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Search Tags: retirement
The current language of H.R. 3813 increases the CSRS and FERS employees' contribution to their retirements by 1.5 percent over three years. For individuals not subject to mandatory retirement who choose to retire on or after Jan. 1, 2013, the FERS minimum supplement is eliminated. Currently, the FERS minimum supplement is paid to those qualifying employees who retire prior to age 62.
When you think of federal workers, the term "swinger' isn't the first thing that pops into your head. But after some of the changes politicians want to make, anything could happen.
The personnel proposals included in the 2013 Defense Department budget include hikes to healthcare fees, cutbacks in both uniformed and civilian personnel. DoD also plans to save money through continued efficiencies and plans to increase the acquisition workforce.
President Obama's fiscal 2013 budget request released today ends the two-year federal pay freeze but increases contributions feds will have to make toward their retirement benefits.
The Pentagon begins the process of revealing its budget plan for fiscal year 2013. The proposal includes the scaling back of several weapons systems, savings on personnel costs, along with an assurance from top DoD officials that even though the military will be smaller, it will be more agile and more capable.
Tags: DoD , DoD budget , reversibility , efficiencies , Budget Control Act , sequestration , strategic guidance , Leon Panetta , James Winnefeld , Martin Dempsey , pay and benefit , workforce , Jared Serbu , On DoD , TRICARE , acquistion workforce , budget , Robert Hale , BRAC , IT efficiencies
Experts have long predicted a federal retirement tsunami, and the steady uptick in retirement applications across 2011 appears to bear that out. Overall, 104,810 retirement applications were filed by federal employees in calendar-year 2011, according to numbers provided by OPM — a 24 percent increase over 2010 levels.
Tammy Flanagan, the senior benefits director for the National Institute of Transition Planning, joined In Depth with Francis Rose to discuss how feds should prepare for retirement.
Federal employees would pay more toward their pensions and new employees would receive less generous retirement benefits under a House Republican plan to pay for highway programs.
Federal unions and some lawmakers have lambasted a proposed bill that would make changes to federal retirement benefits. The "Securing Annuities for Federal Employees Act of 2012" is set to go before the House Committee on Oversight and Government Reform Tuesday for a markup session, in which lawmakers will be able to introduce amendments.
A new letter, signed by Sens. Mark Warner (D-Va.), Barbara Mikulski (D-Md.) and Ben Cardin (D-Md.), calls on the Office of Management and Budget to take on the "urgent matter" of processing federal retirements. The letter comes a week after a Senate subcommittee hearing in which the Office of Personnel Management was taken to task for its handling of the longstanding backlog.