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USPS overpays pension obligations by $13.1B, report says

A new inspector general audit revealed that the Postal Service has overfunded its pension benefit obligations by nearly 105 percent. While this might seem to be good news for the cash- strapped agency, legislative action will be required for USPS to get back the $13.1 billion surplus it paid into its employees' pensions.

Tags: USPS , benefits , FERS , CSRS , Federal Drive , Michael OConnell , inspector general

Tuesday - 06/26/2012, 07:15am EDT

The Voluntary Contribution Program

Hosts Bob Leins and Tammy Flanagan discuss the Voluntary Contribution Program and its relation to both the Roth IRA and the Roth TSP.
June 25, 2012

Tags: pay and benefits , Voluntary Contribution Program , Roth IRA , Roth TSP , Bob Leins , Tammy Flanagan , For Your Benefit

Monday - 06/25/2012, 10:02pm EDT
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TSP, pay freeze and agency cutbacks

Portions of last week's interview with TSP Executive Director Greg Long about the TSP hack attack will be re-aired this week. Also, Steve Watkins and Sean Reilly from the Federal Times join host Mike Causey to talk about the status of legislation pending in Congress that affects federal workers.
June 20, 2012

Tags: pay and benefits , TSP , TSP hack , Greg Long , Federal Times , Sean Reilly , Steve Watkins , Mike Causey , Your Turn with Mike Causey

Wednesday - 06/20/2012, 07:14pm EDT
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Old job-related nightmares resurface

Which occupational group has the worst nightmares: alligator wrestlers or federal workers? Thw answer might surprise you, Senior Correspondent Mike Causey says.

Tags: Mike Causey , Federal Report , pay and benefits , benefits , workforce

Tuesday - 06/19/2012, 02:00am EDT

USPS offers work option to retired postmasters

Part-time work will be available to postmasters eligible for optional retirement and those under the current Voluntary Early Retirement offering. Participation will not affect annuity payments.

Tags: USPS , pay and benefits , workforce , Esther Carey , phased retirements

Monday - 06/18/2012, 06:24pm EDT

New site makes retirement easier for Air Force civilians

The service launched a new portal to let civilian workers prepare for retirement, request a retirement estimate and acquire the necessary paperwork to pay a military or civilian deposit.

Tags: workforce , pay and benefits , Air Force , DoD , Sharon Mack , Debra Warner , buyouts , Taeja Smith

Friday - 06/15/2012, 07:03pm EDT

Inside the TSP hack job

For people worried about their TSP accounts being hacked, no news is good news. If you didn't get a letter, it means you are one of the 97 percent whose data is safe. For more facts about the hack job, check out Senior Correspondent Mike Causey's column.

Tags: Mike Causey , Federal Report , pay and benefits , TSP , TSP hack , Greg Long , FRTIB

Thursday - 06/14/2012, 02:00am EDT

What's next for feds?

NARFE president Joseph Beaudoin and Federal Times reporters Stephen Losey and Sean Reilly join host Mike Causey to talk about a wide variety of issues affecting federal workers.
June 6, 2012

Tags: pay and benefits , buyouts , Congress , budget battle , furloughs , USPS , GSA , Joseph Beaudoin , NARFE , Stephen Losey , Sean Reilly , Federal Times , Mike Causey , Your Turn

Wednesday - 06/06/2012, 10:24pm EDT
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OPM: Retirement claims tick up but still fewer than projected

Federal retirement claims rose last month but, for the second consecutive month, the Office of Personnel Management received fewer claims than it expected. OPM also made its monthly processing goals and continued to make progress cutting back a longstanding backlog of retirement claims.

Tags: OPM , pay and benefits , retirement backlog

Tuesday - 06/05/2012, 06:19pm EDT

TSP funds continue downward trend in May

Eight of the 10 Thrift Savings Plans posted negative numbers for the month of May, with the two funds posting positive numbers sliding slightly as well.

Tags: TSP , Federal Retirement Thrift Investment Board , Michael OConnell

Monday - 06/04/2012, 05:37am EDT
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