Retirement

  • NRC’s Steve Lavie goes from commencement to retirement

    The Nuclear Regulatory Commission recently saw one of its longtime employees off into retirement. Steve Lavie, had a long career working on a nuclear submarine in the Navy then at nuclear power plants on the East Coast and finally at the NRC. But when he enlisted in the Navy, he was just a few credits shy of receiving his college degree. His NRC colleagues saw to it that Lavie still had a chance to experience a college commencement, before his retirement this summer. Lavie tells his story to Federal News Radio’s Nicole Ogrysko on Federal Drive with Tom Temin.

  • $40,000 DoD VSIP pay may be here to stay

    The House Armed Services Committee wants to expand the $40,000 Voluntary Separation Incentive Pay for DoD civilians to 2021.

  • Will your grandkids know what a retirement plan is?

    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.

  • OPM retirement claims backlog reaches lowest point in a year

    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.

  • Tammy Flanagan: 10 ways seniors can avoid being scammed

    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.

  • Do you have a plan B for your TSP?

    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

  • TSP’s 2-month winning streak ends with a slow June

    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.

  • Congress so far silent on civilian federal employee 2018 pay raise

    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.

  • Is phased retirement starting to take off?

    The Office of Personnel Management is receiving more applications for the phased retirement program this year than it had during the first full year of its existence, but the numbers are still relatively low, given the large number of federal employees who are or will be eligible by the end of fiscal 2017.

  • Price hike for your retirement package?

    Congress and the White House have a laser-focus on four major parts of the federal civil service retirement program. So which one is going to get the ax?

  • Should you stick with TSP after you retire?

    Why do so many federal employees move out of TSP when they retire from the government? What should you do?

  • 9 Republicans now say they oppose proposed cuts to federal retirement

    Some Republicans are joining about 100 House Democrats in voicing their opposition to the president’s proposed changes to federal retirement.

  • House takes on TSP modernization with a bipartisan companion bill

    House Oversight and Government Reform Committee Ranking Member Elijah Cummings (D-Md.) and Government Operations Subcommittee Chairman Mark Meadows introduced the TSP Modernization Act, which would give participants in the Thrift Savings Plan more options and flexibility to withdraw from their accounts. It’s a companion bill to the legislation Sens. Tom Carper (D-Del.) and Rob Portman (R-Ohio.) introduced in April.

  • No easy way to measure federal employee compensation, CBO says

    Senators sent the Congressional Budget Office a series of questions related to its recent study comparing federal employee compensation to the private sector. But senators won’t find much clarity or many concrete conclusions from CBO’s responses.

  • When your bosses are millionaires

    What’s it like to work for the world’s largest nonprofit whose top brass are mostly millionaires looking to cut your pay and pension?