The administration proposed a 1 percent pay raise for federal employees and dropped a proposal to increase pension contributions in its fiscal 2015 budget request. Office of Management and Budget director Sylvia Burwell said in a...
Question: What is a “minimum retirement age (MRA) +10” annuity under the Federal Employees Retirement System (FERS)?
The Postal Reform Act of 2014 was recently approved by the Senate Homeland Security and Governmental Affairs Committee. S. 1486 now awaits consideration by the full Senate. The bill would severely diminish or authorize the elimination of long-standing employee benefits,...
The Air Force will not only meet, but exceed Defense Secretary Chuck Hagel's edict to the military services and Defense agencies to cut back their headquarters-level spending by 20 percent over the next five years. And the service will do so more quickly than required.
While federal unions push for a bigger pay raise than the 1 percent President Barack Obama will propose in his 2015 budget, lawmakers say that any raise faces a fight. Rep. Steny Hoyer, D-Md., the House minority whip, said...
After a rocky start to the year, fund performance for the Thrift Savings Plan rebounded. A strong February on Wall Street helped fuel across-the-board gains in all five of the TSP's regular funds, according to statistics released by the Federal Retirement Thrift Investment...
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