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Search Tags: retirement
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.
Registered employee benefit consultant Ed Zurndorfer joined The Federal Drive with Tom Temin and Emily Kopp to explain this provision, and other proposals that Congress is considering that impact your wallet.
The deadline to apply is Monday for airmen eligible for the Temporary Early Retirement Authority.
The House Oversight and Government Reform Committee is marking up legislation today that would increase federal employees' contributions to their pension by 5 percent over five years.
Feds who retire with special skills and top-secret clearances often move into top jobs on Wall Street, with credit card companies or even back in government, Senior Correspondent Mike Causey says. But for those stripped of their clearances, life after Uncle Sam may mean a security guard job at a box store ...
An amendment to a Senate bill aiming to restructure the U.S. Postal Service's financial framework would institute new agency reporting requirements for retiring federal workers in anticipation of a "deluge of retirees" from USPS. Sens. Mark Warner (D-Va.) and Barbara Mikulski (D-Md.), introduced an amendment last week that requires the Office of Personnel Management to take new steps to chip away at the longstanding backlog of federal retirement claims.
Economist Dave Redden tells For Your Benefit that young people just starting in the federal service stand to gain the most from tax-free funds in retirement.
In a rare bipartisan move, the House oversight committee voted to bring a bill allowing phased retirements of federal employees to the floor for a general vote.
It could be a long time before federal workers see another January pay raise. But for retirees, things are looking up.