Financial Planning and Retirement News

OPM puts dent in retirement claim backlog

The Office of Personnel Management’s retirement claim backlog fell in the month of November, after several months of increases.

14 percent of feds eligible to retire now

The long expected “retirement wave” of federal employees is beginning to materialize, with roughly 14 percent of feds eligible to retire today.

Lawmakers take another stab at increasing early out payments

The maximum buyout for federal employees to leave government service has not increased since it was first authorized in 2002, and Senate lawmakers are trying to change that.

Federal employee union sues president

The largest union representing federal employees has filed a lawsuit against President Trump alleging that his recent executive orders deny workers their legal right to representation in the workplace.

Air Force asks retirees to return to active duty

The U.S. Air Force said it will ask as many as 1,000 retirees to come back to work in pilot staff, combat system officer and air battle manager positions.

Pon defends retirement proposals at hearing

Rep. Elijah Cummings, D-Md., calls recent retirement cut proposals, “draconian,” but OPM Director Jeff Pon contends that he is bringing federal retirement benefits into the 21st century with his plan.

Ohio lawmaker opposes Pon's retirement cuts proposal

While the Office of Personnel Management director wants to make federal employee retirement benefits more in line with the public sector, one lawmaker says the proposed changes only make the federal government a less attractive employer than the private sector.

OPM retirement claims processing time up, backlog down

The Office of Personnel Management reduced its retirement claims backlog in April, but the agency increased the time it took to process claims.

elderly couple on stack of coins

OPM lays out proposed changes to fed benefits

Office of Personnel Management Director Jeff Pon has proposed changes to federal employees’ retirement benefits to more align them with that of the private sector.

ICE acting director announces retirement

Less than six months after being nominated to lead the Immigration and Customs Enforcement, the acting director announced on Monday that he will retire this summer.

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