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Postal Service finds $75B dollar overpayment

The Postal Service inspector general says the agency overpaid $75 billion into the Civil Service Retirement System from 1972 to 2009. Michael Thompson, Director of Capital Investments for the Postal Service Office of Inspector General, explains.

Tags: Federal Drive , Postal Service , USPS , Michael Thompson , inspector general , Management , business model , Suzanne Kubota

Monday - 06/28/2010, 11:08am EDT

Retirees Return to Government

If you are retired but want to come back into government there are two ways. One lets you keep your pension and your salary. The other limits pay but lets you build a bigger annuity. Senior Correspondent Mike Causey has the details.

Tags: pay and benefits , Mike Causey , rehire retirees , FERS , VERA , VSIP , Ed Zurndorfer , Neal Schiff , Allan Roth

Wednesday - 05/19/2010, 04:00am EDT

How to maximize your Social Security benefits

James Marshall, Federal Retirement Counselor and Instructor, discusses the issue for both CSRS and FERS employees.
May 17, 2010

Tags: pay and benefits , For Your Benefit , FERS , Social Security

Thursday - 05/13/2010, 04:54pm EDT

Are You Under CSRS, FERS or WUD?

Are you under the CSRS retirement plan or the FERS program that replaced it or, like a growing number of feds, have you moved into the WUD system. Senior Correspondent Mike Causey says it's the fastest growing pension plan in the nation.

Tags: P&B , Mike Causey , FERS , WUD

Tuesday - 04/06/2010, 04:00am EDT

Accidents Happen: CSRS vs. FERS

If you read yesterday's column you know there is a slim chance you might have been placed in the wrong federal retirement system. If so, Senior Correspondent Mike Causey has a way to make things right for yourself.

Tags: P&B , FERS , Mike Causey , Bob Braunstein , National Institute for Transition Planning

Wednesday - 03/31/2010, 04:00am EDT

Who's on FERS?

Remember the Abbott & Costello baseball routine about "Who's on First?" Well Senior Correspondent Mike Causey says there is a federal version. He calls it "Who's on FERS". It's about workers who are placed in the wrong retirement system. Could you be one of them?

Tags: P&B , Mike Causey , FERS , CSRS Offset , Bob Braunstein

Tuesday - 03/30/2010, 04:00am EDT

TSP: Getting Bigger & Better

What's has 8 million legs, is worth $250 billion dollars and is considered the biggest and best thing of its kind? Senior Correspondent Mike Causey says that's one way to describe your Thrift Savings Plan which is going to get bigger and better.

Tags: P&B , Mike Causey , TSP , Roth IRA , Roth 401(k) , FERS , John Bogle

Thursday - 03/04/2010, 04:00am EST

Is Your Pension a Target?

Is your federal retirement program the bull's eye in a bigger target? Senior Correspondent Mike Causey says January is traditionally the time when wild rumors circulate. Mostly nothing happens but this time, he says, keep one eye open... just in case.

Tags: P&B , Mike Causey , FERS , buyout , rumor control , budget

Wednesday - 01/27/2010, 04:00am EST

Retirees $250 Tax Credit

If you have retired from the government you may be eligible for a $250 federal tax credit. Senior Correspondent Mike Causey explains how it works and how to apply for it. And if you're still working, pass this on to a retired colleague.

Tags: P&B , Mike Causey , tax credit , Social Security

Friday - 01/15/2010, 04:00am EST

Your 2010 Lucky Numbers

January always means some new numbers for members of the federal family. Today Senior Correspondent Mike Causey talks about two of the most important numbers you need to know.

Tags: P&B , Mike Causey , FERS , Voluntary Contributions

Wednesday - 01/06/2010, 04:00am EST
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