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CBO: House postal reform bill to save $20B in decade

The bill introduced last summer by Rep. Darrell Issa (R-Calif.) would eliminate Saturday mail delivery, close mail processing facilities, require postal employees to pay the same percentage in their health and life insurance premiums as federal employees do, and allow the Postal Service to use nearly $11 billion in surplus retirement contributions.

Tags: Darrell Issa , Joe Lieberman , USPS , FEHBP , CBO , Jolie Lee

Monday - 04/02/2012, 11:52am EDT

House OKs GOP budget plan, including pay freeze extension, pension changes

After rejecting a bipartisan compromise and President Obama's budget Wednesday, the House prepares to vote on a Republican plan that calls for an extension of the federal pay freeze through 2015, increased federal retirement contributions and a reduction of the federal workforce by 10 percent.

Tags: budget , Paul Ryan , Chris Van Hollen , Congress , House , Senate , Barack Obama , pay freeze

Thursday - 03/29/2012, 09:19am EDT

Are you better off now than you were two years ago?

Thanks to the two-year pay freeze and two years of higher health premiums many federal workers today are taking home less money than they were in 2010, Senior Correspondent Mike Causey says. Some alert feds are also curious as to whether Congress has plans to extend their pay freeze until 2013, 2014 or maybe even until 2015.

Tags: workforce , pay and benefits , Mike Causey , federal report , Congress , annuity , COLA , pay freeze , FERS , CSRS

Monday - 04/02/2012, 02:00am EDT

Obama signs short-term highway bill, feds' retirement changes stalled

The House has passed a stopgap three-month transportation bill to keep federal aid flowing to construction projects delaying a vote on a larger bill that included increasing federal employees' retirement contributions.

Tags: House , Transportation , DoT , pay and benefits ,

Thursday - 03/29/2012, 02:51pm EDT

Senate bill seeks to reform Senior Executive Service

Sen. Daniel Akaka (D-Hawaii) introduced the Senior Executive Reform Act, which would link the General Schedule with the pay system for senior executives and let senior executives include their performance bonuses in their retirement calculation.

Tags: Daniel Akaka , SES , Senior Executives Assocation , Carol Bonosaro , Max Stier , Partnership for Public Service , Congress , Senate , workforce , management , Federal Drive , Michael OConnell

Friday - 03/30/2012, 12:25pm EDT
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Retirement and SES mobility

Host Mike Causey will talk federal retirement with the NITP's Tammy Flanagan. Senior Executives Association President Carol Bonosaro will talk about a new report that looks at the mobility of members of the Senior Executives Service.
March 28, 2012

Tags: pay and benefits , Tammy Flanagan , NITP , Voluntary Contribution Program , CSRS , Senior Executives Assocation , Senior Executives Service , Carol Bonasaro , PPS , Your Turn with Mike Causey , Mike Causey

Wednesday - 03/28/2012, 09:28pm EDT
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USPS plan to set up own health plan faces lawmakers' skepticism

Postmaster General Patrick Donahoe testified today before a House subcommittee saying a USPS-sponsored plan would save $7 billion a year. Such a plan, Donahoe said, would offer equal or better coverage to current employees and retirees.

Tags: USPS , Patrick Donahoe , pay and benefits , House Committee on Oversight and Government Reform , Congress , Stephen Lynch , Darryl Issa , Walton Francis , FEHBP

Tuesday - 03/27/2012, 12:57pm EDT

Living on 1/3 of your income

Thinking about retiring in the next couple of years? Well, here's something to think about, Senior Correspondent Mike Causey says: How long and how well could you live if your income was cut by more than 60 percent for months at a time?

Tags: pay and benefits , benefits , OPM , retirement backlog , Mike Causey , federal report , workforce

Monday - 03/26/2012, 02:00am EDT

Some feds face April 1 deadline for first IRA minimum distribution

April 1 is the deadline for federal employees and annuitants with traditional IRA accounts and are at least 70-1/2 years old in 2011 to make their first minimum required distribution (MRD) for 2011.

Tags: Ed Zurndorfer , pay and benefits , Federal Drive

Friday - 03/23/2012, 11:29am EDT
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Making love and buyouts the connection

So, what's the connection between making love and getting a buyout? Technique, frequency and careful preparation are central to both, Senior Correspondent Mike Causey says. So how did federal agencies score this year?

Tags: Mike Causey , federal report , pay and benefits , workforce , buyouts , early retirements

Friday - 03/23/2012, 02:00am EDT
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