The TSP is an efficient accumulation vehicle. Between it being payroll deducted, offering a match up to 5% and having low fees the TSP can be a great investment vehicle to save for retirement. What options do you have for taking money out in retirement? The author provides a basic overview of the withdrawal options.
A proposal has been made to raise the salary of the executive director of the TSP to 120% of the salary for the VP of the United States. Are you in favor of this proposal? Take the survey at the end of the article.
Since the air traffic controller’s strike of 1981, the public has not heard much about labor relations at the FAA. A new internal report indicates the labor relations system at the agency lacks internal controls, has significantly increased agency costs and that there is no effective system for tracking or anticipating new costs.
The House passed the Financial Services and General Government Appropriations Act of 2015 which defers the decision on a figure for a pay raise for the federal workforce to President Obama. What does this mean for your chances of a pay raise in 2015?
In a case involving computer security at Immigration and Customs Enforcement (ICE), FLRA finds that the Agency’s duty to bargain over curtailing employee access to private email accounts on their work computers trumps the Agency’s statutory obligation to protect the security of information under its control. The Minority Member, in his dissent, said that unlike the majority members, he could not interpret the federal labor statute to, in essence, require an Agency to compromise its computer security to bargain over a minor working condition issue.
The author says that there are many perks that come with being a federal employee, including the almost guaranteed yearly grade and step increases for many employees.. He offers a detailed analysis of the positive impact the federal salary system can have on a federal worker’s pay over the course of a career.