Why Are the 2008 Salary Adjustments So Unfair?
FedSmith recently posted the 2008 pay rates. Here is more information on the 2008 locality pay areas.
Month: October 2007
3% or 3.5% in 2008? Check Out the Actual Dollars and Cents in Your Locality
Will federal employees get a raise of 3% or 3.5% in 2008 (or some other figure)? No one knows but one of these two is likely. Here is how to quickly calculate what the raise will mean to the actual dollars in your paycheck for next year.
2.3 Percent for Most Federal Retirees For 2008
Federal retirees receive a cost of living allowance each year or a COLA. Federal employees still working for Uncle Sam get a raise. The difference may not sound significant but federal employees will probably get a bigger increase in their checks next year than federal retirees. Here are the retiree figures for 2008.
TSP Participants Learning, Changing During Period of Market Volatility
TSP participants are learning and changing their investing habits. In part, that may be because of market volatility and, in part, because the lifecycle fund option has been successful for many TSP participants.
An Unpleasant Option Isn’t the Same as Being Fired
A trainee with the Social Security Administration had a permanent job lined up after she graduated from college. When she did not graduate on time, the permanent job went up in smoke. She resigned and then appealed contending the agency coerced her resignation.
How Was I To Know They Fired Me the First Time?
A former federal employee who was fired by the Air Force and went through an appeal with the MSPB applied for a job with the IRS and started work there. OPM discovered his removal and told the IRS to remove him. The errant former fed contended he did not realize he had been fired from the Air Force job.
Why Did You Do That?
Readers often ask why the FedSmith site does (or does not) publish some news items, reader comments or why we filter some terms from the daily newsletter. Here is an explanation.
The Government Pension Offset
The Government Pension Offset (GPO) and the Windfall Elimination Provision can impact your retirement income. This article briefly explains how the GPO may impact a federal retiree.
Lessons for TSP Investors from a Volatile Market
The stock market has been volatile in 2007. Billions of dollars have been traded in the TSP during the year as some investors have decided to buy and sell different funds as the market ebbed and flowed. What lessons can this volatile market provide for investors?
NLRB Union Continues Picketing As Labor Relations Agencies Continue Their Battle
The Federal Labor Relations Authority has previously found that allowing professional employees in one unit to represent employees in another bargaining unit violates federal law. That decision may be relevant in an ongoing battle between the FLRA and the National Labor Relations Board (NLRB).
