USPS OIG Report: Treasury Inflation-Protected Securities

Objective The Postal Service participates in three retirement plans: The Civil Service Retirement System (CSRS), the Federal Employees Retirement System (FERS), and the Postal Service Retiree Health Benefits (RHB). The first two are pension plans, and the third is set up to fund RHB premiums. The Office of Personnel Management (OPM) administers these programs, including…

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Senator Casey on cuts to federal employee retirement benefits

From: Senator Robert P. Casey, Jr. <senator@casey.senate.gov> Date: Thu, Jan 18, 2018 3:48 pm Dear Mr. Zelznick: Thank you for taking the time to contact me regarding cuts to federal employee retirement benefits. I appreciate hearing from you about this issue. On May 23, 2017, the Office of Management and Budget (OMB) released President Trump’s…

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Retirement reminder: TSP catch-up deadline approaching

The Postal Service is reminding employees that the deadline to make Thrift Savings Plan (TSP) catch-up contributions effective for the first pay period of 2017 is Jan. 4 at 4 p.m. EST. There is no open season for TSP. Employees can make or change TSP elections at any time during the year. In 2017, employees…

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APWU: Proposed Budget Bills Cut Postal, Federal Pay

Web News Article #: 063-2015 03/25/2015 – Two congressional committees are proposing to solve the nation’s financial problems in part by reducing pay for millions of postal and federal employees. Budget bills for fiscal year 2016 proposed by House and Senate committees last week would cut pay for postal and federal workers by increasing the…

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Rep. Westerman Seeks To Reduce Federal Pensions

By Peter Urban – March 5, 2015 WASHINGTON — As a freshman member of Congress, U.S. Rep. Bruce Westerman has gone largely unnoticed by the unions that represent federal employees, but that is about to change. Westerman, R-Hot Springs, is introducing legislation that would cut back on pension benefits for retirees starting in 2017. A…

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Unlocking the Secrets of FERS

By Tammy Flanagan – January 22, 2015 As you probably know, federal employees are generally covered by one of two retirement systems: the “old” Civil Service Retirement System or the “new” Federal Employees Retirement System. But FERS isn’t that new any more. It includes many employees who have accumulated 30 or more years of federal…

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