News

Market Sinks on July 31: All TSP Stock Funds Down in July

Filed in Headlines, News by on August 1, 2014

The stock market dropped in July ending a five month winning streak for the TSP C fund. For the year-to-date and the past twelve months, all of the TSP funds are showing a positive return.

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Legislation Introduced to Repeal Increases in Federal Employee Pension Contributions

Filed in Headlines, News by on July 31, 2014

Two Congressmen have introduced legislation that would repeal the recent increases in federal workers’ pension contributions.

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The Third Rail is Running Out of Track

Filed in Headlines, News by on July 30, 2014

The finances of Social Security are such that most Americans now expect to see benefits cut in their lifetime. Separately, there are few options which insulate voters from the impact of the changes necessary to preserve the system. The author says that the day of reckoning is fast approaching for Social Security.

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Moving Toward a 1% Pay Raise in 2015

Filed in Headlines, News by on July 30, 2014

The 2015 across-the-board federal pay raise, if any, is moving along its usual slow path.

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Expanding FEHB Coverage: What Will it Cost Agencies and Is it Legal?

Filed in Headlines, News by on July 29, 2014

OPM has issued a proposed rule to expand coverage of the FEHB to temporary and seasonal employees employed an average of at least 30 hours a week over a twelve-month period. The proposal appears to be in conflict with legislation on the same topic.

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These Highly Paid Federal Employees Reportedly Unhappy and Seeking Union Representation

Filed in News by on July 28, 2014

A union has filed a petition to represent employees at the Commodity Futures Trading Commission. Average salary at the agency is $145,610 but employees are reportedly unhappy in the belief that their salaries have been lagging behind other agencies such as the FDIC and the SEC. How do their salaries compare to these two agencies and to federal employees in other agencies?

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Breaking the Impasse on Federal Pay

Filed in News by on July 27, 2014

Virtually all stakeholders agree that the General Schedule system needs overhauling, but each needs to see something different to move forward. The author says that problems with the GS system could lead to a deteriorating work environment.

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Dog Bites Mail Carrier and Supervisor is Removed

Filed in News by on July 24, 2014

A supervisor with 44 years of service who failed to follow agency policy when a mail carrier was bitten while on duty ends up losing her job based on this and several other misjudgments in carrying out her supervisory responsibilities.

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