The House Armed Services Committee wants to expand the $40,000 Voluntary Separation Incentive Pay for DoD civilians to 2021.
The Navy announced its bonus reenlistment numbers for pilots in 2018. Meanwhile, Congress is trying to give more money to the Air Force to retain pilots.
The Air Force is changing some of its policies to bring squadrons into the 21st century. Meanwhile, the service is reviewing medically separated airmen’s disability ratings.
If you’re a government worker or retiree, odds are you are dreading the day when your grandson or granddaughter asks you about the good old days, when folks had pensions.
Host Bob Leins welcomes Dave Love, CLU, CLTC with The Love Financial Group to the studio for an educational discussion about long term care. Morningstar investment analysts’ research shows that approximately 70% of Americans over age 65 will become cognitively impaired or unable to complete the activities of daily living. Baron’s says the average need for LTC is almost four years for women and just under two and a half years for men. July 10, 2017
The Office of Personnel Management continued to make progress in whittling down its backlog of unprocessed retirement claims during the month of June. The backlog stood at 14,530, the lowest it’s been since last June.
The Senate Armed Services Committee wants to cut some basic housing allowance for dual military couples to save money in the long run. The committee tried to make more drastic cuts last year, but they did not make it into law.
Non-existent sweepstakes, phony lotteries, reverse mortgage schemes and counterfeit drugs — fraudsters have unlimited imagination when if comes to separating people from their money, especially retirees and the elderly. Tammy Flanagan, senior benefits director at the National Institute of Transition Planning, offers some advice on avoiding ripoffs on Federal Drive with Tom Temin.
Have you protected your TSP from the next stock market crash? Financial planner Arthur Stein will explain what you should be doing now to protect your financial assets when he joins host Mike Causey on this week’s Your Turn. July 5, 2017
Thrift Savings Plan returns slowed in the month of June, though only two funds dipped in the red. The S and I funds saw the most significant changes, both positive and negative, in June compared to the previous month’s returns.
Nine bold House Republicans have challenged the White House plan to cut federal retirement benefits by $149 billion.
The House Appropriations Financial Services and General Government Subcommittee stayed quiet on federal pay in its 2018 bill. Without action from Congress, federal civilian employees would receive a 1.9 percent raise next fiscal year. The appropriations bill also includes significant spending cuts to key priorities at the General Services Administration and Office of Personnel Management.
The Senate defense authorization bill increases the Army’s active duty end strength by 5,000. It also creates a policy for responding to cyber attacks.
The House defense authorization bill brought up some important issues for those in the military and their loved ones. Find out what could affect you in the coming year.
Despite all expectations, total average compensation for employees with security clearances has actually slightly declined, dropping 1.27 percent, since 2014.