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OPM issues phased retirement guidance

Federal employees who choose to retire part-time and return to federal service under a new phased-retirement option will have to spend at least 20 percent of their time on mentoring activities, according to proposed rules from the Office of Personnel Management, which were released today in the Federal Register

Tags: OPM , pay and benefits , phased retirement , Jack Moore

Tuesday - 06/04/2013, 09:15pm EDT

OPM processes fewer retirement applications than expected in May

The Office of Personnel Management's efforts to process retirement claims and reduce a longstanding backlog slipped last month, after the agency was forced to cancel employee overtime because of automatic budget cuts. OPM processed 10,954 claims in May, according to new data, 546 fewer than it had projected. That's only the third time in the past 16 months - since the agency rolled out a new plan for clearing the backlog that OPM failed to hit its processing goal.

Tags: OPM , retirement backlog , Jack Moore , sequestration , overtime

Wednesday - 06/05/2013, 04:03pm EDT

What you need to know about long-term care and retiring happy

On this week's Your Turn program, Mike interviews Paul Forte with Long Term Care Partners and retirement expert Stan Hinden.

Tags: Paul Forte , Stan Hinden , longterm care , Mike Causey , Your Turn

Wednesday - 06/05/2013, 04:29pm EDT
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Financial awareness NOW!

Host Bob Leins and Certified Financial Planner Karen Schaeffer answer your calls and emails on what to do now to protect your financial assets in the future.
June 3, 2013

Tags: pay and benefits , Bob Leins , Karen Schaeffer , Schaeffer Financial , financial plan , financial advice , financial planning , NITP , For Your Benefit

Monday - 06/03/2013, 08:41pm EDT
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TSP gains lag in May

After solid showings in March and April, Thrift Savings Plan funds lost a little steam last month, according to new data from the Federal Retirement Thrift Investment Board. Overall, two of the five regular funds posted ended May in negative territory, including the F Fund (the bond market) and the I Fund (international stocks). The F Fund is down 0.76 percent for the year.

Tags: TSP , pay and benefits , Jack Moore

Monday - 06/03/2013, 03:17pm EDT

Worried about retirement? Join the club

Feds who are already retired (and those who plan to retire someday soon) have several worries, Senior Correspondent Mike Causey says. For those about to take the plunge, the concern is the backlog of applications at the Office of Personnel Management. For those already on the roles the fear is that future benefit increases will be downsized each year.

Tags: Mike Causey , Federal Report , pay and benefits , COLA , chained CPI , OPM backlog , furloughs

Friday - 05/31/2013, 02:00am EDT

Panel discussion: Combating a retirement-driven brain drain

In this special Federal Drive panel discussion, guest experts discuss the impending retirement wave and how agencies can plan effectively for the loss of experience and knowledge when their long-time employees head for the experts.

Tags: Federal Drive , Tom Temin , Emily Kopp , Al Tyree , Graduate School USA , Sheila Wright , HUD , Christopher Hardy , DAU , knowledge management , Retirement Conundrum

Friday - 05/31/2013, 02:54pm EDT
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Sequestration threatens OPM's low-tech plan to beat retirement backlog

Not that long ago, the Office of Personnel Management faced a crisis in processing retirement claims. In part two of our special report, "Retirement Conundrum," Federal News Radio examines how OPM set out to beat its backlog, and how it can stay ahead of an unexpected surge in claims amid automatic budget cuts that threaten to derail progress.

Tags: OPM , backlog , Ken Zawodny , pay and benefits , Retirement Conundrum , Dave Snell , NARFE , George Kettner , Jack Moore

Thursday - 05/30/2013, 07:40pm EDT

Forecasting the retirement wave: What's behind the flubbed predictions?

A federal retirement tsunami has been predicted for years but never quite materialized. In our special report, "Retirement Conundrum," Federal News Radio reexamines the trends and developments that led to the botched predictions and what it means today with a recent uptick in retirements reviving old worries.

Tags: OPM , Retirement Conundrum , Workforce , pay and benefits , John Palguta , Jeff Neal , Peter Leeds , Partnership for Public Service , MSPB , Dave Snell , NARFE , Jack Moore , exclusive

Wednesday - 05/29/2013, 05:00am EDT
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Agencies fight uphill battle to retain critical knowledge and skills

Even though a massive federal retirement tsunami has been a no-show, even a moderate uptick in retirements could pose challenges for agencies -- especially as they face decreasing budgets and declining staffs. In part three of our special report, "Retirement Conundrum," Federal News Radio examines how agencies plan to retain institutional knowledge and fill critical skills gaps as longtime employees head for the exits.

Tags: Retirement Conundrum , GAO , Robert Goldenkoff , John Palguta , Partnership for Public Service , Jeff Neal , HUD , Sheila Wright , Training , Cathy Biggs-Silver , VA , virtual learning , Jack Moore , Peter Leeds , MSPB

Friday - 05/31/2013, 02:41am EDT
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