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9:48 pm, July 13, 2014

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VA benefits set to slightly increase in 2014

When veterans and their families, who receive disability compensation and retirement benefits from the Veterans Affairs Department, receive their annual cost-of-living increase next month, for the first time ever, it won't be rounded down to the nearest dollar. Overall, the COLA for veterans benefits will increase 1.5 percent. Until this year, the COLA for veterans' benefits was rounded down to the nearest dollar. That will change with payments beginning in January.

Tags: VA , Eric Shinseki , pay and benefits , disability benefits , COLA , Jack Moore

Wednesday - 12/04/2013, 11:41am EST

Plan B: You need 4 of them when shopping for insurance

In most serious situations, it's good to have a fallback Plan B. When shopping for health insurance you need four of them, Senior Correspondent Mike Causey says.

Tags: Mike Causey , Federal Report , pay and benefits , FEHBP , Open Season

Monday - 12/02/2013, 02:00am EST

Sorry, your retirement date is extended 5 years!

Suppose Congress passed a law requiring you to work an extra five years? You'd be furious, right? Suppose, because you are just plain cheap, you forced yourself to work an extra five years? Guess what? It happens every day, Senior Correspondent Mike Causey says.

Tags: Mike Causey , Federal Report , pay and benefits , Open Season , FEHBP

Wednesday - 11/27/2013, 02:00am EST

Feds who took TSP withdrawals during shutdown locked out of contributing for next six months

During the 16-day government shutdown last month, more than 14,000 Thrift Savings Plan participants withdrew money from their accounts, the highest number of hardship withdrawals in a single month ever. This may have helped participants weather the financial uncertainty of the shutdown. But, under TSP rules, it also means they'll be unable to contribute to their 401(k)-style retirement accounts for the next six months. Now, the Federal Retirement Thrift Investment Board, which oversees the TSP, is concerned that not all those participants will take the initiative to restart their contributions when the penalty period expires next spring.

Tags: pay and benefits , TSP , workforce , government shutdown , Michael Kennedy , Greg Long , Renee Wilder , Kim Weaver , hardship withdrawals , Jack Moore

Monday - 11/25/2013, 03:26pm EST

About those gaps ... in your teeth

Do you have a colleague who is always so upbeat, so happy that it gets on your nerves? If so, there is a sure-fire way to make him or her lose that grin, Senior Correspondent Mike Causey says.

Tags: Mike Causey , Federal Report , pay and benefits , Open Season , Walt Francis

Thursday - 11/07/2013, 02:00am EST

Issa bill would open FEHBP to all Americans, but at what cost?

Rep. Darrell Issa (R-Calif.) introduced a bill that would open up the federal health program to all Americans, but one federal employee union has come out to oppose it and benefits experts question how much it would cost.

Tags: Darrell Issa , FEHBP , Walt Francis , Colleen Kelley , NTEU

Thursday - 10/24/2013, 03:51pm EDT
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Young, immortal and uninsured!

You work for Uncle Sam. You are young, healthy and immortal. Who needs health insurance? Well, you may be in for a surprise, Senior Correspondent Mike Causey says.

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

Friday - 10/25/2013, 02:00am EDT

Retiree COLAs: Is bigger always better?

When it comes to cost-of-living adjustments for retirees, bigger is always better, right? Or is it? Either way, some changes may be coming in the way the government tracks inflation, Senior Correspondent Mike Causey says.

Tags: Mike Causey , Federal Report , pay and benefits , COLA

Wednesday - 10/16/2013, 02:00am EDT

TSP's multimillion-dollar plan calls for more customized experience

The Federal Retirement Thrift Investment Board kicked off this week a multimillion-dollar plan to revamp the Thrift Savings Plan. The $2.3 million initiative, which was approved by board members last month, calls for TSP officials to broadly survey participants on the services and offerings they desire as well as how the TSP stacks up against other plans, including those in the private sector.

Tags: pay and benefits , FRTIB , TSP , Renee Wilder , Federal Drive , Tom Temin , Emily Kopp , Jack Moore

Tuesday - 10/15/2013, 11:14am EDT
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