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Search Tags: retirement
Federal, military and Social Security retirees get a cost-of-living adjustment like clockwork each and every year, even during years when federal workers do not get pay raises. But the 2014 cost-of-living adjustment for retirees is up in the air and on attack on two very different fronts, Senior Correspondent Mike Causey says.
In order to avoid defaulting on the national debt, Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time.
Tom O'Rourke, principal with the law firm Miles and Stockbridge, P.C., talks about your 2013 taxes with host Bob Leins.
May 13, 2013
Thinking of retiring within the next 12 to 18 months? Tired of traffic, being beaten up by politicians and facing a furlough? And who knows when the current three-year pay freeze will ever end? So call it a day, right? Put in your papers and everything will be okay, correct? Wrong, wrong wrong. Are you nuts? Retiring is not the answer for everyone, Senior Correspondent Mike Causey says.
The Office of Personnel Management has made steady progress chipping away at a longstanding backlog of retirement claims. But Oversight Committee lawmakers and other government watchdogs remain concerned that the absence of a long-term plan to overhaul the mostly paper-based process combined with across-the-board budget cuts and a lack of strong leadership within OPM could stall or derail the progress the agency has made.
Host Mike Causey will discuss the OPM retirement processing backlog with NARFE Legislative Director Jessica Klement and the Federal Times' Stephen Losey.
May 8, 2013
The number of federal employees filing retirement claims in April dipped below expectations following months of unexpectedly high numbers, according to new data from the Office of Personnel Management. OPM received 7,059 claims last month, about 1,000 fewer than expected.
All Thrift Savings Plan funds continued to perform well in April. While only two funds reported higher return rates for the month compared to March, all funds posted positive returns.
Federal News Radio Senior Correspondent Mike Causey answers your calls and emails about a wide variety of issues affecting federal workers.
April 29, 2013
Tags: pay and benefits , budget 2014 , budget battle , sequestration , furloughs , federal pay raise , FERS supplement , FERS retirement program , budget cuts , retirement planning , federal benefits , Bob Leins , Tammy Flanagan , NITP , Mike Causey , Federal News Radio , For Your Benefit
The Office of Personnel Management says sequestration cuts have forced the agency to suspend overtime hours for employees working in its Retirement Services office and to curtail call-center hours.