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1:16 am, July 26, 2014

Pay and Benefits News

Annuities, pensions, TSP and Social Security

Co-hosts Bob Leins and Tammy Flanagan will answer your questions about the "three-legged stool" of retirement planning.
July 28, 2014

Updated 04 minutes, 36 seconds ago

Tammy Flanagan, National Institute of Transition Planning

Buying an annuity from the Social Security Administration is one way for federal employees to bolster their retirement income. And yes, you heard that right, you can buy a Social Security annuity. Tammy Flanagan is Senior Benefits Director for the National Institute of Transition Planning. She says on In Depth with Francis Rose the cost of the annuity depends on how patient you are.

Friday - 07/25/2014, 04:36pm EDT
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Shefali Kapadia, Web Editor, Federal News Radio

Living costs are on the rise. That puts federal retirees on track for a 1.9 percent cost of living adjustment in January. But that's only if lawmakers don't change the way inflation is measured. Congress and the White House both say the chained CPI would be a more accurate measure. But the chained CPI has lots of critics and foes. They say it's like switching your habits from eating steak for dinner to eating dog food. Web Editor Shefali Kapadia joined Tom Temin and Emily Kopp on the Federal Drive to discuss federal employees' reaction online.

Friday - 07/25/2014, 10:20am EDT
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Kardashian to head the IRS; Federline succeeds Kerry at State Department

What if Kim Kardashian took over at the IRS, or Brittany Spears' ex Kevin Federline succeeded John Kerry at the State Department. Would that get your attention?

Thursday - 07/24/2014, 11:39am EDT

What's ahead for feds in 2015?

NARFE Legislative Director Jessica Klement, and Federal Times Senior Writer Andy Medici will discuss chained CPI, pay raises, and other issues affecting feds.
July 23, 2014

Wednesday - 07/23/2014, 05:22pm EDT
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House bill would strip premium pay from some TSA officers

The TSA Office of Inspection Accountability Act of 2014, sponsored by Rep. Mark Sanford (R-S.C.), would no longer classify some Transportation Security Administration agents in the Office of Inspection as law enforcement officers.

Wednesday - 07/23/2014, 07:53am EDT

Jessica Klement, Legislative Director, NARFE

The Government Accountability Office is in the middle of an ongoing, multi-year study on the pay system, and taking its findings to Capitol Hill. A House Oversight and Government Reform subcommittee looked at the General Schedule last week. Jessica Klement is legislative director of the National Active and Retired Federal Employees Association. She shared her own ideas of how to reform the General Schedule on In Depth with Francis Rose.

Tuesday - 07/22/2014, 03:58pm EDT
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1 percent pay raise; 1.9 percent COLA. Go figure!

Despite higher prices at the pump, overall living costs rose only slightly last month. For federal-military-Social Security retirees, that points to a 1.9 percent cost of living adjustment in January.

Tuesday - 07/22/2014, 03:04pm EDT

Steve Bell, Senior Director of Economic Policy, Bipartisan Policy Center

The military is shrinking, but the Pentagon's personnel costs keep growing. In fact, it pays about $125,000 per active-duty service member, including both salary and benefits. Two Washington think tanks are raising alarms. They say the Pentagon needs to do something now so it doesn't have to cut other critical parts of its budget later on. Steve Bell is senior director of economic policy at the Bipartisan Policy Center. He joined Tom Temin and Emily Kopp on the Federal Drive to discuss why the personnel cost has become expensive.

Tuesday - 07/22/2014, 10:00am EDT
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Retired feds on career and retirement

Federal News Radio Senior Correspondent Mike Causey joins hosts Bob Leins and Tammy Flanagan as they welcome a couple of retired feds into the studio.
July 21, 2014

Monday - 07/21/2014, 05:36pm EDT
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Reform yoga: Bend over and smile

When your political bosses tell you to bend over and await further instructions, chances are you are about to be reformed. So if you've been there and done that, get ready for another exercise in excellence, Senior Correspondent Mike Causey says.

Monday - 07/21/2014, 02:00am EDT

Julia Ziegler, Web Manager, Federal News Radio

How much cash would it take for you to accept a buyout at your agency? Is there a magic number you're looking for? Web Manager Julia Ziegler joined Tom Temin and Emily Kopp on the Federal Drive to discuss what people are saying online.

Friday - 07/18/2014, 09:43am EDT
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Feds given more flexibility updating FEDVIP plans

The Office of Personnel Management just issued a final rule that lets a subset of federal employees enroll in or switch dental and vision plans outside of the open enrollment periods. The amendment goes into effect next month.

Thursday - 07/17/2014, 11:21am EDT

Forecast for feds: You're toast -- again!

If you live and work in the Washington area, are you less happy and more nervous in the civil service than your identical twin who's a fed in Indianapolis or Denver? Maybe there's a good reason, Senior Correspondent Mike Causey says.

Thursday - 07/17/2014, 02:00am EDT

Ask the retirement expert

NITP Senior Benefits Director Tammy Flanagan will answer your retirement questions.
July 16, 2014

Wednesday - 07/16/2014, 09:48pm EDT
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Proposed Senate USPS reforms could save $17 billion

The Congressional Budget Office estimates the Senate's postal reform plan would save just under $17 billion. Changes to the agency would include maintaining increased postal rates and cutting delivery to five days per week.

Wednesday - 07/16/2014, 03:54pm EDT

Lawmakers, OPM seek facelift for aging GS system

There's growing consensus on Capitol Hill and from the Obama administration that the pay and personnel system used by the federal government since 1949 and infrequently updated is showing its age and due for a major facelift. Lawmakers probed the General Schedule system Tuesday during a hearing before the House Oversight and Government Reform Subcommittee on the Federal Workforce, U.S. Postal Service and the Census.

Tuesday - 07/15/2014, 06:11pm EDT

VA cites progress on backlog; Congress disagrees

VA cites progress on benefits backlog, but congressman accuses agency of 'hiding' numbers

Tuesday - 07/15/2014, 05:02pm EDT
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House easily passes TSP restructuring bill

The Smart Savings Act would make the Lifecycle Funds the default investment option in the Thrift Savings Plan for new federal employees.

Tuesday - 07/15/2014, 03:55pm EDT

Insurance: What should you know about it? What do you need?

Host Bob Leins and co-host John Elliott discuss the need to purchase insurance, what types to consider and why.

Monday - 07/14/2014, 06:51am EDT
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