Where is the best state for a federal retiree to live? It’s a complex question with many considerations (such as family and friends) based solely on personal preferences. Some states will give you a tax break to encourage you to move there; others will get as much from your pocket as possible. Here is a list of some of the best (and worst) states for living after retirement.
Pay for performance has been a controversial subject on which millions of dollars has been spent by lawyers, managers, HR specialists and unions. Here’s a new twist to the idea: Eliminating the time requirement for competitive promotions and leaving the agency with discretion as to how soon to push an employee through the system.
Your TSP stock funds have dropped dramatically in the past several months. Here are several points to keep in mind as you watch your retirement fund shrink.
The yearly process of determining the annual federal pay raise has begun. Here are our predictions on the outcome of the process for the 2009 federal pay raise.
TSP returns for the month of January reflected the faltering stock market as all of the TSP stock funds showed negative returns for the month of January. Here is a summation of what happened in significant market moves from 1929 – 2001 to help you put the current market turmoil into perspective.
Is government ethics an oxymoron? With an entire agency and numerous ethics advisers spread throughout federal agencies, one would hope that level of misconduct in federal agencies would be minimal. It isn’t minimal but a new report shows that the federal government is at least ahead of state and local governments in the ethics arena.
Most American companies have some type of pay for performance system. But pay for performance is unique in the federal government and has generated heated debate and intense opposition. With the average employee under the new system getting a raise that is twice as large as the rest of the federal workforce, it may not seem as threatening.
Some readers are checking their TSP portfolio balance and they get upset. That is understandable as all of us prefer to see our investments go up. Before taking immediate action, take a deep breath and see how your investments have done over the past several years.
Panic selling of stocks has gripped overseas markets. The TSP stock funds may take a big dip as the American stock markets open after the long weekend. Can your TSP stock funds fall further than they already have? Here is an historical point of reference.
Readers have been asking questions about the 2008 pay raise. Most of the questions boil down to “Why didn’t I get the 3.5% I am supposed to get in my check this year?” or “How come people in DC are getting more than I am getting when they already make more money?”
