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In response to the recent data breaches at the Office of Personnel Management that left the personal data of millions of current and former federal workers vulnerable, one lawmaker has introduced legislation which he says will combat future attacks. However, the bill does not provide a great deal of specifics on how this would be accomplished.
Legislation has been introduced in the House that would, among other things, allow the Postal Service to start shipping beer, wine, and liquor and also claims that it would modernize the agency to set it on a path to financial solvency.
In the Department of Veterans Affairs, the Secretary reportedly asked for a list of which managers and executives should be fired. This is a first event in the federal sector. The author raises questions about issues this creates for the agency.
Senators John McCain (R-AZ) and Mike Enzi (R-WY) have introduced legislation to phase out the $1 bill with a $1 coin.
The author demonstrates that the slight improvement in the insolvency date for Social Security’s combined trust fund is nothing more than a false positive.
The TSP is proposing substantial changes to withdrawal restrictions of your money. Here is a quick summary of these changes.
TSP account numbers are not shared with OPM. Therefore, according to the Federal Retirement Thrift Investment Board, TSP data were not impacted by the recent data breaches impacting federal employees.
Members of the House Oversight and Government Reform Committee sent a lengthy letter to President Obama today demanding that IRS commissioner John Koskinen be removed from his position.
The Federal Retirement Thrift Investment Board, the group that oversees the Thrift Savings Plan, has given the green light to begin the process of adding mutual funds as an investment option to the TSP.
I applied for a full TSP withdrawal after retiring, but the TSP said I couldn’t do it because I was still employed due to a coding error by my agency. The stock market went down and my TSP balance declined while the problem was being resolved, so who takes the loss in funds due to this personnel error?
