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Search Tags: retirement
Tammy Flanagan, the senior benefits director for the National Institute of Transition Planning, joined In Depth with Francis Rose to discuss recent proposals on federal retirements.
The Pentagon has unveiled details of a 10-year strategy for defense cuts — including reductions in military pay and benefits. But before any large-scale changes are made, service members should be given a chance to voice their opinions of their compensation packages, the Center for Strategic and Budgetary, a prominent defense think tanks argues. "The Pentagon is already starting to move to make changes in the compensation system," said CSBA senior fellow Todd Harrison. "And basically our point here is before we start tinkering with things, before we start making changes we need to understand first how service members actually view different parts of their compensation package."
While many federal workers are worried about their future retirement benefits, some experts say that a possible change in pension rules wouldn't be that big a deal, Senior Correspondent Mike Causey reports ... or would it?
Many times in life we are faced with options — sometimes a variety — and none of them are good. That's definitely true for current and retired federal government workers, Senior Correspondent Mike Causey says.
It's not the easiest time to tackle the growing backlog of retirement applications from federal employees. The Office of Personnel Management has received more than 15,000 new applications this month, which is more than double the normal load, said Retirement Services Director Ken Zawodny.
The Government Printing Office has announced more than 300 employees left the agency in the second half of 2011, mostly because of the buyouts and early retirements the agency offered last year. GPO's workforce is now stands at its lowest levels in a century, the agency said in a release.
John Palguta of the Partnership for Public Service, Jessie Klement of the Federal Managers Association, Beth Moten of the American Federation of Government Employees will talk about the proposed federal pay freeze and other issues affecting federal employees.
January 20, 2011
Tags: workforce , FEDtalk , federal pay debate , pay and benefits , deficit reduction , payroll tax holiday , pay freeze , Jennifer Mattingley , John Palguta , Partnership for Public Service , Jessie Klement , Federal Managers Association , Beth Moten , AFGE
Tim McManus, the vice president of education and outreach at the Partnership for Public Service, joined In Depth with Francis Rose to discuss what federal managers can do to fill in the blanks in their workforces as retirements and buyouts increase.
The board that oversees the Thrift Savings Plan is reminding federal employees that their G Fund investments are safe — even if the government reaches the debt ceiling and cannot issue new securities to the G fund.
The Office of Personnel Management is trying to tackle its retirement services backlog with more staff and upgraded technology.