Home / Tag Archives: retirement (page 7)

Tag Archives: retirement

Postal Service IG: Agency Overfunded FERS Program by $11B

A Postal Service inspector general analysis has recommended the Office of Personnel Management calculate the USPS’ obligations to the federal employees retirement system differently next time, Federal Times reports. According to Sean Reilly’s report, OPM calculated FERS funding under the assumption that the governmentwide salary growth was 4.11 percent between …

Read More »

OPM Forming New Phased Retirement Structure

The Office of Personnel Management has released new details about a new program that would let federal employees eligible for retirement switch to part-time work, the Washington Post reports. According to Eric Yoder‘s report, participating employees would receive a prorated partial salary and annuity, based on the amount of time …

Read More »

GSA Enters Buyout Round 2; Tony Costa Comments

The General Services Administration has given 1,022 employees offers for buyouts or early retirements and expects 200 of them to accept, Federal Times reports. Chief People Officer Tony Costa said in a memo that only eligible employees received news about the offers via email, according to Stephen Losey’s report. GSA …

Read More »

Navy Asst. Energy Secretary Jackalyne Pfannenstiel Resigning

Jackalyne Pfannenstiel, the Navy’s assistant secretary for energy, installations and environment, is resigning from her post because of health reasons, Marine Corps Times reported. Roger Natsuhara, Navy principal deputy, will take over the post on an active basis until her replacement is named, which and until her replacement is named, …

Read More »

CBO: 30% Growth in Retirement Benefit Spending Likely

The Congressional Budget Office predicts the number of federal retirees will increase by 10 percent over the next decade, helping spur a close to 30 percent increase in retirement benefit spending over that period. Total spending on federal retirement will likely grow from $73.9 billion to $95.7 billion, while Social Security …

Read More »

Air Force Civilian Hiring Freeze Ends Thursday

The Air Force will lift its civilian hiring freeze Thursday, it was announced Wednesday. The hiring freeze was implemented in August to bring the workforce down to 2010 levels, the Air Force said. Early retirements and buyouts were also offered and employees who accept the offers are expected to leave …

Read More »