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Search Tags: retirement
Your new employees start in the Thrift Savings Plan automatically now and they contribute to an account that's invested in the G Fund. But that may change soon. Kim Weaver is director of external affairs at the Federal Retirement Thrift Investment Board. She said on In Depth with Francis Rose the Senate Homeland Security and Governmental Affairs Committee is ready to look at legislation that will start off new federal employees with a different investing strategy.
Boosted by a recovering economy and a booming Wall Street, assets in the Thrift Savings Plan have continued to climb. Since reaching $400 billion in February — the highest amount ever recorded — assets under TSP management grew to more than $412 billion by the end of last month. But as total assets have increased, so have calls to tweak the program that's provided federal employees with 401(k)-style retirement accounts since 1987. Still, the TSP has consistently resisted calls to modify its simplified, tried-and-true structure.
Federal benefits expert Bob Braunstein will discuss the Federal Erroneous Retirement Coverage Corrections Act.
June 23, 2014
On this week's Your Turn radio show, an encore presentation of host Mike Causey's interview with OPM Director Katherine Archuleta. She discusses the status of phased retirement, the retirement-claims backlog and other civil service issues. Andy Medici from the Federal Times joins the show live to discuss President Obama's executive order banning discrimination among LGBT employees of contractors.
June 18, 2014
Tags: pay and benefts , Department of Veterans Affairs , OPM , Katherine Archuleta , OPM backlog , phased retirement , civil service reform , Andy Medici , Federal Times , LGBT , contracting , whistleblower protections , Mike Causey , Your Turn
What's one area where federal retirees are financially better off than feds who are still working? If you said cost-of-living adjustments, you are a winner, Senior Correspondent Mike Causey says. The January COLA for retirees will be bigger than the planned pay raise for active-duty feds.
Federal retirement filings are lower than the Office of Personnel Management expected. May's total was several hundred fewer than OPM expected to file for retirement. For federal employees thinking about retirement, you're not just dealing with a numbers issue. Tammy Flanagan, senior benefits director for the National Institute for Transition Planning, tells In Depth with Francis Rose why you should think about more than just dollar signs.
The Office of Personnel Management says it will not finalize regulations on phased retirement for a few more months. But what happens when it does? Federal News Radio's Web Manager Julia Ziegler joined Tom Temin and Emily Kopp on the Federal Drive to discuss federal employees' questions about phased retirement.
How do you find the handful of feds interested in leaving federal service in a large, bored, lookalike crowd? Answer: Shout out the words "buyout" and/or "phased retirement" and stand back, Senior Correspondent Mike Causey says.
Show co-hosts Bob Leins and Tammy Flanagan will talk about a wide variety of benefit programs for federal workers and retirees.
June 9, 2014
The Office of Personnel Management cut the longstanding backlog of pending retirement claims by more than a third in the first half of 2014. By the end of May, the inventory of claims had fallen to about 14,500, according to new OPM data released Thursday. That's down 38 percent from a peak of more than 23,500 claims in February.