Ahead of another deadline on the restart of payments for America’s $1.7 trillion in federal student loans, President Joe Biden on Wednesday, 8/24/22 announced a plan to cancel debt for a subset of Americans and continue to keep a pandemic-era pause on the repayments — a sweeping move he has openly weighed in some form […]
Does waiting 30 days for a government report seem a bit unreasonable? After all, we live in a world of instant messages and real-time quotes. Why should we wait a whole month between updates on the Consumer Price Index to see what’s going on with inflation? Well, you don’t. If you’re an economics geek like […]
How much is your FERS annuity worth? More than you think it is! FERS is a defined benefit plan that is funded by mandatory contributions from both you and the government. You pay significantly less for this benefit than does Uncle Sam. Your FERS annuity is calculated by your length of service (in years and […]
Phased Retirement is a human resources tool that allows full-time employees to work part-time schedules while beginning to draw retirement benefits. This new tool will allow managers to better provide unique mentoring opportunities for employees while increasing access to the decades of institutional knowledge and experience that retirees can provide. This is yet another forward-thinking […]
Despite concerns that the ranks of the civil service could shrink during the COVID-19 pandemic, the federal government is hanging on to its workers — at least for now. There was modest change in attrition across the federal government in fiscal 2021 despite turbulence caused by the nationwide health crisis and increased resignations in 2020. […]