The Power of Silence
The author says that sometimes the best course of action in communicating is to say nothing.
How did the TSP funds perform last month? See the latest returns at TSPDataCenter.com.
The author says that sometimes the best course of action in communicating is to say nothing.
The Postal Service has ended the third quarter with a $2 billion loss compared to a net loss of $740 million for the same period last year.
The Office of Personnel Management announced the long awaited final regulations for the phased retirement program for federal employees late last week. As part of that announcement, OPM has also released a document with answers to some common questions employees are likely to have about this program.
After the long awaited news from yesterday in which OPM finally announced the regulations for phased retirement, the web has been abuzz with comments about the program. Opinions have been mixed so far, however.
OPM has issued rules on phased retirement—a new program that will allow federal employees to work part-time while also receiving a portion of their federal pension.
After more than a year, the Office of Personnel Management is finally issuing the final rules on the phased retirement program for federal employees.
The author says that federal employees who move to more expensive locality areas prior to retirement can actually boost their annuity after retirement. He explains how this works through the use of some hypothetical examples.
A recent memo from Office of Personnel Management director Katherine Archuleta said that unless President Obama acts before the end of August, federal workers can most likely expect a 1% pay raise in 2015.
The backlog of retirement claims at the Office of Personnel Management reversed course and actually grew in July over the previous month.
The author says that replacing the General Schedule pay system is inevitable and that it needs to be done. However, he says that the anxiety and distrust that would come from federal employees upon moving to a new system must be overcome as part of the process and offers some ideas as to how to best manage the transition.