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Search Tags: buyouts
Lt. Gen. Darrell Jones, the Air Force's deputy chief of staff for manpower, personnel and services, says that mandated cuts will not alter the services' ability to do its job.
The combination of buyouts, a surge in baby boomer retirements and a hostile Congress may make this the worst year, maybe ever, to consider retiring, Senior Correspondent Mike Causey says.
NARFE's David Snell and Federal Times reporters Stephen Losey and Sean Reilly join host Mike Causey to talk about the issues affecting your job and retirement.
March 7, 2012
Tags: pay and benefits , David Snell , NARFE , federal retirement , OPM , Stephen Losey , Sean Reilly , Federal Times , National Security Personnel System , USPS , downsizing , Mike Causey , Your Turn with Mike Causey
Worried about another pay freeze next year? Thinking about retiring to get a cost of living adjustment? Timing is everything, and for some people its already too late, Senior Correspondent Mike Causey says.
The IRS has offered another, more targeted round of buyouts. The agency, however, plans to grant buyouts and early-outs to a limited number of employees — about 270 out of the 1,600 who are eligible, according to a staff email received by Federal News Radio. An IRS email said the targeted nature of the buyouts is different from previous offers and includes specific areas not covered before. The latest round of early-outs is the third set of offers in as many months.
The lab has submitted a plan to the National Nuclear Security Administration and is waiting for approval to offer the buyouts.
They say that everybody's got a price, so what's yours? What would it take for Uncle Sam to convince you to retire? Because you may be facing that decision soon, Senior Correspondent Mike Causey says.
Federal Times Editor Steve Watkins, Senior Writer Sean Reilly,and NARFE Legislative Director Julie Tagen will discuss how government employees will be affected by proposed cuts to the federal budget.
February 15, 2012
Tags: pay and benefits , Congress , budget battle , budget cuts , retirement , Federal Times , Steve Watkins , Sean Reilly , NARFE , Julie Tagen , supercommittee , House , Senate , Mike Causey , Your Turn
Experts have long predicted a federal retirement tsunami, and the steady uptick in retirement applications across 2011 appears to bear that out. Overall, 104,810 retirement applications were filed by federal employees in calendar-year 2011, according to numbers provided by OPM — a 24 percent increase over 2010 levels.
The Government Printing Office has announced more than 300 employees left the agency in the second half of 2011, mostly because of the buyouts and early retirements the agency offered last year. GPO's workforce is now stands at its lowest levels in a century, the agency said in a release.