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Search Tags: CSRS
Federal benefits specialist James Marshall answers your calls and emails about your deposit/redeposit options.
May 20, 2013
What do vampires have to do with a long-lived urban myth about a super-secret federal retirement plan? The short answer is that both are very hard to put to rest, Senior Correspondent Mike Causey says. But here goes, again ...
As part of the special series, FERS: 25 Years Later, Federal News Radio welcomed to its studios a retired federal couple, Neil Schiff and Linda Habenstreit who represent the federal retirement divide. When Schiff retired from the FBI's Office of Public Affairs, he was a FERS enrollee. His wife, a long-time public affairs specialist in the Agriculture Department's Foreign Agricultural Service, was covered by CSRS.
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.
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.
Although the number of retirement-eligible feds may be at an all-time high, government workers are holding on to their jobs. The retirement tidal wave — first forecast in 1999 — has yet to hit, Senior Correspondent Mike Causey says. So what's keeping you?
A new inspector general audit revealed that the Postal Service has overfunded its pension benefit obligations by nearly 105 percent. While this might seem to be good news for the cash- strapped agency, legislative action will be required for USPS to get back the $13.1 billion surplus it paid into its employees' pensions.
Worried about another pay freeze next year? Thinking about retiring to get a cost of living adjustment? Timing is everything, and for some people its already too late, Senior Correspondent Mike Causey says.
If you have a stash of cash and you want to park it in one of the safest, most generous places around, where do you go? Tip: It isn't the Thrift Savings Plan, Senior Correspondent Mike Causey says.
Thanks to the two-year pay freeze and two years of higher health premiums many federal workers today are taking home less money than they were in 2010, Senior Correspondent Mike Causey says. Some alert feds are also curious as to whether Congress has plans to extend their pay freeze until 2013, 2014 or maybe even until 2015.