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May 3, 2024

Federal Employee Retirement and Benefits News

Category: Articles

Articles

All the latest articles covering the information that you will be craving to devour will be available via this category. From getting to know how indebted our company is to reading about the presidential elections; from knowing about new retirement plans to finding out how security breaches can affect your life; you can browse it all!

For more articles, visit our articles’ section.

Public Sector Retirement, LLC (‘PSR,’ ‘PSRetirement.com’ or the ‘Site’) is a news channel focusing on federal and postal retirement information.  Although PSR publishes information believed to be accurate and from authors that have proclaimed themselves as experts in their given field of endeavor but PSR cannot guarantee the accuracy of any such information not can PSR independently verify such professional claims for accuracy.  Expressly, PSR disclaims any liability for any inaccuracies written by authors on the Site, makes no claims to the validity of such information.  By reading any information provided by June Kirby or other Authors you acknowledge that you have read and agree to be bound by the Terms of Use

SCHEDULE A – WHAT DOES IT MEAN

Schedule A: What does it mean?

I get lots of ideas to write about Schedule A because someone is always asking me a question.  Keep the questions coming because they not only give me something new to write about, they also give me a peep inside of what federal and postal employees are thinking about.  The questions tell me what is on their minds and what they need to know.

A few days ago, a young woman said that she was preparing to retire at the end of the year.  She had worked for 40 years and was ready to sail unknown seas on her own terms.  She was under the Civil Service Retirement System (CSRS) so I asked if she wanted to try for another year and 11 months to get her maximum benefit of 80%.  She looked at me with very direct eyes and said – “I’ll leave the rest of the time for someone else to make.”

It was her birthday and I had asked her to tell me what she wanted on this very special birthday only months before her retirement.  She looked at me and said, although it perhaps has nothing to do with my retirement benefits, I want you tell me about Schedule A.  Initially, I thought she was joking, but she was quite serious.  So that you don’t get to within a few months of your retirement and think about a question you forgot to ask because it fell outside of the retirement seminars and classes I normally teach, here’s to Schedule A.

Schedule A is a special hiring authority to address persons with disabilities when hiring.  It operates in two ways:  Noncompetitive where an individual may be hired without going through the competitive process.  Competitive is where the individuals compete against each other under very structured procedures.

You never know what is on the mind of a federal worker, but it always pleases me to get the inside scoop.  Keep the questions coming and I’ll keep writing.  Enjoy your retirement Rebecca and you can still send me a question anytime.  I’ll keep the computer on.

P. S.  Always Remember to Share What You Know.

Dianna Tafazoli

Weekly Newsletter -SHARP MIND

http://www.psretirement.com/federal-employees-receive-boost-in-pay/Weekly Newsletter: Sharp Mind

weekly newsletterWeekly Newsletter: As we live longer and longer in retirement it is our hope that our quality of life will keep pace with the extended years.  We go to the gym and participate in  activities to keep our physical selves in tact.  To have mind, body and soul working in perfect synergy is where we would all like to be.  I am inspired to pay tribute to a lady who kept her mind sharp to the end.  She passed away today – May, 28, 2014, at the age of 86, and wrote her last tweet on May 23, 2014.  I think that is a remarkable testament to how being actively engaged in learning can keep our minds sharp until the end.

A woman who graced us with more than 30 books, allowing us to peep into her very florid life through six writings of her autobiography, yet she gave us just a bit more to think about in the end.  She told us that she knew why the caged bird sang.  She invited us to  sing, swing and get  merry like Christmas, and she also told us that we all needed traveling shoes.  What a remarkable ride this woman took us on even lulling us to say simply, very simply with hope Good Morning – Good morning to a life we deserve to live with sharp minds, strong backs, quick feet, and happy hearts knowing we have worked hard to make useful and worthy contributions to our country.

And when we retire and have given our all to make a difference in someone’s life maybe even the world, we can take a page out of a phenomenal woman’s life where all who hungered for knowledge and wisdom sat at her feet, heard her teach as no one else could, and lovingly called her Auntie Maya.  Maya Angelou, the poet, the teacher, the preacher, the phenomenal woman – you leave us words to strengthen our minds, you leave us your last tweet – “Listen to yourself and in that quietude you might hear the voice of God.”   Read and read, write and write, engage our minds so that we will perhaps tweet something when the time comes about the wisdom of retiring well.  Good morning Auntie Maya. This concludes our weekly newsletter.

P. S. Always Remember to Share What You Know.

Dianna Tafazoli

Veterans Benefits: The VA and DOD

Veterans Benefits: VA and DOD

veterans benefitsI write about 12-15 blog articles per week in addition to a weekly newsletter.  That’s a lot of writing and more over, I choose my own topics.  I do have a little help from the classes I teach and the many wonderful people I get the opportunity to talk with.  I am always getting flooded with loads of questions.  I like it because the questions give me something interesting to write about.  The questions also let me know what is on the minds of people concerning retirement, veterans benefits, planning and how to make sure their families are going to be okay in the event they are not around.

When I told some people that I was going to be dedicating this week’s articles to our active and retired military personnel, did they have lots of topics for me to pull from.  I thought the question about the difference between the Department of Veterans Affairs (VA) and the Department of Defense (DOD) where health care was concerned was a great topic to tackle in brevity.

The VA and DOD are distinctly different federal agencies.  The United States Department of Veterans Affairs led by the Under Secretary of Veterans Affairs for Health is tasked with implementing medical assistance programs for the VA via outpatient clinics, medical centers,community-based outpatient clinics and nursing homes.   These services collectively come under the Veterans Health Administration which is a component of the Department of Veterans Affairs.

The Department of Veterans Affairs sponsors a health benefits program called CHAMPVA wherein the VA shares in the cost of certain health related services and supplies to beneficiaries eligible to participate in the insurance program. CHAMPVA is essentially the civilian health and medical program of the Department of Veterans Affairs.

The Department of Defense (DOD) is responsible for all of the U.S. military hospitals around the world where medical services and treatment are provided to service members and their eligible family members.  One of the most noted military hospitals is located in the nation’s capital – Walter Reed Army Medical Center.  It is a military hospital and not a VA facility.

TRICARE is a major part of the Military Health System managed by the Defense Health Agency under the auspices of the Assistant Secretary of Defense for Health Affairs.  TRICARE is a health care program for service members and their families around the world whether they are active, retired, guard or reserve.

Hope this gives some clarity to the mission of the Department of Veterans Affairs (VA) and the Department of Defense (DOD) via health care facilities and visions  provided to service members retired and active.

P. S. Always Remember to Share What You Know.

 

 

More Veteran Related Articles

Applying For Veteran Benefits

The Inherent Dilemmas of a Schedule “A” Appointee – Houston, I Think We Have A Problem!

Hiring Our Heroes

Honoring The U.S. Commitment to Veterans by Dianna Tafazoli

MIlitary Tricare and FEHB

Weekly Newsletter: IN HONOR OF VETS

Weekly Newsletter

weekly newsletterWeekly Newsletter: The brave men and women who serve in the Armed Forces provide a service to the nation that is unsurpassed.  They make tremendous sacrifices, even putting their lives on the line to protect the nation’s borders.

These selfless men and women often leave their families behind for long periods of time, missing out on the birth of children, watching them grow, birthdays, the first day of school; things most of us take for granted.  Although many families travel around the world with their service member spouses, often deployment means being stationed where safety is an issue and families must be left behind.

As the world has changed and continues to change, and opportunities in the military are extended to both men and women,  children are often found without either parent left to be raised by grandparents and other relatives.  The commitment and sacrifice these parents make are indescribable.

Taking care of Vets when they return home is often a lengthy  legislative discussion of cost and affordability.  A discussion may be warranted just to determine program implementation, but that should be about the extent of the discussion.  Whether to promote the programs should never be a point of contention.  Men and Women who wear the uniform of the various branches of the U.S. military should be welcomed home and honored as heroes both in war time and in times of peace.

There has been a lot of noise about Vets not getting the health care services they so desperately need and amplified in recent months.  This is news that should merely be an aberration and not an everyday struggle for Vets and their families.  Vets should not be without appropriate and timely health care, including mental health services.  Vets should not be homeless or jobless.  They should not have to beg and wait and wait for benefits to be approved.  When these individuals went into the military and signed on the dotted-line, their signature said ….”I submit to lay down my life for my country.  I sacrifice all to protect not only my family, but those I don’t know and will never know because simply put, they reside within the borders of the nation I love and have sworn to protect.

To a nation where such an ultimate sacrifice has been made, how can we in earnest deny any of our Vets and their families anything short of a respectable life with the resources to assure such a status. We hear many negative things about services to Vets.  I had the opportunity a few years back to participate in a study for the Department of Veterans Affairs (VA).  I had the privilege of meeting with the head of a VA hospital in Atlanta, Georgia – Mr. James Clark.  I take the liberty of using his name because it is my opinion that managers who get it, should be celebrated and applauded.

Mr. Clark knew what service delivery was and what excellence in service delivery meant to Vets and their families.  He knew a thing or two about succession planning and the importance of diversity and inclusion that covers the wide-expanse of America’s multi-faceted quilt.  As I left his office and was given a tour of the hospital, I was struck by what was undeniably and visibly at every conceivable exit of the hospital’s complex – a statement that read something like this —–Please do not exit this building before letting us know how we are doing in providing you the best service possible and how we can do it better?

I haven’t seen him since my visit, but I did call him a couple of years after and he graciously took my call.  I wanted to ask if he might speak to a young woman who had a future interest in heading up a VA hospital.  I could not think of a better mentor than Mr. Clark.  He probably never knew  I had such high regards for him.

To the men and women who wear and have worn the uniform of the United States military, those still with us and the fallen, we salute you.  We celebrate you and honor you for your service.  We thank you for your sacrifice.  We stand with you in your fight to be recognized as America’s heroes deserving of all you need and all this great nation has to give. This concludes our weekly newsletter.

P. S.  Always Remember to Share What You Know.

Dianna Tafazoli

Financial Planning for Federal Employees – When Is Too Much

Financial Planning for Federal Employees

financial planning

As a Federal Employee, when it comes to financial planning, can you actually do too much?  Probably not, but I do know that you can do too little planning for the future.  I often write articles based on questions asked in my classes or from individuals and friends.  Each time I get a question from a Federal Employee it fuels me to share, because obviously I didn’t think how important the information was prior to the question being asked.  That is the wonderful thing about communication, you always get a burst of sunshine because you learned something new, often valuable and something somebody else just might need to know.  The acquisition of knowledge and information is to be shared with the masses otherwise it is futile.

I am going to ask you some of the same financial planning questions I was asked by a federal employee I recently met.  Think about them and see if they might give you food for thought or motivate you to make certain you have taken care of some basic, but important business for you and your family.

What if I die and my spouse is only left with her Social Security check, how will she survive without what I brought to the table?

I remarried a few years back and after my divorce I did not see a need to elect a survivor benefit for my annuity.  I have not made provisions for survivor benefits for my current wife.  Is it too late for me to protect her now?

Our expenses will remain the same if either one of us passes away.  How can we protect each us from facing financial difficulty because one source of income will no longer be there?

I have a federal life insurance policy and my children are the beneficiaries, but living on a fixed income it is difficult for me to keep up the payments.  Would it be insensitive of me to ask the children to take over the premiums?  Can I find a less expensive policy?

I have a TSP with a pretty substantial balance.  What is the best way to make TSP withdrawals?

I keep my important papers in a special place.  I haven’t told anybody in my family where my important papers are.  When should I tell my family members about my important papers?

When it comes to financial planning and federal employees – there is no such thing as too much.

P. S.  Always Remember to Share What You Know.

 

 

Federal Workplace: Respect Is A Huge Word

Respect in the Federal Workplace

federal workplaceOur previous post discussed an individual being forced to retire as the only possible solution to being harassed and bullied.  Harassment and Bullying certainly have no place in the federal workplace, but we know that is often not the case.  Organizations post sexual harassment policies, perhaps some even have highlighted anti-bullying policies.   I think, however, all organizations could take a page out of the United States Postal Service’s playbook.  They have put it very simple and direct to the point – TREAT EMPLOYEES WITH RESPECT.  That’s it.  If we can treat employees and each other with respect, the problem of disrespect, which is what harassment and bullying sum up to, would rapidly dissipate.

The United States Postal Service (USPS) states very emphatically

“That it is committed to providing a workplace free of discrimination and harassment and fostering a climate in which all employees reach their highest potential.  The Postal Service will not condone harassment based on sexual orientation, gender identification or gender stereotypes.  Managers and supervisors must take appropriate steps to maintain a workplace free of threats or harassment – actual or perceived.”

Everyone, not only managers and supervisors, has a role to play in reaching this goal.  Employees should: Treat co-workers with respect and dignity. Examine attitudes and actions toward those with different orientations or backgrounds. Speak out when they witness harassment in the workplace.

USPS encourages employees to report variances from this policy to a manager at their earliest opportunity. Managers and supervisors are obligated to conduct prompt and thorough investigations of any allegations of harassment and “to take corrective action when warranted.”

The USPS has covered all bases making certain that every single person in its organization understand that they have a role and responsibility to safeguard the workplace and it inhabitants by being vigilant in creating an environment that respects all employees.

The USPS did not stop short of placing equal responsibility and onus on managers and supervisors as well as employees.  The USPS’s policy regarding respecting and protecting the dignity of all employees is by far the most comprehensive I have every witnessed.

After working for the greater part of one’s adult life, looking forward to a retirement from federal employment that brings comfort and stability, it is hard to imagine that those dreams could be shattered by having to leave a job, a position, an agency because the harassment and bullying was just too much.

If you see something that looks strange or sounds strange in the workplace, even if the action is not directed towards you, speak out. It just might help some deserving employee retire on their own terms.

P. S. Always Remember to Share What You Know.

Federal Workplace: Bullying vs. Harassment

Bullying in the Federal Workplace

federal workplaceDoes bullying only happen on the playground or in classrooms amongst elementary, junior and high school students?  If the parameters were that contained, we might be able to get a better handle on it.  Bullying takes place in almost every venue and avenue we can think of.  The saddest report is that it takes place in the federal workplace.  I was asked the other day if bullying were the same as harassment.  I thought about it for a moment and then I said, “Let me think about it while I prepare for my next class and I’ll give you my thoughts.”

I rarely respond to such profound questions without exploring the subject matter deeply.  Even more so because I sensed the woman posing the question had a very painful and personal reason for doing so.

Webster defines HARASSMENT as such: To annoy or torment repeatedly and persistently.  To impede by repeated attacks or raids.  To wear our, exhaust.  He also defines BULLY:  One who is habitually cruel, especially to smaller or weaker people.  To intimidate with superior size or strength. I told her in my estimation bullying and harassment were virtually the same.  Each encompasses habitual or repeated annoyance to someone whether that someone be smaller in stature or position.  It is the taking advantage of someone whom you feel lacks the standing or position to level the playing field.

I further told her that there are laws that protect individuals from harassment/bullying and the workplace should be particularly cognizant of such behavior. I explained that action to prevent it and stop bullying and harassment should be swift and unyielding.  Whatever we want to call it, to make someone so uncomfortable that they fear your presence or fear coming to work, to school, to the playground, the library, home or countless other places and situations are an unbearable predicament to be in.

Then I had to separate realty from the law.  We have many laws that are designed to stop and prevent.  However, laws are written and can only be enforced by legal means often taking an exhaustive amount of time to actually realize a remedy.  Preventing and stopping harassment and bullying is the responsibility of parents, families, communities, churches, schools, places of employment and each of us individually.

My explanation did little to heal her wounds of suffering for more than 15 years at the hands of her supervisors (superior size and strength via their position).  After becoming literally exhausted, she retired without being financially or emotionally ready.  She felt she had no choice, because her supervisor was the head of the agency and she felt the climb was too steep to make a difference.

Now here is the lesson.  Harassment and bullying are not reported because it is specifically happening to you, but because if it happened to you, it will inevitably happen to someone else.  It is like discrimination, it is not a raindrop that only falls on your head, it sort of rains all over and who knows where the rain will fall.  Harassment and bullying are pervasive and deadly.  We need to stop it in its tracks and we need to be very stern and deliberate about it.

Making our world safe and free of harassment, discrimination and unwanted sexual advances are the responsibilities of everyone.  The next post will feature what the United States Postal Service has to say about safeguarding all of its employees.  I think they have said it best.  They have made it all inclusive and have covered the kind of ground every employer needs to.

Retirement should never be because you have become exhausted due to ill treatment, cruelty, consistent and habitual tormenting by someone you feel has the power to make your life miserable.  Remember these two evils – harassment and bullying or this one evil can come from anyone, any place and at any time.

P.S.  Always Remember to Share What You Know.

Respect Is A Huge Word

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Federal Employee – Don’t Be A Target

Don’t Be a Target as a Federal Employee

federal employeeThe Federal Employee a very special group.  They are often identified as people who have money especially when then reach retirement age.  With those thoughts in mind, federal workers become the target of many scams and unsavory plots designed to swindle them out of their money.  Individuals looking to take advantage of federal workers, including postal workers, see two things – an aging population and a good government pension.

There are a few things you can do to protect yourself from scams and individuals who don’t have your best interest at heart, but rather are trying to find a way to empty your wallet.  When something sounds too good to be true, it generally is.  These individuals look, talk and act like legitimate business men and women.  They’ll tell you that they can turn your annuity into a golden nest egg if you purchase one of their courses but often won’t be from a company you have ever heard of. You might be invited to attend a seminar that promises to show you how to control and make money from the stock market when everybody else is losing money in the stock market.  But if these presentors had all of the answers would they be teaching this course, or would they be sitting on a yacht in the Carribean?

There is absolutely nothing wrong with wanting to increase your resources, grow your money; just make sure you are doing it through venues you can trust (a few pointers about financial professionals and federal employees).  You are definitely a target because it is well known that you have a pension income and perhaps some substantial savings as well.  Just visit one of the seminars I am describing and the only people you will find in the audience are generally people who are considered senior citizens, the newly minted retiree.

If the seminars are there to make people rich and show them how to increase their money, then why not target all age groups.  If you are looking for people with money, then many younger workers have good salaries and might have a few dollars stashed away as well.  These fast talking, polished marketeers are looking for vulnerability and access to your cash.

Of course, they’ll give you a nice meal at some hotel they’ve negotiated a pretty good bargain for in order to further legitimize themselves.  Here is a basic question you should ask yourself when you receive one of those shiny invitations in the mail about how a seminar is going to change your life and your entire future.

It is said that Warren Buffett is one of the richest men in the world who knows a heck of a lot about investing and ebbs and flows of the stock market. Here is the question.  Have you ever received an invitation in the mail from Warren Buffett promising to help you learn the secrets and the mysteries of the stock market so that you can get rich?   You never have and you never will.  What makes the people who want to show you how to get rich different from Warren Buffett?  They are trying to get rich from selling you a bill of goods.  He is already rich and it didn’t come from  hosting seminars teaching people how to get rich.  It is sad to say, but true – the average human being is just not that altruistic.

Oprah tells us how to live our best life.  Iyanla tells us how to fix our lives.  Dr. Phil tells us to confront our problems. T. D. Jakes tells us to get ready, get ready and Joel Olsteen tells us to receive it.  None of these wonderful people, most  who have substantial holdings and great financial wealth have ever and will never invite you anywhere and tell you how they are going to make you rich.

There is a reason why Florida leads the nation in Medicare fraud.  Senior citizens and the elderly are targets for all kinds of sophisticated and unsophisticated scams.  Talk to your family members, someone you can trust when you think about opening your purse or your wallet to pay someone to show you how to become rich.  You worked hard to earn the right to retire and live comfortably and secure in your retirement.  Beware and don’t let someone take your security away from you.

P. S.  Always Remember to Share What You Know.

Federal Employee – Do You Really Want To Retire?

Do Federal Employees Really Want to Retire?

federal employeeAs a federal employee, the question ‘Do you really want to retire?‘ is a totally different question than can you retire.  If you don’t really want to retire because you feel you have a lot more to give and the thought of retirement simply does not appeal to you, is not an usual phenomenon.  According to the Blue Zone Report (people who live longer, healthier lives) retirement in the traditional sense might not be a good idea.  Studies have certainly shown that being active is of great benefit to humans both physically and mentally, it keeps you in the game.

There are a number of opportunities available to persons who don’t want to retire.  The Office of Personnel Management (OPM) is exploring the idea of Phased Retirement which will keep many in the federal workforce on their jobs for a longer period of time.  Those employees who want to stay in the federal workforce may have options via proposed Phased Retirement or the option of working as Contractors.

The other side of the coin is, can you afford to retire as a federal employee.  After examining your options, performing a benefit analysis and finding that the estimated money that will be coming in after you retire, just won’t cover your expenses is reason to pause and evaluate options. What to do?  If you are within 3 to 5  years of retirement, it might not be a whole lot that can be done in terms of a salary increase.  But you can tap into doing more through your Thrift Savings Plan (TSP).  It is always a good idea to maximize participation in TSP to the greatest extent possible.  Exercise all of your options to leverage your ability to secure your retirement future.

It is never too late to begin planning for your retirement future as a federal employee.  Plan now, look at your options realistically, and take care to stack up your expenses against the estimated revenue you will receive in retirement.   It is important to realize that wanting to work and needing to work are a dynamic that should be prioritized early so that working or not working is voluntary and not mandatory.

P. S.  Always Remember to Share What You Know.

Related Articles

Phased Retirement’s Debut

The Military Wants To Buy You Out

The Aging Federal Workforce

The New Federal And Postal Retirement

Annual Leave: Summer is Here

Summer is Here – How Will You Use Your Annual Leave

annual leaveSummer is here and what does that mean for federal and postal workers?  Your annual leave which you have accumulated, will you use it to take the family on a long and much deserved vacation, perhaps even an international trip?  Not so fast.  If you are looking at retirement in the next 3 to 5 years, you might want to rethink how you use those accumulated annual leave hours – both sick and unused annual leave can have an impact on your federal retirement.

If you are heading into your CSRS or FERS retirement age you should pay careful attention to managing your resources for a retirement future that could last another 30 years or more.  Many financial experts recognize that the challenges to the US economy is intimately tied to the economies around the world and therefore point to the risks abroad as possible reasons to be cautious with your money in retirement.  We have learned that the economy of the United States is not isolated but is greatly impacted by the world economy.

We can no longer say, that is happening over there and it has nothing to do with us.  Not so.  Not so.  If the world has always been intricately connected, it is now even more apparent via advances in information technology.  Therefore, instead of using your leave for an extended summer vacation, preserve your unuse annual leave so that it can leverage your retirement options.

Both CSRS and FERS employees can enhance their retirement by using sick leave to add to years of service when calculating the retirement annuity.  The more years served the greater the retirement annuity.  Since it often takes some time to get your first full annuity check,  having a handsome annual leave check is just what the doctor ordered to fill the gap.

We all need a vacation from the high demands of work.  Instead of a lengthy vacation think about  a number of mini vacations.  Holidays that fall on a Monday or a Friday are especially nice.  Those holidays can extend the weekend into 3 days.  Our nation offers many attractions that can be managed in 3 days at affordable prices.  A friend recently suggested an in-home SPA vacation.  She is a connoisseur of great, affordable, luxury spa items topped off by placing them in breath-taking baskets and other containers.  Turning your home or a room into a Day Spa with all attention focused on you is both fun, relaxing, refreshing and helps avoid breaking the bank.

In this instance you can have it all.  Those who have use-or-lose leave can really live it up and still save for future retirement.  Take a vacation, manage your retirement dollars and enjoy the lazy days of summer and hang on to your annual leave.

P. S. Always Remember to Share What You Know.

Recommended Articles

How to Choose a Financial Professional to Handle Your Affairs

Unused Sick Leave, What You Need to Know

Understanding the Thrift Savings Plan

Weekly Newsletter- KEEPERS OF THE FIRE

Weekly Newsletter

weekly newsletterWeekly Newsletter: Who will keep the fires burning as current federal and postal employees look towards retirement?  It is estimated that more than half of the federal and postal workforce will be eligible for retirement in the next 10 years or before.  This estimate represents a huge drain of institutional knowledge on the largest workforce in the world.  It not only represents a huge drain, but threatens the continuity of expansive services these workers bring to the world.

Whose job is it to fill the potential gap in service delivery or is it necessary to fill the gap?  The question could be answered in a number of ways.  Most apparent would be that the leadership of the Office of Personnel Management (OPM) would be first on the firing line to ensure services and personnel qualified to render those services are in the pipeline of next generation federal and postal employees.  Not so obvious would be the workers themselves, who would become a part of the continuity of services by participating in and championing the need for succession planning in-action; part of an ongoing day-to-day strategy to pass on critical information to employees holding positions subordinate to their own.

Great ideas come from collaboration inclusive of all levels of an organization.  Imagine the feedback if OPM would send out a survey asking each employee to give at least 3 things that could be done currently to ensure continued service delivery after an individual retires.  We receive not because we ask not.  Federal and postal employees are imbued with information, knowledge and know-how that is absolutely remarkable.  Allowing such massive and critical data to leave when these valued workers exit the workforce would be the greatest breach of data harnessing imaginable.

Now let’s address the other part of the question – the necessity to fill the gap.  There are a number of individuals who think the government is too big, that there are too many employees.  In order to make that assertion with validity an exhaustive study would have to be initiated to determine the number and kinds of positions that would be needed to carry out the mission, goals and objectives of the federal and postal service going forward.  Until that is done, the notion remains merely an assertion.  It is however, good planning to determine the future needs of an organization as the world evolves and via technology becomes smaller and more integrated.

I am not endorsing any particular strategy in our weekly newsletter because I don’t have enough information to make an informed situation.  I am qualified to say that proactive Succession Planning is a key strategy that should be prioritized across government and industry. Whatever the course taken, it is the responsibility and the charge of federal leadership guided by the Office of Personnel Management (OPM) to ensure that all  services within federal parameters are properly executed under the umbrella of the United States’ overarching goals.

The next generation of leaders in the federal and postal service stand waiting to keep the fires of our government burning.  Their success depends on the passing of the torch from the dedicated men and women who have served so gallantly before them. This concludes our weekly newsletter.

P. S.  Always Remember to Share What You Know.

Dianna Tafazoli

Weekly Newsletter-LEOs

Weekly Newsletter: PAYING HOMAGE TO LAW ENFORCEMENT

weekly newsletterWeekly Newsletter: Law Enforcement Officers, whether they are local police officers or members of the elite Secret Service assigned to protect Presidents and their families, all make significant contributions toward ensuring the safety and protection of all citizens. Law Enforcement Officers often do not get the kind of applause they should, and perhaps some of the owness, rests with them.  But in large part the nation owes a debt of gratitude to these men and women who put their lives at risk to keep our streets and borders safe.

Americans have the good fortune of getting up everyday going about their affairs almost in an oblivious manner.  We don’t consciously in most of our towns, cities or states think about whether it is safe to leave our homes.  We are used to living with the ease to go and come as we please without constant  fear or danger.  We enjoy those feelings because we are conditioned to feel safe as a result of the organized presence of law enforcement.

This is certainly not to deny that we live in a time where violence and killing have become more than mere aberrations; but yet we still embrace an overall sense of safety and well-being.  Tragic incidents like 9-11, Columbine, New town, Boston and many others not rising to the level of front-page newsworthy silence us for a moment, but we rise as a nation and begin again.  We live in a nation where order is a high priority.  We live in a nation where a 3 digit number can be dialed and someone will respond to your emergency.  All human-engaged systems have glitches,  ours is no exception.  But we keep using our failures and short-comings to try to make good systems excellent systems.

To Law Enforcement Officers, we applaud you from the White House to the  hallways of our nation’s schools.  We applaud you from the local jails to Federal prison systems, our museums and airports, vigilance on land, sea and in our expansive skies.  We also honor and applaud LiteBlue, the postal police and inspectors who work hard to ensure packages delivered to our homes and workplaces are safe.

To the men and women in law enforcement uniforms, we are safer because of you. This concludes our weekly newsletter.

P.S.  Always Remember to Share What You Know.

Dianna Tafazoli

Law Enforcement Officers (LEO) – Who Qualifies May Surprise You

 LEO Qualifiers

leoIn our posts highlighting Law Enforcement, we have talked a lot about QUALIFIED Law Enforcement Officers (LEO).  What does that mean?  Individuals are deemed qualified law enforcement officers (LEOs) as a result of, but not limited to, their government employment status and are authorized to engage in direct crime prevention, conduct investigations, detect illegal activity, prosecute or confine individuals violating the law.

Law Enforcement Officers are in most cases authorized by their agencies to carry a firearm and must also carry on their person photo identification issued by the employing government agency.  But what happens to the privilege and responsibility of carrying a firearm once the LEO retires?

President Obama signed into law October, 2010, the-Law Enforcement Officers Safety Improvement Act amending the National Concealed Carry Law.  The provisions under both Safety Improvement Act and the Concealed Carry Law identify two classes of individuals: qualified law enforcement officers and qualified retired law enforcement officers.

The Act allows these qualified individuals to carry concealed weapons while off duty in any jurisdiction in the United States, including across states lines irrespective of state and local laws that make differ from the Act.  The exception to this broad provision is that private citizens have the right to forbid concealed weapons on their property.  States also have the right to forbid concealed weapons on its property.

To meet the standard for a qualified retired law enforcement officer, individuals must have separated from their employing agency in good standing whose duties and responsibilities were clearly outlined and encompassed the full range of duties as defined by what constitutes a law enforcement officer.  The individuals must have met within the most recent 12-month period firearm certification requirements from their employing agency and have also met the standards set by the State in which he/she resides. The individuals must also carry photo identification issued from the separating issue of which they were employed attesting to their status as a law enforcement officer (retired) with authorization to possess and carry a concealed firearm.  Fitness analysis of LEOs must not indicate any mental or emotional impairment.

Retirement planning is a signifcant item on the -To-Do-List.  Understanding the parameters in which LEOs can operate once in retirement is a very important aspect of the law to understand.  The Act is detailed, many of the amendments may require some extra review and evaluation.  There will also be many questions left in the minds of LEOs facing retirement and those already in retirement.  I am a strong advocate of educating and sharing information with as many people as I can.  My mantra has always been – Knowledge unshared is knowledge lost.

Utilize your human resources office often during your tenure as a federal employee, engage with LEO organizations, individuals and colleagues to discuss and share information and concerns.  If you are pondering as to how you are going to fill your time schedule when you retire, think about how much knowledge you have as a Law Enforcement Officer. You are a valued member of our nation. You might want to attach teacher, instructor, professor or consultant to your profile.

P. S.  Always Remember to Share What You Know.

Related LEO Articles

What Is LEO Retirement

LEO Mandatory Retirement Age

Explanation of FERS Component for LEOs

LEO (Law Enforcement Officer) FERS Supplement

LEO Annuity Component Computations

Federal Law Enforcement (LEO) – Cost of Living Adjustments

Million Dollar LEO Question

Weekly Newsletter-SHELTER-IN-PLACE

Weekly Newsletter: Shelter in Place

weekly newsletterWeekly Newsletter: The tornado season is upon us.  The past week rounding out the month of April brought much devastation to families caught in the path of tornadoes.  Heavy rains caused roads to give way creating huge sink holes. Flooding was up and down the East coast.  What does bad weather have to do with Federal and Postal employees.  The answer is EVERYTHING.  These workers make up the largest workforce in the world making it highly conceivable that the workers and their families or someone they know will be impacted by disaster whether an act of nature or man-made.

Because the Federal Government takes the possibility of such occurrences very seriously a program called PREPARE-ATHON shelter-in-place is a part of the government’s emergency preparedness efforts.  The workforce actually has practice drills to understand what to do in case of such an emergency.  When something unforeseen happens, the first instinct of the average individual is to leave the facility where they are and rush out to gather children and other loved ones.

Although it is a natural instinct, it might not always be the safest step to take.  Shelter-in-place programs are becoming more and more wide-spread because if workers can best be protected where they are and children can best be protected where they are, perhaps not the ideal situation for parents, then it might be the best and safest course to stay where you are.  That is easier said than done, especially for parents of children of any age.

We are reminded of the terrible winter storm in Atlanta where children were not able to leave their schools for safety reasons and parents could not get to them.  When parents did try to reach their children, the massive pile up on the roads and expressways of Georgia were like a back-up we had never witnessed.  Cars had to be abandoned and children had to sleep in schools for more than one night.

There are many disasters that happen thus the reason for emergency preparedness plans that the workforce is thoroughly familiar with.  The largest workforce in the world must be prepared to respond to such emergencies.  In addition to the Prepare-A-Thon program, the Federal Government has a Dismissal and Closure Guide that outlines everything employees need to know.  There is also an Occupant Emergency Plan.  None of these programs are effective if the largest workforce in the world is not thoroughly familiar with them.  If your agency is offering the Prepare-A-Thon program individually or in tandem with other agencies, participate so that you will be prepared and you will also be prepared to help someone else.

Employees can take initiatives on their own by designating individuals in their agencies to be Emergency Preparedness Captains of Information.  This only means that the Captains of Information are charged with staying abreast of safety and emergency offerings of their employer – the Federal Government and passing that information down to their colleagues.  Email news alerts are great, but brown-bag lunch gatherings give workers to collaborate and discuss what they think they would do in case of an emergency.

Based on the information discussed, Captains of Information could determine if OPM needs to add additional information to their emergency plans or if they have answered the call as is.  Helping to get prepared is a burden we should all want to share.  There is safety in numbers.  For more information go to READY.GOV. This concludes our weekly newsletter.

p.s. Always Remember to Share What You Know

Federal Employee Viewpoint Survey

Federal Employee Viewpoint Survey: What You Think Matters

federal employeeArriving in the mailboxes of Federal Employees will soon be the 2014 Employee Viewpoint Survey.  Employees have until early June to complete the survey.  Every federal employee should actively participate in the survey because what you say matters.  Employees know and understand what is happening in their agencies better than any other single source.

Participating in the Federal Employee Viewpoint Survey allows leaders in the Federal Government the opportunity to really see how they are doing.  It determines what strategies need to be employed in order to make government agencies more efficient and customer-centered.

The Employee Viewpoint Survey gives employees an open opportunity to say what they feel, offer suggestions and ideas as to how to make government better.  The Viewpoint Survey not only asks questions, but allows participants to comment.  Even if you will be retiring soon, don’t fail to participate in the Survey.  You have perhaps witnessed some things others may not have had the opportunity to see and the Federal Viewpoint Survey helps you share you knowledge.

When the Federal Viewpoint Survey arrives, don’t leave it on the table or forget about it in your briefcase, do yourself a favor and respond because what you say as a Federal Employee matters.  What you say drives the forward movement of agencies throughout the federal workforce.

P. S.  Always Remember to Share What You Know.

Federal Retirement and Your Social Planning Calendar

We have talked about planning with a particular emphasis on federal retirement financial planning.  There is another aspect of planning that is very important in keeping the engines running and making sure all the pistons are firing properly.  It is called Social Planning.  Many retirees see their jobs as part of their socialization calendar.  They are familiar with their coworkers, they see them everyday and they eat lunch and breakfast and visit the snack bar together.  That is part of building a good and cohesive team.  That is also a part of the work life.

Let’s think about how to parlay those job-related social skills into building a social calendar for retirement.  It is time to meet new friends and build new relationships.  It is a time to try new things as your federal retirement represents the freedom phase of our lives.  It represents a time where what we do and how we do it is more in our court than anybody else’s.

When we are children we need our parents’ permission to do many of the things that guide our lives.  When we become parents we are often limited by the schedule of our children and a growing family.  When we retire, parental permission has long been a thing of the past and the children’s lives are theirs to settle their own schedules.  It feels like freedom to me.  Freedom to go and come as you please.  Freedom to explore the world via traveling or the safety of your local library.

Stay on top of your health so no grass will grow under your feet.  Check out a dance studio and learn a new dance you previously thought was a challenge.  Join a book club or start a book club to keep your brain sharp.  To cast away the lonely blues, join a reliable travel group to have some safe fun.

There is a lot of great activities that are cost-sensitive to put on your calendar of social events.  Enjoy the freedom with your federal retirement that you’ve worked so hard to earn.  It’s your ticket to RETIRE WELL.

P. S.  Always Remember to Share What You Know.

How does your TSP contribute to your ability to enjoy your social planning?

What is the best way to withdrawal money from your TSP?

New Postal Retirement and Federal Retirement

The New Federal and Postal Retirement

Federal and Postal Retirees today face a new and fascinating world, one many prior retirees never had the opportunity to experience.  Federal and postal employees are a highly experiences group of workers with untold contributions to make to the society. The opportunity for these workers to continue being a benefit to society is enormous.  Many of these retirees will reenter the workforce either part-time, full-time or as contractors. Federal and Postal Retirement are not the same as they once were.

There so many challenges and opportunities awaiting the next generation of retirees.  There are of course the opportunity to travel without time constraints and the worry of being a part of the leave schedule calendar.  Others will return to school and pursue academic paths they never had the opportunity and time to complete.  Because of the wealth of information that has been acquired through years of federal and postal service, many will be the teachers and lecturers in our colleges, universities and our elementary and high schools.

 

Federal Retirement Changes

It is not the retirement that your mothers, fathers and grandparents knew.  They left the workforce and drifted into retirement not envisioing the many options retirees have today.  Retirees are living, often times, (30) years after they leave the workforce.  They have a lot of living left to do and a lot of important skills and knowledge to share with the world.

Federal and Postal employees represent the largest workforce in the world and the skills they possess range from A to Z.  Any classification of employment you can think of they have it.  They have the best of both worlds when it comes to education – they know it and they have done it.  They are not only the house, but the brick and mortar that built the house.

When we say see you later to the next generation of federal and postal retirement seekers that is exactly what we mean.  We will see you later in another endeavor still leading the way to the greatness of our nation only this time it will be on your own terms.

P. S. Always Remember to Share What You Know.

 

 

Related Articles

Phased Retirement’s Debut

The Military Wants To Buy You Out

The Aging Federal Workforce

Federal Employee – Do You Really Want to Retire?

Federal Retirement – Additional Questions You Need To Ask

Federal Retirement: Addition Information

federal retirementAs a federal employee, In addition to carefully evaluating some of PSRetirement.com’s check lists of things to do as you get closer to federal retirement, here are some additional questions to ponder that may help you get ready to RETIRE WELL.

1. Are there other records I should check?

2. What records are needed for my health benefits?

3. What can I do if I am eligible to continue my FEHB coverage but my retirement payment will not cover the cost of my premium?

4. How do I make a payment to receive federal retirement credit for my military service after 1956?

5. Will I still get federal retirement credit if I worked for a time when retirement deductions were not withheld from my pay?

6. Will I still get federal retirement credit if I received a refund of the retirement deduction that were withheld from my pay?

7. How do I make a payment to get credit for service?

8. How do I know if I can retire on the date I choose?

9. How do I plan to provide benefits to my survivors after my death – will my FEGLI benefits be enough?

10. What is the Minimum Retirement Age (MRA) plus 10, annuity under the Federal Employees Retirement System (FERS)?

11. What happens if I postpone the Minimum Retirement Age (MRA) plus 10, annuity?

12. What are voluntary contributions?

13. How will I receive credit for my voluntary contributions?

14. What annuity estimates do I need?

15. Will I receive a cost-of-living adjustment (COLA)?

16. Will I get paid for my unused annual leave?

17. How will workers compensation affect my civil service annuity?

 

P. S.  Always Remember to Share What You Know.

Budget Checkup for the Federal Employee

Retirement Budget Checkup

budgetWe hope that our budgets will always show that our expenses are subordinate to our income.  Make sure that your budget includes paying yourself first (PYF), such as maximizing our TSP contributions or at least taking full advantage of your employers matching contribution. After we have taken care of all of our expenses, we may not always have monies left over.  Unanticipated expenses can present themselves at any time and they will and most financial professionals recommend having at least the equivalent of 3-6 months of income as savings for just this type of event.  It is critical that you pay yourself first, otherwise you distribute money everywhere else and neglect to protect your future security by including SAVINGS as a fixed expense.

There are some things we may overlook when doing a check-up to keep our finances on track.  Always remember to do the following as you map out your vision to Retire Well:

—————————————-

Carefully check your bank accounts and bank statements ensuring the bank’s balance is aligned with what your records show.  It is amazing how much money consumers lose each year due to banking errors and other inconsistencies.  Banks do not always catch their errors.  You must be your own chief executive when it comes to safeguarding your money.

When you receive statements from your savings and investments, read them over carefully and check for error and omissions.

Employers are generally accurate with paystub information, but errors do happen.  Additionally, because the paystubs of federal and postal employees are so complex, even if your paystub is correct you may be spending THOUSANDS of dollars each year that you don’t have to in the form of overpriced FEGLI costs (search the internet for “FEGLI rate comparison” – you’d be surprised how much you can save).  Check your statements carefully each time you receive one.  Always keep the last statement of the year and compare it with your W-2.  If everything matches you can place it in a file to get ready to file your taxes. If there is a conflict, go to your Human Resources Office and ask for an amended and corrected W-2.

P.S.  Always Remember to Share What You Know.

Budgets Change Because Your Finances Change

Budgets and Changing Finances

budgetsAre budgets forever?  Can the budget you prepared 2 years ago help you manage your money today?  The answer is NO.  Budgets are not forever and what was true two years ago is not true today not where your budget is concerned.

Even if your income has not changed, expenses have gone up and perhaps some have decreased or even been eliminated.  Your TSP balance has certainly changed and possibly the amount of FEGLI that you should own.  Budgets are not static, but must change as circumstances in your life change.

Why do we need a budget?  We need a budget to stay on track and monitor our expenses against our income.  You may choose to keep your budget in an automated progam such as a spreadsheet like Excel or some other financial software program that you find suitable.  You can also rely upon your bank / credit union or financial advisor to help you put together a realistic goal for both savings and expenses.

Keeping your records organized and in separate files will make getting ready to file your annual taxes a cinch.  You will not have to run around collecting and sorting mountains of receipts kept in shoe boxes.  I am not saying you shouldn’t use the shoe box method of filing.  If you do, your file boxes should act as individual folders all containing unique information.  You don’t have to take all the shoe boxes to your accountant, rather you can separate the materials out into individually marked envelopes for easy assessment.

Although, we live in an increasingly automated society many individuals are more comfortable doing things manually.  The entire planning process and getting prepared for retirement is individual.  The concentration and focus is more about you reaching your goals than on how you do it.  We want to reach the finish line with our bags filled with everything we need to retire well.

P. S.  Always Remember to Share What You Know.

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