Why Your Costs May Be Up But Your Retirement Income Goes Down
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.
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.
Why do so many agencies make upper management responsible for the contents and accuracy of letters of reprimand? the author says that this policy undermines a supervisors’ authority to lead.
The plain language of the proposed order requires Agencies to “allow employees and their union representatives pre-decisional involvement in all workplace matters”. This provision has some fairly staggering consequences if implemented. Pay very careful attention if you’re in operational management.
Lifecycle funds are growing in popularity for TSP investors. At the end of July, more than 606,000 TSP investors had money in an L fund. But investors are not putting all of their assets in one location. The number of participants with their entire TSP balance in one L fund is surprisingly small.
A draft of the proposed Executive Order on the administration’s vision of Federal labor relations has surfaced. There is a striking similarity to President Clinton’s E.O. 12871. There are also striking differences. The Author offers a side by side comparison and looks at how this new Order might play out.
There have been several Federal Register notices, proposed rule extensions, numerous comments from interested parties, and probably much wringing of hands within OPM on a proposal to eliminate time in grade restrictions. The final result: No changes.
The political debate in America on health care and the role of government in our economy is intensifying. What is your view? How has this issue been handled by the major parties and the White House?