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Search Tags: retirement
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.
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?
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.
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.
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
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
Of the more than 8,200 respondents, 86 percent were satisfied with TSP, according to the survey by the Federal Retirement Thrift Investment Board.
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.
Estate planning specialist Marc Levine provides tips on how to prepare for your family's financial future.
April 30, 2012
Recent data from the Office of Personnel Management suggests that the long-predicted retirement tsunami of federal employees may have started. As more and more baby boomers opt to retire, a vacuum of knowledge and experience is being left behind at many agencies. Some federal managers are now scrambling to figure out ways to ride out the wave.