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USPS offers buyouts to 45,000 mail handlers

The U.S. Postal will offer buyouts and early retirements to more than 45,000 mail handlers, USPS announced Friday. Employees opting for the early-out will receive a $15,000 incentive payment half to be paid in December, and the other half to be paid in December 2013. The new buyout offers are the result of "in depth discussions" between USPS and the National Postal Mail Handlers Union and an agreement that was inked Tuesday.

Tags: pay and benefits , workforce , buyouts , budget , USPS , National Postal Mail Handlers Union , John Hegarty

Friday - 05/25/2012, 07:40pm EDT
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Fed salaries, USPS, and more

Host Mike Causey will talk about several issues affecting federal workers with Bill Bransford, general counsel of the Senior Executives Association and Steve Watkins and Stephen Losey of the Federal Times.
May 23, 2012

Tags: pay and benefits , USPS , federal salaries , Bill Bransford , Senior Executives Association , Federal Times , Steve Watkins , Stephen Losey , Your Turn , Mike Causey

Wednesday - 05/23/2012, 08:09pm EDT
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The A-Z of the TSP

Hosts Bob Leins and Tammy Flanagan discuss the Roth TSP with the Federal Retirement Thrift Investment Board's executive director, Greg Long, Director of External Affairs Kim Weaver and Assistant General Counsel Laurissa Stokes.
May 14, 2012

Tags: pay and benefits , For Your Benefit , Greg Long , Kim Weaver , Laurissa Stokes , Bob Leins , Tammy Flanagan , Roth TSP , TSP , Andrew Mitchell

Monday - 05/14/2012, 03:00pm EDT
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Retirement and insurance

Joan Melanson from Long Term Care Partners and retirement benefits specialist James Marshall will talk about the retirement and insurance options that feds should consider.
May 18, 2012

Tags: workforce , OPM , pay and benefits , insurance , Bill Bransford , Joan Melanson , Long Term Care Partners , James Marshall , Fed Talk

Friday - 05/18/2012, 08:40pm EDT
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Roth TSP is NOT a Roth IRA!

Do you know the difference between a Roth IRA and the Roth TSP option? Because if you don't, it could cost you thousands of dollars in taxes and in future income when you retire, Senior Correspondent Mike Causey says.

Tags: Mike Causey , Federal Report , pay and benefits , benefits , TSP , Roth TSP , Greg Long , Kim Weaver , workforce

Tuesday - 05/15/2012, 02:00am EDT

The creature that ate your pension

If you ask the typical federal/postal worker what his or her greatest job-related fear was, many would answer they are afraid Congress will change their retirement rules and base their benefits on their highest five-year average salary. Yet the likelihood of losing the current high-three system is small compared to other, more real threats, Senior Correspondent Mike Causey says.

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

Friday - 05/11/2012, 02:00am EDT

House OKs bill increasing feds' retirement contributions

The GOP-controlled House passed legislation Thursday requiring federal workers to contribute more toward their retirement. The Sequester Replacement Act of 2012 proposed gradually increasing federal employees' pension contributions by 5 percent over five years as an alternative to sequestration.

Tags: House , Congress , Paul Ryan , budget , sequestration , pay and benefits , retirement contribution

Thursday - 05/10/2012, 05:32pm EDT

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
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