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USPS to offer buyouts to 21,000 postmasters

As part of a cost-savings plan designed to halt the closings of rural postal facilities, the U.S. Postal Service said it would offer $20,000 buyout incentive payments to 21,000 full-time postmasters.

Tags: USPS , buyouts , pay and benefits , workforce , congress , House , Senate , Darrell Issa , Patrick Donahoe

Wednesday - 05/09/2012, 08:44pm EDT

Pray for political inertia

What if we elected a Congress that fought all the time, couldn't agree on anything and where Democrats could hardly stand to be in the same building as Republicans, and vice versa? Well, fortunately, for federal workers we may have done that, and it could save you from taking a major pay cut over the next five years, Senior Correspondent Mike Causey says.

Tags: Mike Causey , Feeral Report , congress , House , pay and benefits , retirement contribution

Wednesday - 05/09/2012, 02:00am EDT

Federal pension hike advances as part of House alternative to automatic cuts

A plan to avoid automatic cuts to discretionary federal spending, including the Defense Department's, advanced in the House, passing the budget committee and heading to the House floor for a vote later this week. Among the $300 billion in alternative cuts approved by the committee, in a 21-9 party-line vote, is a provision requiring federal employees to pay more for their retirement benefits.

Tags: congress , House , budget , sequestration , Paul Ryan , pay and benefits , Jack Moore

Monday - 05/07/2012, 09:11pm EDT

Retirement tsunami: On or off?

The number of federal workers who retired last year was up big-time. Many experts thought the long-awaited retirement tsunami was upon us, Senior Correspondent Mike Causey says. Until last month when it slowed dramatically. So what does that mean for you?

Tags: Mike Causey , federal report , pay and benefits , workforce , retirement tsunami , OPM

Tuesday - 05/08/2012, 02:00am EDT

5 things feds should know about Roth TSP

The Thrift Savings Plan's Roth option rolls out today. The Federal Retirement Thrift Investment Board has been preparing for the new program for two years now, but despite the big push today many federal employees will actually have to wait to enroll in the new program. One of the largest federal payroll processors needs more time to upgrade its systems in preparation for the Roth option. Find information about which agencies are affected, as well as the five things feds should know about the Roth TSP below.

Tags: Roth TSP , TSP , Kim Weaver , Bob Leins , pay and benefits , Ed Zurndorfer , Tammy Flanagan , Jack Moore

Friday - 05/04/2012, 04:10pm EDT

April retirement claims lower than expected, OPM says

6,600 federal employees filed retirement claims in April 1,400 less than what was projected for the month by the Office of Personnel Management.

Tags: OPM , pay and benefits

Thursday - 05/03/2012, 10:59am EDT

Retirement wave and more

Federal News Radio's Julia Ziegler and Jolie Lee and Sean Reilly of the Federal Times will discuss a wide range of issues affecting workers in the federal government.
May 2, 2012

Tags: pay and benefits , Julia Ziegler , Jolie Lee , retirement tsunami , USPS , budget battle , Sean Reilly , Federal Times , Your Turn , Mike Causey

Wednesday - 05/02/2012, 08:14pm EDT
Listen

TSP returns stall in April

Thrift Savings Plan figures, which had been in an upward climb, appear to have stalled in April, with seven of the 10 funds finishing in the red last month

Tags: TSP , pay and benefits , workforce

Wednesday - 05/02/2012, 04:43pm EDT

Feds satisfied with TSP, survey finds

Of the more than 8,200 respondents, 86 percent were satisfied with TSP, according to the survey by the Federal Retirement Thrift Investment Board.

Tags: TSP , Federal Retirement Thrift Investment Board , Jolie Lee

Tuesday - 05/01/2012, 12:14pm EDT

This is not a drill!

After years of false alarms about benefit cuts and a brain drain, things are starting to happen, Senior Correspondent Mike Causey says. The federal retirement program may be the next casualty.

Tags: Mike Causey , pay and benefits , federal report , workforce , congress

Tuesday - 05/01/2012, 02:00am EDT
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