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Search Tags: FERS
The Postal Service asked Congress Tuesday to change laws requiring them to pre-pay health benefits and overfund the Federal Employees' Retirement System. Republicans say USPS needed to do much more to "right-size" its costs and operations.
Tags: management , pay and benefits , Congress , USPS , Patrick Donahoe , Darrell Issa , Louis Giuliano , James Miller , American Postal Workers' Union , Dennis Ross , Ed Towns , Gerry Connolly , John Buckner
Some members of Congress believe that the best way to improve government services is to break the spirit of people who work for government. Senior Correspondent Mike Causey says that's one way, but not necessarily the smart way, to do business.
Postmaster General Pat Donahoe said he's ready to announce more RIFs and without legislative help USPS will face insolvency this year. Sen. Susan Collins introduced a bill to help solve some of the challenges the Postal Services faces.
Tags: management , pay and benefits , Susan Collins , Stephen Lynch , Pat Donahoe , Darrell Issa , Dennis Ross , USPS , Senate Homeland Security and Governmental Affairs , House Oversight and Government Reform Committee , CSRS , budget , Jason Miller
Patrick Donahoe became the 73rd Postmaster General Friday, assuming control of the Postal Service in the midst of a fiscal crisis. Donahoe said USPS will reduce its workforce by another 7,500 people in 2011. Still, he's optimistic about the future. In the short term, however, the reality is that postal workers are likely to suffer while the agency tries to balance its books.
Has the proposed social security tax cut triggered a civil war in your office? Senior Correspondent Mike Causey says in some locations there is a major rift between younger workers under the FERS system who would get the break and their older CSRS colleagues who won't get it.
How would you like a pay freeze and a two percent raise at the same time. Senior Correspondent Mike Causey says that's what may happen to a large chunk of the federal workforce.
Friday is supposed to be a slow news day so we'll limit it to this: a 3 year pay freeze, 10 percent job cut, higher FEHBP premiums for retirees, lower benefits for future retirees and some other stuff. Interested? Check out Senior Correspondent Mike Causey's federal report.
If you read yesterday's column you know there is a slim chance you might have been placed in the wrong federal retirement system. If so, Senior Correspondent Mike Causey has a way to make things right for yourself.
If you are retired but want to come back into government there are two ways. One lets you keep your pension and your salary. The other limits pay but lets you build a bigger annuity. Senior Correspondent Mike Causey has the details.
James Marshall, Federal Retirement Counselor and Instructor, discusses the issue for both CSRS and FERS employees.
May 17, 2010