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6:08 am, October 20, 2014

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Postal Service posts $5B loss; CFO says USPS in 'precarious position'

Postal officials called on Congress to lift a 2006 congressional requirement that it make annual $5.6 billion payments to cover expected health care costs for future retirees.

Tags: Joseph Corbett , Patrick Donahoe , budget , Congress , Michael OConnell

Friday - 11/15/2013, 04:08pm EST

How to prepare for the next government shutdown

Financial planner Arthur Stein will discuss what you can do to protect your assets in the event of another government shutdown, and Sean Reilly will talk about the possibility of another shutdown, and what's ahead for feds.
October 23, 2013

Tags: pay and benefits , government shutdown , financial planning , Arthur Stein , Sean Reilly , Federal Times , budget battle , Congress , TSP , federal retirement , Mike Causey , Your Turn

Wednesday - 10/23/2013, 06:31pm EDT
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USPS says overhauling health benefits key to postal reform

The cash-strapped U.S. Postal Service says it can return to being profitable and begin to pay down its debt if Congress gives it the authority to overhaul its health benefits structure. Postmaster General Pat Donahoe told the Senate Homeland Security and Governmental Affairs Committee Thursday that launching a postal-specific health care plan would help save the agency $8 billion annually through 2016.

Tags: Congress , Senate , Senate Homeland Security and Governmental Affairs Committee , Pat Donahoe , Jon Foley , OPM , postal reform , pay and benefits , Jack Moore

Thursday - 09/26/2013, 05:45pm EDT

Phased retirement, potential shutdown, and USPS

This week's guests on the Your Turn radio program include Bob Braunstein, an expert on the upcoming phased retirement option, and Federal Times Senior Writer Sean Reilly with the latest on the possible shutdown.

Tags: shutdown , phased retirement , security clearances , Your Turn , Mike Causey

Wednesday - 09/25/2013, 03:13pm EDT
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Postmaster says Senate bill a good start to postal overhaul

Postmaster General Patrick Donahoe says a Senate bill aiming to overhaul the Postal Service's financial structure by providing the agency more flexibility to price its products is a good first step. Donahoe has been calling on Congress to approve comprehensive postal reform for much of the last two years. In that time, the cash-strapped agency has posted losses of $20 billion and defaulted on more than $11 billion in payments to prefund retiree health care costs. USPS is set to default on a $5.6 billion payment due Sept. 30 payment, Donahoe said.

Tags: postal reform , Senate , Senate Homeland Security and Governmental Affairs Committee , Patrick Donahoe , Tom Carper , Ruth Goldway , Tom Coburn , Clint Guffey , APWU , Jack Moore

Thursday - 09/19/2013, 06:00pm EDT

Estate planning, CR, and more

Attorney Thomas J. O'Rourke will answer your calls and emails on how to best prepare for your family's financial future. Also, Sean Reilly from the Federal Times will give us an update on some of the big issues affecting federal workers.
September 18, 2013

Tags: pay and benefits , estate planning , retirement planning , TSP , Sean Reilly , Federal Times , sequestration , continuing resolution , phased retirement , Mike Causey , Your Turn , Thomas J. ORourke

Wednesday - 09/18/2013, 08:40pm EDT
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