...providing retirement news snippets from various sources for federal employees, postal employees, seniors, veterans, and people with disabilities who receive Social Security . Your resource for retirement living, investment, employment, health care, and retirement leisure. - Stay Informed!
Title: The 2013 budget request: agency by agency
Article Snip: "...employees will have to leave Justice if they cannot find jobs elsewhere in the department, and they will be offered buyouts and early retirements. ..."
Reference: www.federaltimes.comTitle: Lawmakers insert federal pension provisions in highway bill
Article Snip: "...a high-five average salary calculation for annuities rather than the current high-three average pay calculation. The current Federal Employees Retirement System-defined benefit pension is calculated by taking the retiree's three highest salaries and dividing it by years of service and a variable pension accrual rate. ..."
Reference: www.govexec.comTitle: A new wave of federal workers is poised to emerge
Article Snip: "...Meanwhile, the roster of federal agencies offering buyouts or early outs continues to grow. In fiscal 2010, OPM gave 14 agencies permission to offer buyouts. Twelve were allowed to offer early retirements. In fiscal 2011, OPM gave 12 agencies permission to offer buyouts and twelve were allowed to offer early retirements...."
Reference: www.bizjournals.comTitle: OPM tackles retirement backlog with more staff, better technology
Article Snip: "...The Office of Personnel Management is trying to tackle its retirement services backlog with more staff and upgraded technology. ..."
Reference: www.federalnewsradio.comTitle: US mulls closing embassy in Syria as security worsens
Article Snip: "...
State Department warns that "concrete steps" must be taken, expresses concern about "deteriorating security situation in Damascus"; US official: Syrian gov't doesn't ..."
Title: 2012 outlook eases slightly with COLA’s return
Article Snip: "...After two years of no increases, COLAs are back. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 3.6 percent...."
Reference: federaltimes.comTitle: Four retirement options
Article Snip: "...Q. I am a 58-year-old letter carrier covered under the Federal Employees Retirement System with 27½ years of s..."
Reference: federaltimes.comTitle: Federal Ballpark E$timate®
Article Snip: "...The Federal Ballpark E$timate can be used by employees covered by the Civil Service Retirement System (CSRS), CSRS-Offset, or the Federal Employees Retirement System (FERS) who plan to retire under the voluntary age and service rules. The current version does not perform estimates for..."
Reference: www.opm.govTitle: House Republicans Attack Postal and Federal Retirement Benefits
Article Snip: "...The House of Representatives voted 243-193 on Dec. 13 to pass the so-called “Middle Class Tax Relief and Job Creation Act of 2011,” which would cut take-home pay for postal and federal workers by increasing their contributions to the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS). The bill also would slash unemployment benefits, place unreasonable burdens on unemployed workers, and cut vital healthcare programs...."
Reference: www.apwu.orgTitle: New House Republican bill takes aim at fed pensions, pay
Article Snip: "...increasing the contribution federal employees pay toward their retirement, and reducing pensions for new employees...."
Reference: www.federaltimes.comTitle: Postmaster general: Retirement benefits bankrupting agency
Article Snip: "...requirement isn't sustainable. He's also seeking to move retirees to Medicare...."
Reference: Postal Early RetirementTitle: Lawmakers seek Social Security check protections
Article Snip: "...Fourteen Republicans on the House Ways and Means Committee want more scrutiny of how the Social Security Administration oversees benefit checks..."
Reference: Social Security NewsgroupArticle 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.comTitle: 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.comTitle: 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.comTitle: 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.comTitle: 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.comTitle: 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.comTitle: 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.ukArticle 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.comUS aid paying Ukrainian pensions Snippet of Article: "...Joe Biden stated that funding in a Ukrainian aid package, and later app...