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Fight for federal retirement overhaul offers lessons for today's fiscal challenges

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.

Tags: FERS: 25 Years Later , pay and benefits , Tom Trabucco , Social Security , TSP

Wednesday - 12/12/2012, 02:05am EST
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Timeline: What you never knew about the history of FERS

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.

Tags: FERS: 25 Years Later , pay and benefits

Wednesday - 12/12/2012, 02:00am EST

USPS pension surplus due to wrong salary assumptions, IG finds

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.

Tags: USPS , pay and benefits , retirement , David Partenheimer , Jon Foley , OPM , Jolie Lee

Wednesday - 10/17/2012, 02:37pm EDT

Calm Before The Storm

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.

Tags: Mike Causey , pay and benefits , workforce , sequestration , August recess , continuing resolution , early retirement

Monday - 08/06/2012, 02:00am EDT

The FEW list

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

Wednesday - 07/18/2012, 08:32pm EDT
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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
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