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2:50 am, September 2, 2014

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More feds doing life sentences

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?

Tags: Mike Causey , federal report , TSP , pay and benefits , CSRS , retirement , buyout

Thursday - 10/06/2011, 02:11am EDT

USPS overpays pension obligations by $13.1B, report says

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.

Tags: USPS , retirement , benefits , CSRS , Federal Drive , Michael OConnell , inspector general

Tuesday - 06/26/2012, 07:15am EDT

Retiring - the only way to get ahead?

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.

Tags: pay and benefits , retirement , workforce , Mike Causey , federal report , CSRS , COLA , pay raise

Friday - 04/06/2012, 02:00am EDT

Are you better off now than you were two years ago?

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.

Tags: workforce , pay and benefits , retirement , Mike Causey , federal report , Congress , annuity , COLA , pay freeze , CSRS

Monday - 04/02/2012, 02:00am EDT

Light at end of tunnel: Sunshine or trainwreck?

For federal workers traveling through the congressional tunnel: Is that light they see sunshine or an oncoming train wreck? Either way their journey isn't over by a long shot, Senior Correspondent Mike Causey says.

Tags: pay and benefits , pay , benefits , Mike Causey , Congress , workforce , pay freeze , retirement contribution

Friday - 03/02/2012, 02:00am EST

House to vote on federal pension changes separate from highway bill

The current language of H.R. 3813 increases the CSRS and FERS employees' contribution to their retirements by 1.5 percent over three years. For individuals not subject to mandatory retirement who choose to retire on or after Jan. 1, 2013, the FERS minimum supplement is eliminated. Currently, the FERS minimum supplement is paid to those qualifying employees who retire prior to age 62.

Tags: Gerry Connolly , Congress , House , transportation bill , pay and benefits , retirement , CSRS , Patricia Niehaus , Federal Managers Association

Wednesday - 02/15/2012, 01:23pm EST

Feds should expect more of the same in 2013 budget, expert says

Steve Bell, senior director of the Bipartisan Policy Center's Economic Policy Project, says while the President's proposed budget includes some interesting details for feds, none of them are likely to become law.

Tags: Steve Bell , Bipartisan Policy Center , OMB , budget , Federal Drive , Michael OConnell

Monday - 02/13/2012, 09:51am EST
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Lawmakers continue battle over federal retirement benefits

In the latest attempt to cut federal retirement benefits, the House Oversight and Government Reform Committee has reported out legislation that would make feds contribute more of their salaries to their pensions and end the FERS annuity supplement for people who retire before age 62.

Tags: Emily Kopp , John Sepulveda , Veterans Affairs , Darrell Issa , Gerry Connolly , Dennis Ross , pay and benefits , NTEU , House Oversight and Government Reform Committee , workforce , CSRS , House

Wednesday - 02/08/2012, 05:41am EST

Lawmakers spar over proposed federal retirement cuts

Lawmakers should keep their hands off federal employees' retirement plans, National Active and Retired Federal Employees Association Director of Retirement Benefit Services David Snell said at a hearing of the House Oversight and Government Reform Subcommittee on Federal Workforce, U.S. Postal Service and Labor Policy. The subcommittee is considering a slew of bills aimed at reducing federal pensions for both lawmakers and rank-and-file workers.

Tags: NARFE , David Snell , payroll tax cut , Congress , House , House Oversight and Government Reform Commitee , CSRS , Social Security , OPM , Emily Kopp , Stephen Lynch , Dennis Ross , Robert Dold , Tim Griffin , Mike Coffman

Wednesday - 01/25/2012, 05:06pm EST
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The Biggest Loser fed version

Many times in life we are faced with options sometimes a variety and none of them are good. That's definitely true for current and retired federal government workers, Senior Correspondent Mike Causey says.

Tags: Mike Causey , federal report , pay and benefits , pay , benefits , CSRS , FERS supplement , Congress , retirement , annuity , budget

Thursday - 01/26/2012, 02:00am EST
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