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Search Tags: benefits
It's been nearly three weeks since the Thrift Savings Plan board announced a data breach of 123,000 Thrift Savings Plan, and since then, the board has been fielding questions from participants, Congress and the media. TSP's executive director answered some of the most frequently asked questions about the breach.
Do you know the difference between a Roth IRA and the Roth TSP option? Because if you don't, it could cost you thousands of dollars in taxes and in future income when you retire, Senior Correspondent Mike Causey says.
The federal workers' compensation program has long targeted by agency inspectors general, who have cited the program's lack of oversight and susceptibility to improper payments Some members of Congress also argue the program's benefit structure, which hasn't been meaningfully updated since the mid-1970s, has led to widespread inefficiencies.
For years, federal and postal workers have benefited from congressional gridlock. Efforts to cut benefits, or force people to pay more for them, were often blocked by partisan wrangling. But where your pension is concerned, the good old days may be over, Senior Correspondent Mike Causey says.
Feds who retire with special skills and top-secret clearances often move into top jobs on Wall Street, with credit card companies or even back in government, Senior Correspondent Mike Causey says. But for those stripped of their clearances, life after Uncle Sam may mean a security guard job at a box store ...
Thinking about retiring in the next couple of years? Well, here's something to think about, Senior Correspondent Mike Causey says: How long and how well could you live if your income was cut by more than 60 percent for months at a time?
What do you suppose 13th-century peasants thought just before Genghis Khan's boys rode into town? We can't be sure, Senior Correspondent Mike Causey says, but it might be the same sort of unease modern-day federal workers have when Congress mounts its high horse ...
What do skydiving and retiring have in common? Short answer is that many people only do each once, and it is a really good idea to do it right the first time, Senior Correspondent Mike Causey says.
Four senators introduced a bill that would add Medicare patients to the Federal Employee Health Benefits Plan, as Medicare is gradually phased out. The National Active and Retired Federal Employees Association tells feds to be wary of the bill.
State and local governments are either pulling back on pensions, or stopping them completely — and private sector employers have pretty much eliminated them. This could be a bad omen for federal benefits, some experts say, because changes to the federal workforce often follow provisions that have been put in place by the states or private companies. Tammy Flanagan, senior benefits director at the National Institute of Transition Planning, joined In Depth with Francis Rose to discuss the pattern.