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Although most federal and postal unions supported President Barack Obama in the 2008 election, they are now asking Congress to protect them from a White House proposal to permanently trim take home pay, Senior Correspondent Mike Causey says.
A House subcommittee markup of a bill to address the Postal Service's financial problems broke down along partisan lines. Democrats accused Republicans of using this legislation to weaken labor provisions. Republicans said Democrats would prefer bailing out the agency rather than making it sustainable. The bill now goes to the full House Oversight and Governmental Reforms Committee.
The plan to require feds to pay more for their pensions is a blow to your take-home pay, Senior Correspondent Mike Causey says, but it could have been — and may yet be — a lot worse.
Ed Zurndorfer, a registered employee-benefit consultant, joined the Federal Drive with tips for how federal employees can take control of their retirement.
More federal agencies are offering their employees money to quit. Federal News Radio spoke with certified financial planner Arthur Stein about the factors you should consider when thinking about a buyout.
Congress, unions, new Postmaster General all agree current payment structure for retirees is killing chances of USPS survival.
As proposed by the President, people who pay into Social Security would have their payroll tax cut by 2 percentage points next year. Those who don't pay into Social Security, like nearly 600,000 federal employees, would see no change. NARFE's Dan Adcock explains why there's grousing on both sides.
Secretary of State Hillary Clinton is calling on retired diplomats to come back to work. Clinton says they're needed to help stabilize and rebuild conflict-torn countries. John Palguta from the Partnership for Public Service explains the rules of return to the diplomatic road.
The Public-Private Employee Retirement Act of 2011, introduced in the Senate, would end the defined benefit portion of feds' retirement starting with new hires in 2013.