OPM: Retirees’ Annuity Payments Are Safe in Shutdown
OPM said in a statement that checks and direct deposits for federal retirees will still be distributed as usual on the first business day of the month.
How did the TSP funds perform last month? See the latest returns at TSPDataCenter.com.
OPM said in a statement that checks and direct deposits for federal retirees will still be distributed as usual on the first business day of the month.
This memo was provided to FedSmith.com by a reader with the VHA. It says that the VHA has sufficient funds and will continue to operate and pay its employees normally in the event of a shutdown.
A change to the contribution to be made by federal employees to their defined benefit pension has been proposed in a new budget proposal unveiled this week. What would this change mean for most federal employees?
Rep Jim Moran (D-VA) has introduced legislation that would guarantee retroactive pay for federal employees who are furloughed in the event of a government shutdown.
The White House is now on the record as being in favor of reimbursing federal employees’ pay in the event of a shutdown.
Deputy Secretary of Defense William J. Lynn III has issued a statement to DoD personnel on procedures for a potential government shutdown. The memo also addresses military, civilian, and retiree pay.
Senator Joe Manchin (D-WV) has pledged to forego his salary if a shutdown occurs and is urging his colleagues to do the same.
The threat of a shutdown is looming as many readers know. According to Jim Moran (D-VA), federal employees are unlikely to get paid after the shutdown is over.
Here is a real story about someone who had enough money to retire but got caught up in chasing rates of return and had to return to work. Before you allocate your TSP, make sure you stay focused on your goals — not just chasing the highest rates of return.
The House Budget Committee has released its proposed budget for FY 2012. Among other cuts to government, the proposed budget suggests a pay freeze for federal employees and an increase in the amount they have to pay for their pension benefits.