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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

Committee approves House budget plan

The House Budget Committee approved a Republican proposal that calls for shrinking U.S. deficits to $3.1 trillion over the coming decade. The budget bill also calls for a 10 percent reduction of the federal workforce, an extension of the federal pay freeze and an increase of federal employees' contributions to their pension plans.

Tags: budget , Congress , House , House Budget Committee , workforce , Paul Ryan , DoD , Michael OConnell

Thursday - 03/22/2012, 10:44am EDT

When should you retire?

Tammy Flanagan, senior benefits director at the National Institute of Transition Planning joins host Mike Causey to talk about what you should do to plan for your retirement.
March 21, 2012

Tags: pay and benefits , Tammy Flanagan , NITP , Voluntary Contribution Program , CSRS , Mike Causey , Your Turn with Mike Causey

Wednesday - 03/21/2012, 11:05pm EDT
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GOP Medicare plan borrows from and repeals Obama's

Rep. Paul Ryan (R-Wis.), the top GOP budget writer, borrowed the idea of insurance exchanges, a big pooled marketplace, from the health care law enacted in Massachusetts when GOP presidential candidate Mitt Romney was governor. Ryan wants to set one up for Medicare.

Tags: Medicare , Congressional Budget Office , budget , Paul Ryan , Congress , House , Medicaid

Wednesday - 03/21/2012, 03:50am EDT

Retiring and skydiving: Do it right the first time

What do skydiving and retiring have in common? Short answer is that many people only do each once, and it is a really good idea to do it right the first time, Senior Correspondent Mike Causey says.

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

Wednesday - 03/21/2012, 02:00am EDT

GOP plan would open FEHBP to non-feds

Four senators introduced a bill that would add Medicare patients to the Federal Employee Health Benefits Plan, as Medicare is gradually phased out. The National Active and Retired Federal Employees Association tells feds to be wary of the bill.

Tags: Rand Paul , Lindsey Graham , Jim DeMint , Mike Lee , FEHBP , NARFE , Joseph Beaudoin , Medicare , benefits , Michael OConnell , Congress , Senate

Friday - 03/16/2012, 10:50am EDT

Flexible-retention adds new option to agencies' retirement toolkit

Senate amendment allows retiring federal employees to return to work on a part-time basis. Ron Sanders, senior executive adviser at Booz Allen Hamilton, says this provision allows retirees to pass along their institutional knowledge while continuing their civil service.

Tags: Ron Sanders , Booz Allen Hamilton , Max Baucus , flexible-retentioin , workforce , pay and benefits , OPM , Federal Drive , Michael OConnell , retention

Thursday - 03/15/2012, 12:16pm EDT
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Senate passes highway bill, including 'phased retirements,' transit subsidy

The Senate voted Wednesday to overhaul transportation programs and keep aid flowing to thousands of construction projects while strengthening highway. The $109 billion measure, approved in a 74-22 vote, included a number of amendments affecting federal pay and benefits, including a provision to allows "phased retirements" for federal employees and an expansion of an expired mass-transit subsidy.

Tags: workforce , phased retirements , pay and benefits , transportation bill , Congress , Senate , pay freeze , mass transit benefit , NTEU , Max Baucus , Pat Roberts

Wednesday - 03/14/2012, 03:32pm EDT
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