An aging population of federal employees means that many are leaving federal service due to retirement. The National Active and Retired Federal Employees Association (NARFE) argues that this means there could be a damaging loss of institutional knowledge these federal workers take with them. However, the author points out that the turnover rate among federal employees is very low compared to the private sector and says that the loss of institutional knowledge from retiring federal workers might not be as bad as NARFE is projecting.
Congress is considering a bill that would require postal retirees to enroll in Medicare Parts B and D or lose their Federal health insurance. Is this the future for all Federal retirees?
Some recent incidents highlight the need for federal employees to remain alert to the presence of possible violent actions in their workplaces.
A new Department of Labor regulation allows federal contractors to discuss and inquire about their own pay or that of their co-workers without fear of being fired.
With Congress back in session this week, John Hatton, deputy legislative director for NARFE, told FedSmith.com that his organization has several priorities in terms of legislation it wants to see passed by Congress to help federal employees, including avoiding another government shutdown and interest rate cuts to the TSP’s G Fund.
Starting September 5th, the Thrift Savings Plan will be providing new federal employees with a different default fund for automatic enrollment in their retirement savings plans.
Starting in January, most retirees under the Civil Service Retirement System (CSRS), who also are enrolled in Medicare Part B, could see a 52% jump in their monthly Medicare premiums.
A former federal employee with the Bureau of Labor Statistics entered a federal building in New York last week and killed both a security guard and himself, perhaps out of frustration with the loss of his federal job from his whistleblower status.
Are the funds inside of your TSP account being put in jeopardy by financial advisors who aren’t looking out for your best interests? This matter was discussed at a Department of Labor hearing last week on a proposed rule change governing the conduct of financial advisors.
How many federal employees were hired in June, and how many left federal service? How does this compare to the private sector? Recent data from the Bureau of Labor Statistics provide some answers.