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Search Tags: retirement
The Office of Personnel Management released a factsheet to federal agencies in July explaining what phased retirement is and how it will work.
Mitt Romney's vice-presidential nominee, Rep. Paul Ryan (R-Wis.), was the main architect of a budget plan that would slash federal benefits and would extend the pay freeze.
Unless you get a better offer or drop dead before your time odds are you are going to eventually retire from the government...maybe in the same job you have now. But Senior Correspondent Mike Causey asks, how soon should your realistic retirement planning begin.
The Postal Service lost $5.2 billion in the third quarter of this year, bringing its year-to-date tally of red ink to $11.6 billion for the first nine months of 2012. The USPS chief financial officer said the organization's liquid assets are running perilously low. Postmaster General Patrick Donahoe faults an "inflexible" business model and urged action by Congress.
While some federal agencies are offering buyouts ranging from $15,000 to $25,000, the giant Social Security Administration is trying a new approach: No Cal buyouts. Senior Correspondent Mike Causey says if they catch on, your agency may be next.
The payroll tax cut deal made earlier this year included provisions to increase new federal employees' retirement contributions. We've posted a chart detailing how much employees and agencies will contribute.
On the In Depth show blog, you can listen to the interviews, find more information about the guests on the show each day and links to additional resources.
To be eligible, employees must have 20 years of creditable service and be at least 50 years of age, or have at least 25 years of creditable service at any age, including five years of civilian service, according to an SSA email to Federal News Radio.
Are you a lifer, or are you waiting for Uncle Sam to show-you-the-money? Buyout offers abound in government but many employees say the tough economy is a good reason to stay on the job. Senior Correspondent Mike Causey asks have you hit the tipping point yet?