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Shows & Panels
Search Tags: retirement
Is the perfect job -- one with less work, a shorter commute and less time in the office -- within reach? Senior Correspondent Mike Causey says phased retirement may hold the key to a perfect job for some feds.
Some of life's toughest, most important choices include marriage, children, divorce and retirement. Not necessarily in that order. Which is why Nov. 6 is the new D-Day for federal workers.
The final rule is out on phased retirement for federal employees. The Office of Personnel Management says people can start submitting their applications for phased retirement on Nov. 6. But not everyone can qualify. Tammy Flanagan is senior benefits director of the National Institute of Transition Planning. She explained the details of the final rule on In Depth with guest host Jared Serbu.
The rule comes more than two years after President Barack Obama signed the provision into law on July 6, 2012. Under the final rule, eligible employees can work part time while drawing on part of their earned retirement benefits. Phased retirees must also spend at least 20 percent of their time mentoring other employees.
Got the shakes about your nest egg? The one that's supposed to provide one-third to one-half of your total retirement income? Are you feeling a little nervous? asks Senior Correspondent Mike Causey.
The Office of Personnel Management received 9,101 retirement claims -- about 1,000 more than it had projected for the month, according to data OPM released Tuesday.
Rep. Donna Edwards (D-Md.) introduced a bill Thursday that would reduce the amount new federal employees must pay toward their government pensions. The National Treasury Employees Union and the National Active and Retired Federal Employees Association support the legislation, which would repeal the last two increases in retirement contributions.
Outside of the "never has a bad day" G Fund, the Thrift Savings Plan saw across the board losses in July. However, year-to-date, each of the funds remains in the positive.
Two years after launching the Roth option for the Thrift Savings Plan, the Federal Retirement Thrift Investment Board (FRTIB) has seen Roth TSP enrollment rise to 8 percent.
NITP Senior Benefits Director Tammy Flanagan will answer your retirement questions.
July 30, 2014