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Fortunate feds: Job stability, retirement and health benefits

Senior Correspondent Mike Causey once again turns over to longtime reader, Dennis S., who spent a long time with Uncle Sam and a lot of time in the private sector. He says both the government and the private sector have their upsides and downsides. But he thinks its important to appreciate what you've got and live in the moment.

Tags: Mike Causey , Federal Report , pay and benefits , pay , retirement , TSP , workforce

Monday - 07/02/2012, 02:00am EDT

USPS overpays pension obligations by $13.1B, report says

A new inspector general audit revealed that the Postal Service has overfunded its pension benefit obligations by nearly 105 percent. While this might seem to be good news for the cash- strapped agency, legislative action will be required for USPS to get back the $13.1 billion surplus it paid into its employees' pensions.

Tags: USPS , retirement , FERS , CSRS , Federal Drive , Michael OConnell , inspector general

Tuesday - 06/26/2012, 07:15am EDT

Old job-related nightmares resurface

Which occupational group has the worst nightmares: alligator wrestlers or federal workers? Thw answer might surprise you, Senior Correspondent Mike Causey says.

Tags: Mike Causey , Federal Report , pay and benefits , retirement , workforce

Tuesday - 06/19/2012, 02:00am EDT

TSP executive director gives update on data breach

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.

Tags: pay and benefits , TSP , TSP hack , Greg Long , Your Turn , Mike Causey

Wednesday - 06/13/2012, 09:23pm EDT
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Roth TSP is NOT a Roth IRA!

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.

Tags: Mike Causey , Federal Report , pay and benefits , retirement , TSP , Roth TSP , Greg Long , Kim Weaver , workforce

Tuesday - 05/15/2012, 02:00am EDT

Reports indicate federal workers' comp long overdue for update

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.

Tags: Labor , pay and benefits , workforce , GAO , FECA , Congress , Andrew Sherrill , In Depth , Francis Rose

Monday - 04/30/2012, 09:51pm EDT
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Pensions to feel bipartisan bite

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.

Tags: Mike Causey , Federal Report , pay and benefits , retirement contribution , workforce , Congress , Darrell Issa , House Oversight and Government Reform Commitee

Friday - 04/27/2012, 02:00am EDT

Wall Street or Walmart: What's in your future?

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 ...

Tags: Mike Causey , Federal Report , pay and benefits , retirement , workforce , security clearances

Wednesday - 04/25/2012, 02:00am EDT

Living on 1/3 of your income

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?

Tags: pay and benefits , OPM , retirement , retirement backlog , Mike Causey , Federal Report , workforce

Monday - 03/26/2012, 02:00am EDT

Feds: Is that a dust cloud or the Mongol horde?

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 ...

Tags: pay and benefits , workforce , Mike Causey , Federal Report , FEHBP ,

Thursday - 03/22/2012, 02:00am EDT
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