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Search Tags: retirement
The Smart Savings Act would make the Lifecycle Funds the default investment option in the Thrift Savings Plan for new federal employees.
The Air Force will offer early retirement and buyouts to civilian personnel, in order to eliminate nearly 3,500 positions, officials announced Monday. The service estimates the cuts will save the Air Force $1.6 billion over the next five years.
Making the call to turn your investment decisions over to a financial planner is a big decision for just about anybody, but there are several important factors that make that decision even more complicated for federal employees. Tammy Flanagan is Senior Benefits Director for the National Institute of Transition Planning. She's writing about some of the elements of that decision making process for soon-to-retire feds, and shared her thoughts on In Depth with guest host Jared Serbu.
Benefits expert John Elliott will discuss what you should be doing to prepare for retirement, and OPM Director Katherine Archuleta will talk about the status of phased retirement, the retirement-claims backlog and other civil service issues.
July 9, 2014
The Office of Personnel Management now says it hopes to have regulations governing phased retirement finalized by October. That can't come soon enough for many federal employees on the cusp of retirement who are caught in the regulatory limbo.
The Office of Personnel Management received fewer claims in June, but it continued to whittle away at its claims backlog.
Is there life after government service? Short answer: Yes. A retired fed tells how his agency's bureaucratic ways turned him into a late-blooming "R.O.M.E.O.," gave him a life-long friend and introduced him to the man who shared a North Vietnamese prison cell with Sen. John McCain.
NITP Senior Benefits Director Tammy Flanagan will answer your retirement questions.
July 2, 2014
As part of an ongoing effort to reduce costs, the Postal Service will offer early-outs and buyouts to more than 3,000 postmasters. Those who accept will leave the agency Sept. 30 -- the last day of fiscal 2014.
When you go from intern to top manager and then, later, to retiree, you learn a lot. Today we hear from a NARFE local president who says the phased retirement program, when it starts, could be a great thing for young workers and old-timers, too.