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11:04 pm, December 20, 2014

Pay and Benefits News

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Coming up: Retirement - an opportunity to re-invent ourselves

Career transition coach Mike Townshend takes your calls and emails about retirement planning.

Updated 04 minutes, 49 seconds ago

Obama makes 2015 federal pay raise official

Federal employees covered by the General Schedule and members of the military, among other feds, will get a 1 percent pay raise in January. Late Friday, President Barack Obama signed an executive order calling for the increases.

Saturday - 12/20/2014, 03:00pm EST

Heidi Burakiewicz, Partner, Mehri & Skalet PLLC

In the famous folk song, railroad worker Big Jim Goff is blown a mile into the air by a premature explosion. Come the next payday, he's a dollar short. The mean foreman informs him, he was docked for the time he was up in the sky. That scenario is not so far-fetched. The same issues come up in modern workplaces, federal and private sector. Employment attorney Heidi Burakiewicz, a partner with Mehri and Skalet, joined Tom Temin on the Federal Drive to discuss two cases one in the federal sector and one in the private.

Thursday - 12/18/2014, 11:24am EST
Listen

Washington's secret (until now) shutdown squad

Who are the decision makers in Washington, D.C.? Senior Correspondent Mike Causey says it's not who you think.

Thursday - 12/18/2014, 02:00am EST

Reaction to President Obama's meeting with the SES

Carol Bonosaro, president of the Senior Executives Association, will give her thoughts on President Barack Obama's speech to members of the Senior Executives Service.
December 17, 2014

Wednesday - 12/17/2014, 07:13pm EST

Steve Kelman, professor, Harvard Kennedy School of Government

Budget pressure is pushing the "pay for results" concept to a tipping point. That's what Steve Kelman sees, at least. He's professor of public management at the Harvard Kennedy School of Government, and former Administrator of the Office of Federal Procurement Policy. On In Depth with Francis Rose, he said the pay for results idea has been growing for a while, but now it's taking off.

Wednesday - 12/17/2014, 02:54pm EST
Listen

Senate passes retroactive mass-transit benefit for workers

The Senate passed a broad $41.6 billion program of tax breaks on Tuesday that will retroactively raise the monthly mass-transit subsidy to $250 per month for 2014. The extension of these tax breaks, however, will only last until the end of 2014.

Wednesday - 12/17/2014, 05:36am EST

Mike Causey, Senior Correspondent, Federal News Radio

Lockheed Martin faces a class-action lawsuit against 120,000 employees for how it handles their 401(k) retirement plans. The case focuses on whether the company's provider made the employees pay higher fees than they needed to and made bad investment decisions. Federal News Radio Senior Correspondent Mike Causey says there isn't a direct connection between the Lockheed Martin case and federal employees. But he told Federal News Radio's Sean McCalley they should pay attention to what happens afterward.

Tuesday - 12/16/2014, 04:42pm EST
Listen

401(k) shakeup coming?

Federal and postal investors are entitled to feel a little bit smug as they follow what could be a landmark pension management case involving one of the nation's biggest firms. Senior Correspondent Mike Causey says so can the people who set up and run the federal Thrift Savings Plan.

Tuesday - 12/16/2014, 02:00am EST

Planning for several reasons

Federal benefits specialist Bob Braunstein discusses year-end planning and benefit opportunities in 2015.
December 15, 2014

Monday - 12/15/2014, 09:25pm EST
Listen

OPM proposes new metrics for FEHBP

The Office of Personnel Management wants comments on a new framework to measure the effectiveness of the insurance carriers under the Federal Employees Health Benefits Program.

Monday - 12/15/2014, 05:51pm EST

Tim McManus, Partnership for Public Service

A bill to automatically enroll new federal employees in the Thrift Savings Plan's Lifecycle funds is ready for President Obama's signature. But first your agency needs to hire new people for that bill to make a difference. Tim McManus is Vice President for Education and Outreach at the Partnership for Public Service. On In Depth with Francis Rose, he predicted the federal hiring outlook for 2015.

Monday - 12/15/2014, 04:18pm EST
Listen

Retirement savings: Auto-enrollment in the TSP's lifecycle funds begins next fall

Now that Congress has passed the Smart Savings Act, the Federal Retirement Thrift Investment Board is programming a new savings default option for those who join the federal government late next year.

Monday - 12/15/2014, 01:15pm EST
Listen

Six years of waiting, cyber bills abound

The passage of five cybersecurity bills by Congress in the past week signals a long-coming and much needed change to how agencies defend their computer networks and hire the people to do that critical work.

Monday - 12/15/2014, 10:51am EST

Larry Korb, Senior Fellow, Center for American Progress

Congress is capping the pensions of top military officials in 2015. As part of National Defense Authorization Act, pensions for generals and admirals will be trimmed to ensure they make no more in retirement than they did on active duty. That reverses a 2007 law designed to help retain officers during wartime. What effects, if any, will this have on the military's ability to retain its senior officers? Larry Korb is a senior fellow at the Center for American Progress and former assistant secretary of Defense for manpower and reserve affairs. He joined Tom Temin on the Federal Drive with a look at this measure.

Monday - 12/15/2014, 09:55am EST
Listen

Tammy Flanagan, National Institute of Transition Planning

The Federal Retirement Thrift Investment Board estimates nearly $10 billion will leave the Thrift Savings Plan this year. The Board will consider offering investment advice because they think some of the money is leaving at the advice of outside financial planners. Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, tells In Depth with Francis Rose why some of those "free" investment planning seminars might have a hidden agenda.

Friday - 12/12/2014, 04:21pm EST
Listen

Congress OKs Border Patrol overtime pay reform bill

The goal of S. 1691, or the 2014 Border Patrol Agent Pay Reform Act, is to address and streamline Administratively Uncontrollable Overtime (AUO), the extra pay agents receive when their work demands they remain on the job beyond scheduled hours.

Friday - 12/12/2014, 04:07pm EST

Congress passes bill to auto-enroll new feds in TSP's Lifecycle Funds

Congress has passed a bill that will automatically enroll new federal employees in the Thrift Savings Plan's Lifecycle Funds (L Funds), rather than the Government Securities Investment Fund (G Fund).

Friday - 12/12/2014, 02:02pm EST

OPM plots steps to modernize retirement system IT in 2015

Office of Personnel Management officials told the House Oversight and Government Reform Subcommittee on the Federal Workforce, the U.S. Postal Service, and the Census about its plan to buy a case management system. The case management system will serve as the foundation for yet another attempt at modernizing the retirement system.

Thursday - 12/11/2014, 04:27am EST
Listen

How safe is your pension? Can you say Detroit!

The primary federal pensions plans -- CSRS and FERS --are the gold-standard compared to virtually any private-sector pension plan. But how safe are they? asks Senior Correspondent Mike Causey.

Thursday - 12/11/2014, 02:00am EST
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