All articles tagged with #federal retirement
Originally Published 24 days ago — by Government Executive
The article provides essential guidance for federal employees approaching retirement, covering key decisions such as final separation, withdrawal of retirement applications, returning to federal employment, managing leave, choosing survivor benefits, handling military service credit, and maintaining health and life insurance, to ensure a smooth transition and optimal benefits.
Originally Published 27 days ago — by Federal News Network
Retiring federal employees face significant delays due to high application volumes from the deferred resignation program and ongoing modernization efforts, leading to stress, errors, and administrative backlogs across agencies and OPM.
Originally Published 2 years ago — by GovExec.com
House Republicans are proposing steep cuts to federal employee compensation, including ending annual pay boosts and increasing health insurance premiums, in an effort to reduce deficits. However, experts argue that the savings from these cuts may be limited and the costs could be high. The proposal also aims to strip down the General Schedule system and merge federal retirement savings into the Thrift Savings Plan, potentially saving $235 billion over 10 years. Critics argue that such cuts could negatively impact morale, recruitment, and retention of federal employees, and may not significantly address the larger deficit issue. Some experts suggest a more targeted approach to downsizing certain departments and reining in entitlements to achieve sustainable cost reductions.