Showing 31 ideas for tag "retirement"

Legislative Branch

Eliminiate Congressional Retirements for less than 20 years serv

There is no excuse for paying any congress person a retirment if they have not been in office for at least 20 years. They should not get an inflated reitrement from the tax payers. If they want a retirement paid for by the tax payer then they have to earn it. it should not be given to them for serving 1 or 2 terms in office. If they don't make it to 20 years of service then apparently they weren't doing a very good... more »

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EXOP - Office of Management and Budget

Dual Benefits Joint Taskforce

There are several Federal entitlement programs with overlapping and sometimes duplicative benefits. Yet dual benefits continue because there is a lack of independent verification when someone receives benefits from multiple programs. For instance, SSDI benefits are supposed to be reduced if the beneficiary is also receiving workers' compensation payments. Yet there is little or no information available to either program... more »

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Department of Justice

RETIREMENT

To both correct the reverse age discrimination of the current law enforcement retirement system and to save payroll funds int he future, I suggest the following: allow BOP staff having 20 years of qualified law enforcement service, ir-regardless of age, to retire without deferred retirement penalties ((As this is the only way to remedy the current reverse-age discrimination of the law enforcement retireemnts which... more »

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Department of Agriculture

Work Calculation Efficiencies

My position requires an average of 70 to 80 hours of work per week. The government recoups considerably more than the cost of paying my overtime by charging private industries an hourly rate for my essential services, and therefore there is no incentive for the government to be concerned about my life/work balance, safety and health, or inefficiencies of work due to excessively long hours. Allowing early retirement... more »

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Department of Homeland Security

Benchmark Private Industry with Early Retirement Package

Many federal employees are "Retired-in-Place" today. They are simply overhead, putting in the time at work but not contributing to the bottom line. By offering periodic early retirement packages to all federal employees, the "cost" of the early retirement package would be offset by the billions of dollars that would be saved though the ongoing salaries and the Federal government's non retired shared benefits costs.... more »

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General Services Administration

Review and Revise Federal Workers' Benefits

Raise the retirement age for federal employees to 70. Our jobs are sedentary;our jobs are fortunately, but unusually, secure; and we are well compensated for the work we do. Why should taxpayers be asked to pay up to 80% of the final salary of someone in their mid-to-late 50's just because they worked for the government? That person could realistically live until they are in their 80's or 90's. Three or four decades of... more »

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Legislative Branch

Make FERS elective

Some employees do not want to participate in the FERS defined benefit pension system, especially if the employee contribution percentage is increased. Some employees feel that they could do much better managing that money on their own. There are fears, especially amongst new employees that FERS is nothing more than a pass-through where the money they are paying in today is getting immediately paid to those already retired.... more »

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Legislative Branch

Enhanced automation of the retirement process

Utilize existing software and payroll process such as the DOJ FBOP's employee express et al and combine them with OPM's system to allow staff to automatically and electronically apply for retirement, identify benefits, register for continued et al... all from their workstation. In such, the OPM retirement systema nd the BOP pay systems would be semi merged, thus ELIMINATING partial payments and non-payments by OPM when... more »

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Office of Personnel Management

incentive to retire

I suggest to provide incentives for those eligible for retirement to actually retire. Make available about $20k incentive government wide to retire for those eligible to retire.
This will save money by those at the higher end of the pay scales being replaced with new hires at the lower end of the pay scales.
This will also lower the unemployment rate. I conservatively guess about 100,000 workers would take the offer.... more »

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Department of Agriculture

tax and penalty free withdrawal of Thrift Savings

Allow tax free and penalty free withdrawal of Thrift Savings Plan retirement savings for retiring employees. The option to withdraw TSP funds tax free and penalty free would allow employees to receive a buy-out without it costing current revenue.

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Department of Health and Human Services

Retirement Incentive Other that Dollar Buyout

The coming budget year will likely include a mandate requiring agencies to reduce there budgets which ultimately means a reduction in the number of FTE’s. Personnel that maybe on the fringe of retirement (those that maybe just under the age or service time requirements to retire) should be given incentives to volunteer there by saving the jobs of younger personnel. But simply giving a $25 thousand dollar buyout to... more »

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Office of Personnel Management

Save $23B in Six Years - Sick Leave Towards Retirement Date

By allowing federal employees to count up to one year of earned sick leave towards their retirement date, the government could save $23 billion between now and 2016. 340,000 feds will retire in the next six years; average salary $68,000. Right now, any earned unused sick leave will add to your retirement income - up to one year starting in 2014; your retirement check will be based on 31 years of service instead of 30.... more »

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