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Search Tags: Retirement
Washington attorney John Mahoney, and Federal Times writers Stephen Losey and Sean Reilly answer your questions about sequestration and furloughs.
February 20, 2013
Tags: pay and benefits , sequestration , furloughs , budget debate , budget battle , TSP , unemployment , retirement , pay freeze , pension liability , John Mahoney , Sean Reilly , Stephen Losey , Federal Times , Mike Causey , Your Turn
Gerontology professor and NITP presenter Dr. Michael Creedon answers your retirement questions.
February 18, 2013
If you could pick any historical event to relive, it probably wouldn't be the maiden voyage of the Titanic — that didn't go well. And now, 100 years later, federal, military and Social Security retirees are just becoming aware of a political iceberg that could punch a hole in their future benefits, Senior Correspondent Mike Causey says.
In the latest proposals traded back and forth between the White House and Boehner, the President proposed changing the formula the Labor Department uses to measure inflation — which would reduce annual COLAs for Social Security beneficiaries, including federal and military retirees. Federal-employee unions and groups remain worried the COLA proposals are still very much on the table.
In the fiscal-cliff talks, it now appears that both sides have blinked. Republicans appear willing to accept some higher taxes and Democrats seem to have agreed that Social Security's growing costs must be curtailed. Slightly and slowly. So how will the proposals affect you? Check out Senior Correspondent Mike Causey's column.
If Congress and the White House change the yardstick used to measure inflation, will retirees barely notice or will they have to go on a diet of Hamburger Helper and Ramen Noodles? Check out Senior Correspondent Mike Causey's column for more.
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.
Most financial gurus recommend we all have an emergency cash stash for a rainy day. For federal workers and federal contractors, that could be sooner rather than later thanks to possible furloughs and a tidal wave of retirements, Senior Correspondent Mike Causey says.
Are you sick of hearing the F-word coming out of Washington? Would you offer yourself up as buyout bait? If the answer to either is yes, check out Senior Correspondent Mike Causey's Federal Report for the latest forecast.
Federal employees retired in droves last month, with more than 22,000 filing retirement claims with the Office of Personnel Management -- about about 1,000 more than OPM expected. The agency processed 12,527 retirement claims last month, also beating its projections.