Article Excerpt: "..."The greatest turnover on a voluntary basis outside of retirement is during the first one to two years of a person's employment," Palguta said. "Folks come into government. They're persuaded by a call to public service or a belief that they're going to have a chance to do something meaningful...."
Article Excerpt: "...would extend the federal worker pay freeze or require them to pay more towards their retirement. But a House GOP-backed bill passed last week would do just that. ..."
Article Excerpt: "...Because that system does not include Social Security, these employees do not pay that tax but rather pay all their contributions into the federal retirement fund...."
Article Excerpt: "...House Speaker John Boehner, R-Ohio, said the so-called Middle Class Tax Relief and Job Creation Act would save $36 billion by cutting federal retirement benefits, and $26 billion by extending the pay freeze. ..."
Article Excerpt: "...Timanus said he has been hearing for years about an impending wave of retirees that would decimate the federal workforce. But he has yet to see any sign that it is happening...."
Article Excerpt: "...advocates for Social Security and Medicare saw it as a victory when the congressional supercommittee declared defeat last week..."
Article Excerpt: "...Agencies could be forced to cut tens of thousands of vital jobs, such as Border Patrol, FBI and other law enforcement agents, Transportation Security Administration screeners and air traffic controllers...."
Article Excerpt: "...leaving Mitt Romney as the only leading GOP contender not to advocate fundamental changes to the federal retirement program. Younger workers also could..."
Article Excerpt: "...Federal employees' satisfaction levels continue to lag behind the private sector, which had a satisfaction index score of 70 out of 100 this year, a slight drop from 70.6 in 2010, the study found...."
Article Excerpt: "...The Office of Personnel Management (OPM) is announcing changes in premiums for certain Federal Employees' Group Life Insurance (FEGLI) categories in accordance with sections 870.401(a)(2) and 870.402(a)(3) of title 5 of the Code of Federal Regulations. These include changes to premiums for Option B (most age bands), Option C (all age bands), and Post-Retirement Basic Insurance. These rates will be effective the first pay period beginning on or after January 1, 2012...."
Article Excerpt: "...Employees under Federal Employees Retirement System (FERS) will get 2.6% COLA if they..."
Article Excerpt: "...Like other state employees, the governor has contributed part of his salary toward his state and federal retirement, and his aides say he should receive the benefits when he leaves office. ..."
Article Excerpt: "...No one ever said that understanding the federal retirement systems was easy. If you’re approaching retirement, attend a pre-retirement seminar. If your agency is not offering such seminars, ask them to...."
Article Excerpt: "...Monthly Medicare premiums for most beneficiaries will rise next year by $3.50, to $99.90, a much smaller increase than had been expected, the Obama administration said Thursday. ..."
Article Excerpt: "...The Issa bill is a bureaucratic, top-down approach that will reduce services to taxpayers, begin the destruction of the Postal Service, and more broadly do serious damage to the $1.3 trillion mailing industry that is built around the USPS—thereby threatening the industry's 8 million private-sector jobs...."
Article Excerpt: "...After her father disappeared, a Cottage Grove woman collected his Social Security and federal retirement benefits for a quarter of a century..."
Article Excerpt: "...regular premiums for Medicare -- and things that Medicare does not pay for -- as well as co-payments for medicine and doctors' visits can be enough to undermine an otherwise sturdy retirement plan...."
Article Excerpt: "...demonstrations rage on Wall Street and in cities across the nation protesting a widening income gulf between average wage earners and the nation’s wealthiest..."
FERS Basic Benefit Plan eligibility is determined by age and number of years of creditable service. In some cases, you must have reached the Minimum Retirement Age (MRA) to receive retirement benefits. The chart below indicates MRA:
Article Excerpt: "...The investment limit in the Thrift Savings Plan, the retirement savings program for federal employees, will increase in 2012 for the first time since 2009, the IRS announced Thursday. ..."
Article Excerpt: "...those who retired under the Federal Employees Retirement System and who are eligible for COLAs will receive 1 percentage point less. The FERS system generally doesn’t pay inflation adjustments until age 62..."