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Retirement News 
Top News
- Furlough Friday: Multiple agencies take advantage of holiday weekend
- New mobile tools gives agencies ‘giant innovation permission slip'
- VA chipping away at oldest disability claims in backlog
- Congress pressures agencies to speed up office consolidations
- Data breach puts DHS employees at risk of ID theft
- What's the latest on phased retirement?
- IRS replaces official in Tea Party controversy
- Commerce nominee sails through hearing
- Obama nominates Archuleta as next OPM director
- FedRAMP achieves another cloud security milestone
- Tangherlini to be nominated as permanent GSA chief
- House GOP panel moves on deep budget cuts
- OMB reworking financial system requirements
- Federal retirement funds temporarily tapped
- Friday federal headlines - May 24, 2013
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.
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.
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.
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.
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
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.
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.
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.
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.
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
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
