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GOP caucus budget cuts feds' retirement, health benefits

The Republican Study Committee, a caucus of House conservatives, laid out a budget blueprint that increases federal employees' pension contributions and incentivize feds to enroll in lower-priced health plans.

Tags: Republican Study Committee , budget , pay and benefits , FEHBP , Scott Garrett , Jim Jordan , Jolie Lee

Wednesday - 03/28/2012, 12:38pm EDT

Zombie government

Would changing federal retirement rules trigger a mad rush to retirement? Or would it turn the government into an institution run by tired, over- the-hill zombies, Senior Correspondent Mike Causey wonders ... kind of like Congress.

Tags: Mike Causey , pay and benefits , workforce , Congress , annuity payments , House , Senate

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

OPM continues cutting retirement backlog as claims fall below expectations

For the third straight month, the Office of Personnel Management received fewer federal retirement claims than projected, according to monthly federal retirement data. OPM also met its processing goals for the month and the longstanding backlog of claims has fallen by 21 percent since January.

Tags: OPM , retirement backlog , pay and benefits , workforce

Thursday - 07/05/2012, 02:54pm EDT

OPM offers Fourth of July tips for financial freedom in retirement

But the Office of Personnel Management is prodding federal employees to also think about financial freedom especially in retirement. As part of its Retirement Readiness Now series, OPM compiled a list of four things feds should do to start getting a handle on their future retirement. Tammy Flanagan, the senior benefits director at the National Institute of Transition Planning, discussed the tips on In Depth with Francis Rose.

Tags: In Depth , Francis Rose , Tammy Flanagan , NITP , pay and benefits ,

Tuesday - 07/03/2012, 08:52pm EDT
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GSA offers second round of buyouts

The General Services Administration is offering buyouts and early retirements to 1,022 employees. The employees have until July 20 to apply and must separate from service between Aug. 3 and Sept. 30.

Tags: GSA , buyouts ,

Monday - 07/02/2012, 09:18am EDT

TSP numbers bounce back in June

All 10 Thrift Savings Plan funds finished the month of June with positive figures, ending a several month slide into the red. The I Fund grew from -11.40 percent in May to 7.08 percent on June 30.

Tags: TSP , Federal Retirement Thrift Investment Board , Michael OConnell

Tuesday - 07/03/2012, 09:38am EDT

Fortunate feds: Job stability, retirement and health benefits

Senior Correspondent Mike Causey once again turns over to longtime reader, Dennis S., who spent a long time with Uncle Sam and a lot of time in the private sector. He says both the government and the private sector have their upsides and downsides. But he thinks its important to appreciate what you've got and live in the moment.

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

Monday - 07/02/2012, 02:00am EDT

Financial planning & long term care

Host Mike Causey will talk estate planning with attorney Tom O'Rourke, and long term care with Paul Forte and Mary Lou McGuiness of Long Term Care Partners.
June 27, 2012(Encore presentation July 4, 2012)

Tags: pay and benefits , estate planning , powers of attorney , trusts , Paul Forte , Mary Lou McGuiness , Long Term Care Partners , Medicare , Medicaid , Mike Causey , Your Turn , Tom ORourke

Wednesday - 06/27/2012, 09:13pm EDT
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USPS overpays pension obligations by $13.1B, report says

A new inspector general audit revealed that the Postal Service has overfunded its pension benefit obligations by nearly 105 percent. While this might seem to be good news for the cash- strapped agency, legislative action will be required for USPS to get back the $13.1 billion surplus it paid into its employees' pensions.

Tags: USPS , benefits , FERS , CSRS , Federal Drive , Michael OConnell , inspector general

Tuesday - 06/26/2012, 07:15am EDT

The Voluntary Contribution Program

Hosts Bob Leins and Tammy Flanagan discuss the Voluntary Contribution Program and its relation to both the Roth IRA and the Roth TSP.
June 25, 2012

Tags: pay and benefits , Voluntary Contribution Program , Roth IRA , Roth TSP , Bob Leins , Tammy Flanagan , For Your Benefit

Monday - 06/25/2012, 10:02pm EDT
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