Article Snip: "...With an efficiency renting for under $75 in 1964, Nalcrest [Florida] was nirvana for postal retirees. It remains a bargain: A one-bedroom rents for only $305, and dinners at Jay Bee's II, the town's only restaurant, average $6. ..."
Reference: nationalgeographic.comSaturday, November 26, 2011
Friday, November 25, 2011
Federal retirement Policy changes on the way?
Title: How the supercommittee’s failure will impact federal employees
Article Snip: "...Newly hired employees after the transition point would get only the defined contribution plan. That would be a very major change in federal retirement policy …..."
Reference: www.washingtonpost.comSaturday, November 19, 2011
Federal Employment Opportunities in Michigan
Title: 11 tips for landing one of the more than 200 federal jobs advertised in Michigan
Article Snip: "...Even with the U.S. government laying off thousands nationally every week, the federal jobs website is still advertising 204 federal jobs in Michigan. ..."
Reference: www.mlive.comWednesday, November 16, 2011
Federal Employee Retirement Processing Backlog Grows
Title: OPM: Problem of late pension payments getting worse
Article Snip: "...The Office of Personnel Management's backlog of pending retirement cases has grown 58 percent since Director John Berry first pledged to solve the problem more than a year ago...."
Reference: www.federaltimes.comFriday, November 11, 2011
USPS Retirement Funding Issue
Title: Bishop signs letter saying post office faces big pension burden
Article Snip: "..."No other public or private business in America" except for the U.S. Postal Service must fund 100 percent of employee retirement and retirement health costs in advance. ..."
Reference: www.politifact.comTSP Summary
Title: U.S. Federal Retirement Thrift Investment Aug. Summary
Article Snip: "...the federal employee retirement thrift investment plan summary for Aug., according to the Federal Retirement Thrift Investment Board. ..."
Reference: www.bloomberg.comTuesday, November 8, 2011
Report says Federal Employees way underpaid
Title: Federal government says its employees are 25 percent UNDERPAID compared to private sector workers
Article Snip: "...federal employees 26.3 percent underpaid compared to private sector workers in similar jobs. The gap has grown 2 percentage points since last year..."
Reference: www.dailymail.co.ukSaturday, November 5, 2011
Chained CPI offers more cuts to the working class
Article Snip: "...If that CPI were already in use, military retirees, disabled veterans and social security recipients would be getting a 3.4 percent COLA in January rather than the planned 3.6 percent hike, government price data show...."
Reference: www.thenewstribune.comMonday, October 31, 2011
Federal Employee: Best day to retire
Title: The Best Day to Retire From Now Until 2020
Article Snip: "...One of the biggest reasons that employees choose to retire around the end of the year is to cash in a large amount of use or lose leave. Assume we have an employee..."
Reference: www.fedsmith.comTuesday, October 25, 2011
Federal Employee Buyouts Galore
Title: Everybody's got a price. What's yours?
Article Snip: "...Currently buyouts are available at Agriculture, Air Force, ATF, U.S. Courts, Education, FTC, GAO, GPO, Housing and Urban Development, Justice, Library of Congress, the USPS, SBA, Smithsonian and the TSA. ..."
Reference: www.federalnewsradio.comFederal employee retirement systems cumulatively face $5.7 trillion in unfunded liability
Title: The Worst Pension Gap
Article Snip: "...The Federal Employees Retirement System was created in 1986 to take the place of the old Civil Service Retirement System. Civilian federal employees hired prior to 1984 remained in the old system, while..."
Reference: www.governing.comMonday, October 24, 2011
Federal Health Care Tip
Title: Playing Russian roulette with your health plan
Article Snip: "...If you are a federal or postal worker who is close to retirement, thinking about taking a buyout, likely to be laid off or are involved in a shaky marriage, listen up: Your lifetime health insurance benefits may be in danger. ..."
Reference: www.federalnewsradio.comWednesday, October 19, 2011
Federal retirees to get 3.6 percent COLA increase
Title: Federal retirees to get COLA increase
Article Snip: "...an increase of 3.6 percent for most, following the announcement Wednesday of Consumer Price Index figures through September...."
Reference: www.washingtonpost.com2012 COLA for Social Security will be 3.6 percent
Title: Social Security benefits to rise 3.6 percent
Article Snip: "...Social Security retirement benefits for about 55 million people will go up by 3.6 percent next year, the first cost-of-living increase since 2009, the U.S. Social Security Administration said on Wednesday...."
Reference: www.reuters.comTuesday, October 18, 2011
2012 Social Security COLA
Title: Social Security: seniors to see COLA increase in 2012
Article Snip: "...The exact size of the COLA is yet to be determined, but it should be somewhere between ..."
Reference: www.csmonitor.comSaturday, October 15, 2011
Lawmaker wants to extend Federal worker retirement age
Title: Lawmaker urges end to early federal retirement
Article Snip: "...Federal workers, including members of Congress and congressional employees, would not be able to receive their pensions until age 62 under Duncan's proposal...."
Reference: www.govexec.comWednesday, October 12, 2011
Eligibility for the special retirement supplement
Title: Supplement eligibility
Article Snip: "...Q: I am 57 with four years of military buyback and 18 years of uninterrupted federal service. I am confused about eligibility for the special retirement supplement...."
Reference: Federal TimesMore attacks on working class by GOP reps
Title: Lawmaker urges end to early federal retirement
Article Snip: "..."There are many thousands of federal employees who are retiring in their 50s and even in their late 40s," Rep. John Duncan Jr., R-Tenn., said in a letter last week to members of the congressional super committee...."
Reference: www.govexec.comMonday, October 3, 2011
Federal Retiree COLA could be near 4 percent
Title: Federal retirees could receive COLA boost for first time since 2008
Article Snip: "...The COLA for federal retirees and Social Security and Supplemental Security Income recipients could be nearly 4 percent as of Dec. 1, based on the latest data from the Bureau of Labor Statistics...."
Reference: www.govexec.comGAO buyouts and early retirements
Title: Top federal watchdog faces budget cuts
Article Snip: "...agency is offering buyouts and early retirement offers to long-serving employees; 37 have accepted the offers, a spokesman said. The buyouts and early retirement were first offered before the budget debate began...."
Reference: www.washingtonpost.com