WH Budget Asks Federal Employees to Sacrifice
The budget unveiled Monday by President Obama proposes to increase the contribution federal employees make towards retirement by 1.2% over three years beginning in 2013.
How did the TSP funds perform last month? See the latest returns at TSPDataCenter.com.
The budget unveiled Monday by President Obama proposes to increase the contribution federal employees make towards retirement by 1.2% over three years beginning in 2013.
The TSP will begin offering a Roth option in during the second quarter (April – June) of this year. The author provides some considerations for investors when deciding whether or not to utilize this new option in their TSP accounts.
Citing a procedural error on the part of the Treasury Department, the D.C. Circuit Court denied the Agency appeal of FLRA’s new Abrogation Standard when it addresses Agency Head Review of agreements.
Congressman Reid Ribble (R-WI) has introduced a Constitutional Amendment that would limit the number of years a member of Congress can serve.
The House Oversight and Government Reform Committee has advanced Congressman Dennis Ross’ (R-FL) bill which would require federal employees and members of Congress to contribute more to their pensions.
A Bureau of Prisons correctional officer in Atlanta, fired for failing a random drug test, was unsuccessful in his defense that the Thanksgiving cookies were laced with marijuana without his knowledge.
OPM could alleviate a great deal of the suffering and complaints by paying a higher proportion of the agency estimate when a federal employee retires. The agency chooses not to do this, thus ensuring the complaints continue.
Rep. Martha Roby (R-AL) has introduced legislation that would prohibit step increases for federal employees through the end of 2012. Senator Jeff Sessions (R-AL) has introduced companion legislation in the Senate.
A housekeeping aid at a VA medical center was indefinitely suspended following his indictment on four counts, including possession with intent to distribute cocaine.
Not to be outdone by the House, a group of Senators has introduced legislation that would extend the pay freeze on federal employees. The bill would also cut the size of the federal workforce through attrition.