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In today's Federal Newscast: A House bill is gaining steam to restore full Social Security benefits to certain feds. The focus intensifies on an estimated $65 billion in bogus unemployment insurance payments during the pandemic. And one congressman is probing a no-bid contract at DHS.
In today's Federal Newscast: Social Security's "Evil Twins" may actually get their first House vote. Federal employees are less satisfied with their pay, according to the Federal Employee Viewpoint Survey. And the Education Department gets a new CIO.
House Speaker Nancy Pelosi's husband is recovering. But the attack at the Pelosi home in San Francisco has Congress rattled once again about security.
We're inaugurating a monthly talk with Art Stein, a man who has long experience in federal financial management and investment strategies.
The cost-of-living adjustment, or COLA, for 2023 will increase 8.7% for CSRS retirees and Social Security recipients, while FERS retirees will receive a 7.7% COLA.
In today's Federal Newscast: Social Security makes some progress in reducing payments to dead people. Technical updates to the website for IG reports expected to produce even more government transparency. And AT&T public sector has a new leader: Zee Hussain.
In today's Federal Newscast: More than 50 victims handed over millions of dollars to scammers posing as feds. A new bill would try to make it easier to fire federal employees.
The Social Security Fairness Act now has more than 290 co-sponsors, more than enough to force a House floor vote.
Also in today's Federal Newscast, a commission to help agencies prevent and manage wildfires has its official members. And the Army kicked off a huge recompete of its Common Hardware Systems 6th Generation (CHS-6) contract.
When Social Security was launched in 1935, the average life expectancy for men was 59.9 years and 63.9 for women. Full benefits started at 65, so do the math! It sounded almost like a safe, government-guaranteed Ponzi Scheme, minus the scheme part.
Retiring as soon as you can may seem like a good idea now. But how will it impact you financially years into retirement when inflation has reduced your FERS annuity or your TSP balance?
The WEP/Offset battle is up and running again, with renewed vigor. Since it's important to so many, Mike Causey will be taking a look at both sides of the argument.
Whether you are (or should be) for Postal Reform or against the Windfall and Offset laws, help is coming. John Hatton, staff VP for NARFE, will discuss the status of these on Your Turn.
As last Sunday's Super Bowl recedes into old news, I think there's a lesson for federal employees who work far below the political level.