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Search Tags: retirement
The Office of Personnel Management recently filed two proposals to change how feds enroll in the Federal Employee Dental and Vision Insurance Program and to expand the regulations of the Federal Employees' Group Life Insurance.
One of the toughest, most important decisions, any worker ever makes is when to call it quits. Even people who are sick, tired or hate their jobs find it difficult to let go. Will it work financially, and emotionally? What happens next? Today's guest column is No. 3 in our five-part series. These are from real people, some like you maybe, who have been there-done-that-got-the-T-shirt. Today's guest columnist, Connie Hendryx, spent a long (mostly happy) time with Uncle Sam. She advises people how to prep for retirement.
When deciding to retire there is one day, but lots of different dates, that is best for you, Senior Correspondent Mike Causey says. How do you figure out the difference?
In the second guest column in a series of five written by Federal Report readers, a federal old-timer shares his thoughts on the workforce and being a political punching bag as he prepares to retire.
On this week's Your Turn radio show, host Mike Causey examines what's in the most recent budget deal that will impact feds.
If the proposed budget deal becomes law, new federal workers will see a total of 10.6 percent of their salaries automatically withheld from their paychecks to cover their retirement benefits. That could lead to them contributing less or not at all to their voluntary Thrift Savings Plan accounts, experts said.
When you approach a swimming pool for the first time, do you dive straight in or dip your toe first to test the waters? Before you retire, Senior Correspondent Mike Causey says, wouldn't it be nice to have the toe-dipping option?
Newly hired federal workers will be required to contribute more toward their pensions and some military retirees will see smaller cost-of-living adjustments under a budget deal announced by Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.) Tuesday evening. The budget deal, which sets funding levels for the next two years, eases some of the bite of the automatic spending cuts, known as sequestration. The pact restores about $63 billion to agency spending through the end of fiscal 2015, split about evenly between Defense and civilian agencies.
Lawmakers, who face a self-imposed Friday deadline to come up with a fiscal 2014 budget plan, appear to be making progress toward a limited deal that would stave off another shutdown and give agencies the certainty of funding for the remainder of the year.But lawmakers with districts surrounding Washington, D.C. are preemptively speaking out against any proposal that, in their words, would "throw federal employees under the bus." Rep. Frank Wolf (R-Va.), says that too often in the past federal employees' pay and benefits have "been used as pawns in budget negotiations."