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2:35 pm, July 28, 2014

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Personalize your retirement day

When deciding to retire there is one day, but lots of different dates, that is best for you, Senior Correspondent Mike Causey says. How do you figure out the difference?

Tags: Mike Causey , federal report , pay and benefits , Tammy Flanagan , best date to retire

Monday - 12/09/2013, 02:00am EST

AFGE, NTEU try to stave off changes to retirement benefits

The two employee unions say lawmakers shouldn't make up for sequestration cuts by forcing federal employees to contribute more to their retirement. House and Senate legislators are working on a small-scale budget deal that reportedly includes a provision to alter federal retirement benefits.

Tags: workforce , pay and benefits , Colleen Kelley , NTEU , J. David Cox , AFGE , Steny Hoyer , Congress , Paul Ryan , Patty Murray , Gerry Connolly , Frank Wolf , Jim Moran , budget , jason miller

Friday - 12/06/2013, 04:07am EST

Even as federal retirements continue declining, OPM processing nosedives

The number of federal employees filing for retirement is on a downward swing. For the fifth month in a row, fewer federal employees than expected filed for retirement, according to new data from the Office of Personnel Management. However, OPM's efforts at processing federal-employee retirement applications also took a nosedive last month. OPM processed just 5,700 claims in November, less than half of what it predicted it would and nearly half the number of cases the agency cleared last month.

Tags: OPM , Ken Zawodny , retirement backlog , Jack Moore

Thursday - 12/05/2013, 05:32pm EST

The problem and solution are the same thing: You!

What do so many Washington-based politicians have in common with a firefighter with an arson problem? Both spend a lot of time solving problems they created, Senior Correspondent Mike Causey says.

Tags: Mike Causey , federal report , pay and benefits , Congress , retirement contributions , Doug Lamborn , Jim Bridenstine

Thursday - 12/05/2013, 02:00am EST

New bill aims to cancel sequestration for DoD at cost to feds' pay and benefits

Reps. Jim Bridenstine (R-Okla.) and Doug Lamborn (R-Colo.) introduced a bill Tuesday to cancel sequestration for the Defense Department for two years. The bill would offset this change by using a chained CPI to calculate COLAs for federal retirement programs along with other entitlement reforms.

Tags: Jim Bridenstine , Doug Lamborn , COLAs , chained CPI , pay and benefits , budget , sequestration , House , Frank Wolf , Michael OConnell , DoD

Tuesday - 12/03/2013, 04:32pm EST

Why increasing feds' retirement contributions may not help cut the deficit

Requiring federal employees to contribute more of their salary toward retirement is rumored to be among the proposals being considered by the House-Senate budget conference committee as an partial alternative to the sequestration budget cuts. The proposal, which the Congressional Budget Office has concluded would increase federal revenues by nearly $20 billion over 10 years, has criticism from federal-employee unions. But now, at least one think tank, known for its hawkish stance on reducing the deficit, says the proposal could end up not saving the government a dime.

Tags: pay and benefits , retirement contributions , Committee for a Responsible Federal Budget , Jack Moore

Monday - 12/02/2013, 06:00am EST

Will budget committee target feds' retirement contributions?

Even as mystery surrounds the work of the House-Senate budget committee negotiating over fiscal 2014 funding levels and possible alternatives to devastating across-the-board budget cuts known as sequestration, there's consensus emerging about some of the potential bargaining chips the committee is likely to use. That includes requiring federal workers to contribute more of their salaries toward their pensions.

Tags: Congress , House , Senate , budget , sequestration , pay and benefits , retirement contributions , Stephen Lynch , Jack Moore

Monday - 12/02/2013, 06:00am EST

Bill calls for 'socially responsible' TSP fund

A new bill would allow federal employees to contribute toward their retirement by investing only in companies deemed socially responsible. The "Federal Employees Responsible Investment Act," introduced this week by Rep. Jim Langevin (D-R.I.) and Sen. Sheldon Whitehouse (D-R.I.), would require the Federal Retirement Thrift Investment Board to add a "Corporate Responsibility Index" to the existing five investment options available to federal employees.

Tags: Congress , pay and benefits , TSP , socially responsible investment , Jim Langevin , Sheldon Whitehouse , FRTIB

Friday - 11/22/2013, 05:14pm EST

Year-end retirees miss COLA boat

Planning to retire soon to cash in on that 1.5 percent cost-of-living adjustment? Good plan, except for one problem, Senior Correspondent Mike Causey says. The good ship USS COLA has sailed!

Tags: Mike Causey , federal report , pay and benefits , COLA

Monday - 11/18/2013, 02:00am EST

Senate proposal lops off FERS pensions for new hires

A new bill introduced by a trio of Republican senators would end the defined benefit portion of FERS coverage for new federal employees hired within six months of the bill's passage. Sponsors of the bill say the Public-Private Employee Retirement Parity Act would align federal retirement benefits more closely with those earned in the private sector.

Tags: Congress , Senate , pay and benefits , FERS , Richard Burr , Tom Coburn , Saxby Chambliss , Jack Moore

Friday - 11/15/2013, 01:45pm EST
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