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Senate proposal lops off FERS pensions for new hires

A new bill introduced by a trio of Republican senators would end the defined benefit portion of FERS coverage for new federal employees hired within six months of the bill's passage. Sponsors of the bill say the Public-Private Employee Retirement Parity Act would align federal retirement benefits more closely with those earned in the private sector.

Tags: Congress , Senate , pay and benefits , retirement , Richard Burr , Tom Coburn , Saxby Chambliss , Jack Moore

Friday - 11/15/2013, 01:45pm EST

Getting a head start on the retirement process

Hosts Bob Leins and Tammy Flanagan offer advice on what you need to do if you are planning to retire in the next few months.
September 9, 2013

Tags: pay and benefits , retirement , retirement benefits , retirement processing , CSRS , FEHB , life insurance , health benefits SF 2818 , Tammy Flanagan , Bob Leins , For Your Benefit

Tuesday - 09/10/2013, 12:11am EDT
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Escaping the golden handcuffs

Several hundred thousand federal workers, from Defense to the IRS and OPM are still wearing golden handcuffs, which many are trying to shed. They include some of Uncle Sam's best, brightest and most experienced people, says Senior Correspondent Mike Causey.

Tags: CSRS , retirement , workforce , Mike Causey

Friday - 08/09/2013, 02:00am EDT

Deposits or redeposits are they for me?

Federal benefits specialist James Marshall answers your calls and emails about your deposit/redeposit options.
May 20, 2013

Tags: retirement contributions , retirement planning , pay and benefits , federal retirement , deposits and redeposits , CSRS , Bob Leins , James Marshall , For Your Benefit

Monday - 05/20/2013, 07:07pm EDT
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House OKs federal pension hike as part of fiscal-cliff alternative

The House approved a bill Thursday requiring federal employees to contribute more toward their retirement as part of a broader deal to avert the the so-called fiscal cliff. The 2012 Spending Reduction Act is nearly identical to a measure passed by the House last spring.

Tags: fiscal cliff , sequestration , pay and benefits , retirement , budget , Jack

Thursday - 12/20/2012, 07:12pm EST

The best date to retire and more

Host Mike Causey is joined by Bob Leins and Tammy Flanagan, hosts of Federal News Radio's For Your Benefit program. They will talk about how you can plan your retirement to maximize your benefits.
January 2, 2013

Tags: pay and benefits , FERS retirement program , Tammy Flanagan , Bob Leins , retirement benefits , retirement planning , Mike Causey , Your Turn with Mike Causey , For Your Benefit

Tuesday - 01/01/2013, 10:01pm EST
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Couple navigates FERS-CSRS retirement divide

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.

Tags: CSRS , FERS: 25 Years Later , Neal Schiff , Linda Habenstreit , pay and benefits , retirement , Federal Drive

Thursday - 12/13/2012, 06:12pm EST
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25 years later, FERS still 'excellent' plan for feds

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.

Tags: Arthur Stein , FERS: 25 Years Later , CSRS , retirement , benefits , Federal Drive , TSP , Roth TSP , Michael OConnell

Wednesday - 12/12/2012, 12:13pm EST
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Federal Drive Interviews -- Dec. 12, 2012

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

Wednesday - 12/12/2012, 09:32am EST

FERS pioneers examine past, present and future of retirement fund

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.

Tags: pay and benefits , FERS: 25 Years Later , Judy Park , Tom Trabucco , NARFE , Federal Retirement Thrift Investment Board , TSP , Mike Causey , Your Turn

Wednesday - 12/12/2012, 08:02pm EST
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