Those who work for the federal government don’t think much of the process of hiring new employees. While Uncle Sam may be in the process of hiring hundreds of thousands of new federal employees, those currently working in federal agencies don’t hold out much hope for attracting, hiring and retaining good employees.
The C fund has now had six straight months of gains in the federal Thrift Savings Plan. No doubt, TSP investors are cheering the 2009 results so far but there is still plenty of reason to be cautious in investing your retirement funds.
President Obama has quietly sent out a letter to the House and Senate noting that for the federal workforce “an across-the board increase of 2.0 percent shall go into effect on the first day of the first applicable pay period beginning on or after January 1, 2010.”
Here is the text of a letter from President Obama to the Speaker of the House and the President of the Senate transmitting an alternative plan for pay increases for civilian Federal employees covered by the General Schedule (GS) and certain other pay systems in January 2010.
An agency can find itself in the middle of a political and media firestorm quickly and unexpectedly. The Dept. of Veterans Affairs has found itself in the middle of another controversy it doesn’t want. The relatively new political appointee caught in the middle is undergoing a trial by fire.
There is a real possibility that the contribution limits to your Thrift Savings Plan could go down for 2010. Here is why this is the case.
For the first time since the current system was put into place in 1975, the annual COLA adjustment is unlikely to appear in your paycheck next January. Here’s why.
A number of readers have asked: How many federal employees are there in various pay groupings? How many federal employees are there in each GS pay grade? Here is a brief description and a graphical depiction of the number of federal employees in the GS system from those making less than $20,000 per year to those making more than $180,000 per year.
In a decision designed to save hundreds of millions of dollars in labor-related costs, the Postal Service has negotiated an agreement with two unions to offer some Postal employees a financial incentive to retire or resign before the end of the fiscal year.
According to the Bureau of Economic Analysis (an organization within the Department of Commerce), the average federal employee now makes $79,197, not including benefits. And, when benefits are added in, the average federal employee compensation averaged $119,982 based on 2008 figures.
