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Shows & Panels
Search Tags: FERS
Dr. A. Hunter Fanney talks about a house the NIST Engineering Lab is using to study green technologies. Dr. Cheryl Martin discusses the Energy Department's recent round of grants to foster new technology. Financial Planner Arthur Stein discusses the impact of FERS over the last 25 years. Pete Kasperowicz of The Hill newspapers reviews upcoming legislation on Capitol Hill.
Tags: Hunter Fanney , NIST , green energy , Energy Department , Cheryl Martin , financial planning , FERS: 25 Years Later , Pete Kasperowicz , The Hill , Congress , DoD , DoD Report , cybersecurity , Cybersecurity Update , Federal Drive
In the 25 years since the Federal Employees Retirement System went into effect, much has changed when it comes to federal retirement. Tom Trabucco, the former longtime director of external affairs at the Federal Retirement Thrift Investment Board, and Judy Park, the former legislative director of the National Active and Retired Federal Employees (NARFE) Association, joined Your Turn with Mike Causey for a look back at the creation of FERS and how it has evolved over the years.
Tom Trabucco, the former long-time director of external affairs for the Federal Retirement Thrift Investment Board, said legislative changes to the federal retirement system made by Congress a quarter-century ago actually succeeded in achieving its goals and serve as a reminder of what can be accomplished when something big needs to be done and key leaders step up to the line.
The Federal Employees Retirement System, which overhauled federal pensions, turned 25 years old this year. But, the history of the federal retirement structure extends farther back than that. In this timeline, follow the key events that led to the creation of FERS.
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.
August is hot in DC, Atlanta, Houston, St. Louis and Cincinnati and lots of other places too. But those of us inside the Beltway get a break you don't...that's because for the next month...until after Labor Day, tens of thousands of the people who at times make this such a toxic town are away — back with the folks who sent them here in the first place.
Janet Kopenhaver, Washington representative for
Federally Employed Women, will talk about the
impact of some bills pending in Congress that
affect federal employees.
July 18, 2012
Tags: pay and benefits , pay debate , Congress , Janet Kopenhaver , Federally Employed Women , Federal Times , Sean Reilly , pay freeze , FERS retirement program , FERS supplement , defined benefit , Mike Causey , Your Turn
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.