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