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Search Tags: pay and benefits
After solid showings in March and April, Thrift Savings Plan funds lost a little steam last month, according to new data from the Federal Retirement Thrift Investment Board. Overall, two of the five regular funds posted ended May in negative territory, including the F Fund (the bond market) and the I Fund (international stocks). The F Fund is down 0.76 percent for the year.
Feds who are already retired (and those who plan to retire someday soon) have several worries, Senior Correspondent Mike Causey says. For those about to take the plunge, the concern is the backlog of applications at the Office of Personnel Management. For those already on the roles the fear is that future benefit increases will be downsized each year.
Not that long ago, the Office of Personnel Management faced a crisis in processing retirement claims. In part two of our special report, "Retirement Conundrum," Federal News Radio examines how OPM set out to beat its backlog, and how it can stay ahead of an unexpected surge in claims amid automatic budget cuts that threaten to derail progress.
A federal retirement tsunami has been predicted for years but never quite materialized. In our special report, "Retirement Conundrum," Federal News Radio reexamines the trends and developments that led to the botched predictions and what it means today with a recent uptick in retirements reviving old worries.
NARFE legislative director Jessica Klement and Federal Times writer Stephen Losey, join host Mike Causey to talk about the self-plus-one health plan option and the chained CPI.
May 29, 2013
What does Jackass: The Movie have to do with the federal health plan, considered the nation's biggest and best? Well it boils down to the risk pool and an administration plan to set up a third category for self-plus-one coverage, Senior Correspondent Mike Causey says.
When it comes to those annual cost-of-living adjustments, a growing number of federal workers and retirees actually get diet COLAs each January. And that would get worse -- and extend to all retirees under a White House plan that has strong congressional backing, Senior Correspondent Mike Causey says.
Retirement coach Mike Townshend talks about what feds should think about as they plan for their retirement.
May 27, 2013
It's been nearly a year since Congress set up the program to allow employees to take phased retirement, working three or four days a week to help mentor their successors and get used to retirement. And although it's been fast-tracked, it still hasn't happened, Senior Correspondent Mike Causey says. So, what's up?
Steve Bauer, executive director of the Federal Employee Education and Assistance Fund, and Federal Times Senior Writer Stephen Losey will discuss furloughs and other issues affecting federal workers.
May 22, 2013
Tags: Steve Bauer , Federal Employee Education & Assistance Fund , FEMA , Oklahoma tornado , Oklahoma City bombing , furloughs , sequestration , Federal Times , Stephen Losey , TSP , TSP L fund , OPM , OPM backlog , Mike Causey , Your Turn