Article Snip: "...illustrate how the Federal Employees Retirement System (FERS) works in providing disability benefits, and why the benefits provided may be inadequate...."
Reference: www.digitaljournal.comMonday, September 26, 2011
Sunday, September 25, 2011
Are Federal Employees next?
Issa's 'Postal Destruction' Bill Passes House Subcommittee
Title: Postal Bill Would Authorize Layoffs, Force Out Senior Employees First
Article Snip: "...employees who are eligible for retirement must be laid off before employees who are ineligible, and dictates that retirement-eligible employees with the longest service must be separated first. The new language also forbids the payment of severance pay to retirement-eligible employees. ..."
Reference: www.apwu.orgFriday, September 23, 2011
What should you ask yourself before retiring?
Title: 5 Questions to Ask Yourself About When You Can Retire
Article Snip: "...The "traditional" retirement age is 65. This has gone by the wayside to some extent in that the age to receive full Social Security benefits continues to increase...."
Reference: usnews.comDeficit plan would bang Federal Workers and Federal Retirement fiercely
Title: Deficit reduction pain for federal employees could be worse, some say
Article Snip: "...the version of the fiscal 2012 budget resolution the House passed included a recommendation that would require federal employees to pay for half the defined benefit they receive with their pensions at retirement...."
Reference: GovernmentExecutive.comRick Perry no friend to Social Security
Title: Obama's proposal to trim back military benefits draws fire
Article Snip: "..."The real issue is, in writing his book, Gov. Perry pointed out that in his view that Social Security is unconstitutional, that this is not something the federal government ought to be involved in, that instead it should be given back to the states."..."
Reference: hamptonroads.comWednesday, September 21, 2011
OPM: Retirement planning for the federal employee
Title: Planning for Retirement
Article Snip: "...It’s never too early to start planning for retirement in order to ensure it goes smoothly. Here you will find information to help ensure your retirement starts well. ..."
Reference: www.opm.gov2012 cola for federal retirees
Title: Retirement menu: Filet & cabernet or dog food & Dr. Pepper?
Article Snip: "...a 3-plus percent COLA for retired feds is likely in 2012. Also, a growing number of agencies are offering buyouts...."
Reference: www.federalnewsradio.comSocial Security COLA update
Title: Proposal Would Cut Raises For Retirees
Article Snip: "...result in lower cost-of-living adjustments (COLAs) for Social Security beneficiaries,” says the report, which adds: “Moving to a chained index should be viewed as a cut in benefits.”..."
Reference: smartmoney.comArmy Material Command offers buyouts
Title: Buyouts beginning at Army
Article Snip: "...The Army Materiel Command today said it is offering $25,000 buyouts to 33 civilian employees in its headquarters to help it meet its mandated cuts of at least 1,223 civilian positions. ..."
Reference: federaltimes.comTuesday, September 20, 2011
FERS Disability Benefits for Physicians
Article Snip: "...Summary of Summary of FERS Disability Benefits for Physicians:
When a government physician suffers a total disability and meets the eligibility requirements set forth by FERS, that individual may be eligible to receive a taxable benefit equal to 60% income replacement during the first 12-months of disability and 40% for all subsequent years (until early retirement age)...."
Fellows Program Accepting Applications
Title: Federal Government's Premier Fellows Program Accepting Applications
Article Snip: "...The Presidential Management Fellows Program (PMF), run by the U.S. Office of Personnel Management (OPM), attracts and selects the best candidates to develop a cadre of new government leaders, and can lead to a career in government...."
Reference: www.opm.govMonday, September 19, 2011
Federal Employees fear retirement cuts
Title: Feds plan their exits: Interest surges in retirement seminars
Article Snip: "...Many federal employees nearing retirement view the high-five reform as a double whammy. First, it would reduce their pensions by factoring two lower salaries into their pension calculation. Second, a high-five average salary would be further tamped down by pay freezes in effect this year and next..."
Reference: www.federaltimes.comSaturday, September 17, 2011
Obama to protect much needed Social Security and Medicare
Title: Obama Plan Won't Include Changes to Social Security
Article Snip: "...President Barack Obama's new deficit-reduction proposal will leave out changes to Social Security, and may exclude any increase in the Medicare eligibility age, people familiar with the discussions said Wednesday...."
Reference: wsj.comTuesday, September 13, 2011
Changes in Medicare and Social Security programs on the way?
Title: A Bipartisan Move to Tackle Benefits Programs
Article Snip: "...would support slowly increasing the eligibility age for Medicare to 67 from 65 and changing the formula for cost-of-living increases in Social Security to a less generous one that some economists consider more accurate. ..."
Reference:Friday, September 9, 2011
2012 Federal Employee COLA Update
Title: Retiree COLA Roller Coaster: Going Up
Article Snip: "...government retirees are cautiously looking forward to a cost of living adjustment of around 3.3 percent in their January checks. That COLA, if it holds up, would be the first inflation-catchup federal, ..."
Reference: www.federalnewsradio.comChained CPI may harm seniors
Title: Changes To Inflation Formula Will Clip Social Security Benefits, Study Says
Article Snip: "...the new inflation measure may not deliver to seniors the income protection they need in retirement, especially on the costs of health care...."
Reference: bnet.com