2010 was a bumpy ride for investors in the Thrift Savings Plan (TSP). The gains for the year were solid but most of the advances occurred during the last half of the year–rewarding those investors who had the fortitude to withstand the ups and downs along the way.
The overtime and associated costs paid by multiple Federal agencies in arbitration decisions or in settlements reached by the parties on Fair Labor Standards Act cases is staggering. In the second of these articles, the author provides an analysis from a Dept. of Housing and Urban Development (HUD) case and why agencies are losing these cases.
The Author discusses the Federal pay freeze statute, the Obama Executive Order and implementing memo as well as OPM’s guidance. He asks whether the apparent exclusion from a pay freeze for those who are going to bargain pay is intentional or otherwise. Nowhere in the law is there a limit or in any of the paper, instructions to Agency management to hold the pay line with the unions. Read it for yourself and decide whether the President’s union friends got a pass.
