EPA’s Early Retirement/Buyout Justifications Reveal How Agency is Reorganizing (By Meredith Somers)

Six Seattle toxicologists, 16 Kansas City chemists,  41 IT managers in Durham, North Carolina, 136 general attorneys from Washington, D.C.

The range of work, employee pay grade and office location runs the gamut when it comes to the Environmental Protection Agency’s early retirement and buyout program, and as the Sept. 2 deadline approaches, more details are coming out on how the agency plans to reduce its workforce to address budget requirements and the government reorganization. Read more

TSP’s 2-month winning streak ends with a slow June (By Nicole Ogrysko)

A slow June saw lower or negative returns for many of the funds in the Thrift Savings Plan (TSP) after a winning streak in May and April. One retirement fund posted a higher return in June than the previous month, but all others saw noticeably lower decreases or remained virtually unchanged. Read more

Should a Trust be the Beneficiary of Your IRA? Pros and Con

For many Americans, the assets in their Individual Retirement Account represent a significant portion of the wealth they hope to leave to their loved ones. You may have heard that creating a trust and naming it as the beneficiary of your IRA is a good way to direct how your assets are distributed after your death and force your heirs to “stretch” the IRA for generations. However, trusts and inherited IRAs are complex vehicles that have a lot of details to get right. Here are some of the pros and cons of naming a trust as a beneficiary of your IRA:

Read more

Questions About Medicare? Here Are Some Answers

Medicare is complex and today’s changing health care landscape makes it more important than ever to fully understand how it works. If you or someone you know is near retirement, you may have questions about how to enroll in Medicare and what Medicare covers. Here are answers to some common questions about Medicare that can help you understand your options and avoid costly errors or gaps in coverage. Read more

EPA to Offer Early Buyouts (Federal Soup)

The Environmental Protection Agency will continue an external hiring freeze and begin offering early buyouts to employees as part of a plan to reducing its workforce.

Acting Deputy Administrator Mike Flynn in an April 17 memo to regional administrators and other top agency officials said given the agency’s current resources and in light of President Trump’s executive order to immediately reduce and streamline the federal workforce, EPAs own reduction plans will be completed by the end of fiscal year 2017.

“In light of [Office Management and Budget] guidance, we will begin the steps necessary to initiate an early out/ buyout (VERA/VSIP) program,” Flynn wrote in the memo.

He asked for patience as the details of the guidance are worked out.

EPA has about 15,000 employees a part of its workforce.

 

Source: Federal Soup