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6:37 pm, August 29, 2014

Pay and Benefits News

The End Is Near ... again

A wise IRS employee, who is also a movie buff and student of life in government, says that every federal employee should see the classic film, Casablanca. The one where the police chief tells his men, with a wink and a nod, to round up the usual suspects. Seeing the movie should calm down some people who are currently very nervous in the civil service, Senior Correspondent Mike Causey says.

Thursday - 04/03/2014, 02:00am EDT

What's going on on Capitol Hill?

NARFE Legislative Director Jessica Klement will give us an update on pending legislation affecting federal workers and retirees.
April 2, 2014

Wednesday - 04/02/2014, 05:33pm EDT
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Civil-service reform needs more than 'Band-Aid approach,' experts argue

A legislative attempt to reform the aging federal personnel system will face a difficult path in Congress even if it's able to muster the support of key stakeholders, including the White House and federal-employee unions. Experts discussed proposed reforms to the civil-service system outlined in a new report published Tuesday by the Partnership and Booz Allen Hamilton.

Wednesday - 04/02/2014, 05:13pm EDT

Ron Sanders, Vice President, Booz Allen Hamilton

Today's General Schedule system is a "relic of a bygone era," according to a new report from the Partnership for Public Service and Booz Allen Hamilton. It says the government needs to be more attuned to the private sector. At least one federal union is criticizing the plan. Ron Sanders, vice president of Booz Allen Hamilton, discussed the details of the report with Federal Drive hosts Tom Temin and Emily Kopp.

Wednesday - 04/02/2014, 04:31pm EDT
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How to fix the General Schedule to meet the needs of the 21st century workforce

The General Schedule was designed for a federal workforce that no longer exists, says former DHS CHCO Jeff Neal. But there are ways to fix it.

Wednesday - 04/02/2014, 05:17am EDT

Election-year politics, pay raises & health plans

Is your 2015 pay raise going to be 1 percent or 3.3 percent? Are federal workers going to stay in their own health plans or will they be forced to move into one of the exchanges set up by the Affordable Care Act? Read Senior Correspondent Mike Causey's column for more.

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

Report calls for broad overhaul of federal personnel, pay systems

A new report from the Partnership for Public Service and Booz Allen Hamilton calls for essentially throwing out the 65-year-old General Schedule system, comprised of 15 separate grade levels, and replacing it with five broad work levels. The report also calls for changes to the way federal pay is calculated and recommends setting up a governmentwide pay-for-performance process.

Tuesday - 04/01/2014, 06:07pm EDT

VA reduces disability claims backlog by 44 percent

The Veterans Affairs Department reduced the number of pending disability claims by 267,000 over the last year. Veterans are also waiting 119 days less than they did a year ago for their claims to be processed.

Tuesday - 04/01/2014, 02:56pm EDT

TSP performance mixed in March

With gains on Wall Street hitting some headwinds in March, the performance of funds in the Thrift Savings Plan last month lagged behind February's advances. Three of the TSP's five regular funds ended the month in negative territory.

Tuesday - 04/01/2014, 01:34pm EDT

House budget seeks to up feds' retirement contributions

The budget blueprint unveiled by Rep. Paul Ryan (R-Wis.) Tuesday includes a handful of proposals affecting the federal workforce that Ryan and House Republicans have championed in the past. Among them, the recommendation that federal employees contribute more of their salary toward their pensions and a proposal to shrink the federal workforce by 10 percent through attrition.

Tuesday - 04/01/2014, 12:54pm EDT

Rush hour or sleep late? Your call!

The way things are going, a lot of long-time feds are doing the math to see how much longer they can afford to work. So do you keep fighting rush-hour traffic or give yourself the option to sleep late? Follow the money, Senior Correspondent Mike Causey says.

Tuesday - 04/01/2014, 02:00am EDT

Taxes: Pay them now or pay them later

Where and how you watch the Superbowl or Dancing With the Stars may depend on when and if you pay your taxes, Senior Correspondent Mike Causey says. So how can a Roth TSP help you, maybe, make a million tax-free dollars?

Monday - 03/31/2014, 02:00am EDT

Your 3.3 percent raise and the R Word

Is that 3.3 percent proposed federal pay raise missing an important political component? Some would say it needs the R word to be a winner, Senior Correspondent Mike Causey says.

Friday - 03/28/2014, 02:30am EDT

OPM wants to keep FEHBP premium increases 'in check'

Office of Personnel Management Director Katherine Archuleta says she wants to keep premium increases for federal employees' health coverage "in check." In a keynote speech at the annual FEHB Program Carrier Conference in Arlington, Va., Thursday Archuleta also called on insurance carriers to make prescription drugs more affordable and urged more federal employees to sign up for wellness programs.

Thursday - 03/27/2014, 11:34am EDT

Cuts to military pay and benefits can't wait, Pentagon tells Congress

Defense officials say they are eagerly awaiting next year's report from a congressionally-chartered commission that's currently examining military compensation. But officials say intense pressure on the top-line defense budget demands significant changes to personnel spending.

Thursday - 03/27/2014, 04:30am EDT
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Investing: Channel your inner robot

Investing for retirement might be a lot easier if you were a robot, rather than a flesh-and-blood human-being, Senior Correspondent Mike Causey says. Especially one who watches the news a lot.

Thursday - 03/27/2014, 02:00am EDT

The TSP: What's in it for you?

Financial advisor Arthur Stein will answer your calls and emails about the TSP. Also, Nicole Blake Johnson and Andy Medici of the Federal Times will discuss a possible downsizing of the U.S. Postal Service.
March 26, 2014

Wednesday - 03/26/2014, 07:04pm EDT
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House Dems push for larger pay raise for feds

House Democrats are pushing for federal employees to get a pay raise next year that's more than three times larger than President Barack Obama proposed. A bill introduced Wednesday by Reps. Gerry Connolly (D-Va.) and Jim Moran (D-Va.) would provide federal employees with a 3.3 percent across-the-board pay raise in 2015.

Wednesday - 03/26/2014, 10:47am EDT

Suze O on the TSP's 'free money'

If your spouse or know-it-all sibling told you about free money you would probably ignore them, Senior Correspondent Mike Causey says. But if financial guru Suze Orman said it's available through your TSP, you'd stand at attention!

Wednesday - 03/26/2014, 02:00am EDT

Married feds: What happens after you've gone?

Married federal couples face a tough but important choice when they retire, Senior Correspondent Mike Causey says. Should they provide a survivor benefit?

Tuesday - 03/25/2014, 02:00am EDT
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