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Younger Feds Take Dimmer Views on Some Workplace Matters

Only about a third of federal employees of the millennial generationbelieve that creativity and innovation are rewarded on their jobs and only a similar share are satisfied with their career advancement opportunities, according to an OPM report. Continue ›

Advancement Opportunities Raise Concern

OPM said the views of that generation—who currently make up 16 percent of federal employees—are crucial since 43 percent of the workforce will be eligible to retire within the next five years. Continue ›

Key Interest Rate Set

The interest paid in the voluntary contribution retirement savings program available to CSRS (but not FERS) employees will be 2 percent in 2015; this year's rate is 1.625 percent. Continue ›

VC Program Is Not an Urban Myth

Voluntary contribution accounts are available only to CSRS and CSRSOffset employees; those employees may invest an amount equal to up to 10 percent of their career federal basic pay in such accounts, where the money earns interest tax-deferred until withdrawn. Continue ›

Official Time Use Up Slightly

OPM recently released a report on the use of official time, which is on-the-clock time spent by federal employees to perform certain union-related duties, finding that the number of hours used in total rose by 1.3 percent overall from 2011 to 2012, although the number of hours per bargaining unit employee decreased slightly since the number of those employees rose by 1.6 percent. Continue ›

Expert's View: Phased Retirement Considerations

If you're eligible for phased retirement and your agency is willing to let you do it, you still will have to think through some considerations before committing to it, writes benefits expert Reg Jones. Continue ›

OPM Drafts Phased Retirement Forms

OPM has sent agencies drafts of the forms to be used in applications for phased retirement while reiterating that it won't accept applications until November 6, when the forms will be posted on the OPM site. Continue ›

Download Now: The Federal Employee's Guide to Phased Retirement

FEDweek has just updated its free download on the new type of retirement allowing employees to receive partial annuity benefits while working part time, called The Federal Employee's Guide to Phased Retirement, reflecting the final OPM policy decisions recently announced. Continue ›

FEGLI Expansion Proposed

Children of same-sex domestic partners meeting certain standards and living in states that do not allow same-sex marriage would be eligible for coverage under FEGLI Option C family coverage, under rules OPM proposed in today's (October 15) Federal Register. Continue ›

Federal Legal Corner: Settlement Paves Way for Retirement Eligibility

A recent reconsideration decision issued by the MSPB in Eller v. Office of Personnel Management, 2014 MSPB 72 (9/05/14) held that an employee's eligibility for discontinued service retirement (DSR) is not affected by the fact that the [...] Continue ›

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