2012, 08:18pm EST
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No new buyouts on Postal Service horizon

The U.S. Postal Service will not be offering any new buyouts in the near future, according to Anthony Vegliante, the agency's chief human resources officer. USPS offered three different buyouts in 2012. In an exclusive interview with Federal News Radio, Vegliante said the Postal Service will drop to around 500,000 employees by the end of January due to multiple consolidation efforts at the agency.

Wednesday - 11/07/2012, 01:16pm EST
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OPM makes dent in retirement backlog as claims continue rolling in

For the fourth straight month, the number of federal employees filing for retirement has outstripped the Office of Personnel Management's expectations, according to new data released by the agency. OPM also beat its projections for processing retirement claims.

Tuesday - 11/06/2012, 03:23pm EST

Air traffic controllers and more

Trish Gilbert, executive vice president of the National Air Traffic Controllers Association, joins host Mike Causey on today's show. Mike will also talk about the upcoming elections with writers from the Federal Times.
October 31, 2012

Wednesday - 10/31/2012, 07:41pm EDT
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TSP contribution limit increases in 2013

Federal employees can contribute a maximum of $17,500 annually to their Thrift Savings Plan next year up from the $17,000 limit this year, according to the IRS.

Wednesday - 10/24/2012, 08:39am EDT

Broadcasting Board of Governors offers buyouts, early outs

Employees have until Nov. 9 to apply for a Voluntary Incentive Separation Payments (VSIP) and they must leave the agency by Dec. 31. Employees have until Nov. 30, 2013, to apply for a Voluntary Early Retirement Authority.

Monday - 10/22/2012, 03:42pm EDT

USPS pension surplus due to wrong salary assumptions, IG finds

Currently, more than 70 percent of postal craft employees have already reached the top of their pay scale, according to the USPS Office of the Inspector General.

Wednesday - 10/17/2012, 02:37pm EDT

Social Security benefits get a 1.7 percent bump

More than 56 million Americans on Social Security will get raises averaging $19 a month come January, one of the smallest hikes since automatic adjustments for inflation were adopted in 1975, the government announced Tuesday.

Tuesday - 10/16/2012, 04:09pm EDT

Fed retirees to see 1.7 percent COLA increase in 2013

The 1.7 percent cost-of-living adjustment (COLA) will begin with benefits that more than 56 million Social Security beneficiaries, according to the Social Security Administration. Social Security recipients received a 3.6 percent increase in benefits this year after getting none the previous two years.

Tuesday - 10/16/2012, 12:48pm EDT

A bitter diet COLA coming up ...

Federal, postal and military retirees are about to get an inflation-adjustment. That's the good news. The bad news is that it will be a diet- version and, for most, leave a very bitter aftertaste, Senior Correspondent Mike Causey says.

Tuesday - 10/16/2012, 02:00am EDT

How to invest in the TSP

John Jilek, CPF, discusses the Thrift Savings Plan and how to invest in the TSP and get the most for your dollar.

Monday - 10/15/2012, 06:27am EDT
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Frankenstein, Dracula, Nick Nolte at the gates

What's your worst nightmare? How about Dracula, Frankenstein and Nick Nolte appearing in your bedroom? Or is it the long-predicted retirement tsunami? Because maybe, after 13 years of building up, it's on its way, Senior Correspondent Mike Causey says.

Monday - 10/15/2012, 02:00am EDT
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