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3:03 am, October 23, 2014

Retirement News

What can USPS learn from TRICARE in funding retiree health care costs?

As lawmakers consider efforts to shore up the Postal Service's financial footing, there's still widespread disagreement over whether the current requirement for the agency prefunding requirement is fiscally responsible, as Rep. Blake Farenthold (R-Texas) argued during a House Oversight and Government Reform subcommittee hearing Thursday, or an "onerous mandate" only required of the Postal Service, as Rep. Stephen Lynch (D-Mass.) contended.

Friday - 03/14/2014, 02:48pm EDT

Staff Sergeant Alexandra Springman, Davis-Monthan Air Force Base

The Air Force celebrates the retirement of one of its own - doggie style.

Thursday - 03/13/2014, 01:40pm EDT
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The TSP and more

CBS MoneyWatch Columnist Allan Roth discusses what you can do to maximize your TSP investments, and Nicole Johnson from the Federal Times discusses OPM's plans to reform its IT systems.
March 12, 2014

Wednesday - 03/12/2014, 07:37pm EDT
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House committee OKs bill making TSP's L Funds the default for new hires

New Thrift Savings Plan participants would be automatically enrolled in an age-appropriate Lifecycle Fund -- instead of the G Fund -- under a bill set to be debated Wednesday by the House Oversight and Government Reform Committee. The Smart Savings Act, introduced by the committee's chairman, Rep. Darrell Issa (R-Calif.), is supported by the Federal Retirement Thrift Investment Board.

Tuesday - 03/11/2014, 04:14pm EDT

Estate planning and powers of attorney

Thomas J. O'Rourke, an attorney from Miles and Stockbridget, P.C., answer your calls and emails about estate planning, and changes in the laws governing powers of attorney.
March 10, 2014

Monday - 03/10/2014, 09:34pm EDT
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Retirement claims tick up in February, OPM retools federal retirement forecast

More than 12,000 federal employees filed for retirement last month, according to new data from the Office of Personnel Management. That was about 2,200 more retirement applications than the agency expected to receive under new monthly projections it began using this month. Despite an overall slower pace of retirements this year compared to last, OPM's progress in clearing a longstanding inventory of claims appears to have stalled. In fact, the backlog grew in February by more than 2,200 claims.

Thursday - 03/06/2014, 12:46pm EST

Financial awareness NOW!

Host Bob Leins and Certified Financial Planner Karen Schaeffer answer your calls and emails on what to do now to protect your financial assets in the future.
March 3, 2014

Monday - 03/03/2014, 08:41pm EST
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Bieber, Beyonce or buyout: What are your odds?

Given the choice, would you choose a date with Justin Bieber, an evening with Beyonce or a $25,000 buyout? Given the odds, chances are you will never have to make a choice, Senior Correspondent Mike Causey says. But be prepared...

Friday - 02/28/2014, 02:00am EST

What's ahead for feds in 2014?

Federal Times writers Andy Medici and Sean Reilly and NARFE legislative director Jessica Klement will talk about some of the issues affecting feds in 2014.
February 26, 2014

Wednesday - 02/26/2014, 05:48pm EST
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What happens when you order steak and get Spam cutlets?

When you are expecting a big expensive wedding cake and somebody brings you a single Twinkie it can strain the relationship. That's sort of the situation today between federal and postal unions and the White House, Senior Correspondent Mike Causey says.

Wednesday - 02/26/2014, 02:00am EST

More agencies turn to targeted buyouts, early retirements

While the latest rounds of buyouts and early retirements span agencies as diverse as the Naval Sea Systems Command and the Interior Department's Bureau of Land Management, one thing many of them have in common is the targeted nature of the offers. In many instances, agencies are targeting offers to employees in specific job areas or agency locations.

Tuesday - 02/25/2014, 05:07pm EST

The monster under your bed is real!

Was there a monster under your bed when you were a kid? Did demons lurk in your closet waiting for lights out? Well they may be gone, but now as an adult civil servant there's a real terror lurking out there, Senior Correspondent Mike Causey says.

Tuesday - 02/25/2014, 02:00am EST

What's on your mind?

The NITP's Bob Leins and Tammy Flanagan answer your retirement and financial planning questions.
February 24, 2014

Monday - 02/24/2014, 07:05pm EST
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TSP board considers rebranding Lifecycle Funds

The Federal Retirement Thrift Investment Board is eyeing another potential tweak to the Thrift Savings Plan's Lifecycle Funds their name. Lifecycle Funds, also known as L Funds or target-date funds, are made up of a mix of the five core TSP funds that shifts over time. But board members are concerned the "fund" label may be confusing to TSP participants. In its place, the board is considering changing the name to "Lifecycle strategies."

Monday - 02/24/2014, 03:38pm EST

A $48K hit to your retirement? Pray For Gridlock!

Could political gridlock save you up to $48,000 in retirement? It could if it blocks a politically explosive plan to trim future cost-of-living adjustments for retirees, Senior Correspondent Mike Causey says.

Friday - 02/21/2014, 01:35pm EST

Obama dumping chained CPI, which feds, employee groups strongly opposed

Today's announcement that President Barack Obama would not be including a proposal to calculate cost-of-living changes to federal retirement rates in his 2015 budget should be welcome news to federal employees, legislators and federal-employee support groups who opposed it.

Thursday - 02/20/2014, 02:46pm EST

Officials: Obama drops budget cost-of-living trims

APNewsBreak: Obama budget to drop past offer to trim cost-of-living hikes in federal benefits

Thursday - 02/20/2014, 02:30pm EST

House Dems, employee groups want Obama to chuck chained CPI

More than 100 members of the House and a dozen outside groups have signed on to a letter to President Barack Obama from Rep. Allyson Schwartz (D-Pa.) requesting that the upcoming White House budget not include a proposal to alter the way retirees' cost-of-living adjustments are calculated. The National Active and Retired Federal Employees Association, the American Federation of Government Employees and the Military Officers Association of American have signed on in support of the letter.

Wednesday - 02/19/2014, 02:58pm EST

Whom can you trust?

Marc Levine, of Handler and Levine LLC, offers advice on how to choose your trustees, powers of attorneys and executors.
February 17, 2014

Monday - 02/17/2014, 09:24pm EST
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Buyouts: From off-the-rack to tailor made

Now that early-outs and buyouts are popping up in various agencies, the obvious question, for younger and older workers is: What's in it for me? Unlike the one-size fits all buyouts of the 1990s, the new version is tailor-made to individual groups, grades and regions, Senior Correspondent Mike Causey says.

Friday - 02/14/2014, 02:00am EST
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