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Search Tags: pay and benefits
Health insurance premiums on average are going up next year. While the increase isn't as high as many experts predicted it will still be a jolt to feds who have been on a pay raise diet for the past three years, Senior Correspondent Mike Causey says. Then there is the question of whether that "average" increase is 3.7 percent or more like 4.4 percent?
Sen. Claire McCaskill (D-Mo.) wants to know whether many of the federal government's Senior Executive Service members are deserving of the bonus payments they receive. McCaskill, who chairs a Senate subcommittee on financial and contracting oversight, wrote to the head of the Government Accountability Office, asking the watchdog agency to investigate whether bonuses paid to SES employees involved in contract management are effective tools in reducing costs or improving contract performance.
Members of the Federal Retirement Thrift Investment Board approved a nearly 18 percent increase in the agency's budget for the coming fiscal year that will help lay the groundwork for a wholesale overhaul of the TSP participant experience, board officials say. The single, new initiative included in the 2014 budget is the first in a series of steps built around redesigning the entire participant experience, the board's executive director, Greg Long told board members.
Do the taxpayers really need to keep funding your career? What does the government think about your services? You may find out soon, Senior Correspondent Mike Causey says.
Health premiums for federal employees are going up an average of 3.7 percent, according to the Office of Personnel Management. Postal Service employees, who separate negotiating rights over premiums, will see, on average, a 3.8 percent increase.
A leading set of proposals comes from a House GOP leadership office and was circulating on Washington's K Street lobbying corridor on Monday. It includes a plan to increase pension contributions of federal civilian workers by up to 5 percentage points and lowering the federal match accordingly, which could help defray the deficit by up to $84 billion over a decade.
Financial advisor John Jilek gives advice on how to maximize the value of your insurance plans.
September 23, 2013
There are several ways to become a millionaire. You can become Oprah's best friend or, if you work for the federal government, you can do it via the TSP. More than 900 feds have million dollar accounts, and Senior Correspondent Mike Causey found out how one of them did it.
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
Is the person in the next cubicle really a closet millionaire? Does the person who organized your carpool have a seven-figure retirement nest egg? Senior Correspondent Mike Causey wants to know: Are you rich and don't know it?