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Navy says 'no' to lawmaker's layoff request

Rep. Scott Rigell's (R-Va.) asked the Navy to postpone its layoff dates for a year. The Navy is laying off 3,000 sailors to help balance its force profile.

Tags: Scott Rigell , Navy , layoffs , DoD , DoD Report , Federal Drive , benefits

Friday - 07/13/2012, 09:17am EDT

Will you wind up a 2 percenter?

When the power company announces that 98 percent of its customers have had their electricity restored it means that 2 percent are still in the dark. Thanks to an upsurge in retirements some federal retirees are experiencing a long wait in getting full benefits, Senior Correspondent Mike Causey says.

Tags: OPM , John Berry , OPM backlog , Mike Causey , Federal Report , pay and benefits , workforce

Friday - 07/13/2012, 02:00am EDT

Custer's last stand and your retirement

Why is your decision to retire someday, or take a buyout right away, something like the problem Gen. Custer faced during the Battle of the Little Big Horn? Senior Correspondent Mike Causey explains.

Tags: OPM , retirement backlog , pay and benefits , benefits , Mike Causey , Federal Report

Thursday - 01/19/2012, 02:00am EST

The long gray line: Your retirement

If you've retired in the last year, you know all about the long wait to get a full annuity payment. OPM has declared war on the backlog, but how does it win? Some experienced feds suggest you can help your own case, Senior Correspondent Mike Causey says.

Tags: OPM , John Berry , pay and benefits , workforce , Mike Causey , Federal Reprort , retirement backlog

Friday - 01/20/2012, 02:00am EST

Feds need to develop a strategy to ease retirement path

The Office of Personnel Management received more the 15,000 new retirement applications this month. Ed Zurdorfer, registered employee benefit consultant, offers some advice on how federal employees can make the road to retirement less stressful.

Tags: OPM , Ed Zurndorfer , pay and benefits , Federal Drive

Friday - 01/27/2012, 11:09am EST
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Feds on the road to nowhere

Congress is taking a new road, literally, in its drive to trim federal retirement benefits and force civil servants to kick in more to their pension plan, Senior Correspondent Mike Causey says. This time its the so-called highway bill ...

Tags: pay and benefits , benefits , Mike Causey , Federal Report , Congress , House , Senate

Friday - 02/10/2012, 02:00am EST
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How to plan for the Roth TSP option

You've got some thinking to do about your investments. The people who manage your Thrift Savings Plan have published draft rules for a Roth option that would let you put in after-tax money.

Tags: Ed Zurndorfer , pay and benefits , Federal Drive , TSP , Roth TSP ,

Friday - 02/10/2012, 11:32am EST
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Bill to cut federal retirement benefits saves $44B, CBO says

The House bill H.R.3813 would require federal workers to contribute 1.5 percent more of their salaries toward retirement over three years and end a supplemental payment for early retirees under the Federal Employee Retirement System.

Tags: CBO , pay and benefits , House , Congress

Monday - 02/13/2012, 09:08am EST

Life in the bullseye. So, what's next?

After 18 months of inactivity and extended vacation, Congress exhibited a blinding burst of speed last week before it left on yet another vacation. The bad news is that the action it took was aimed at future federal workers and you, well into your career, may be next, Senior Correspondent Mike Causey says.

Tags: benefits , pay and benefits , Mike Causey , Federal Report , Congress

Tuesday - 02/21/2012, 02:00am EST

Companies stick agencies with retirement bill

Tom Schatz, president of Citizens Against Government Waste, says the government is paying for private employees' retirements has been a legitimate business expense for years under cost-accounting standards.

Tags: Tom Schatz , Citizens Against Government Waste , Federal Drive , benefits , watchdog , Pay and Benifits , DoE

Tuesday - 02/21/2012, 12:30pm EST
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