The OPM Office of the Inspector General has issued a report showing that payments from the federal government’s Civil Service Retirement and Disability Fund to deceased annuitants has averaged $120 million over the last five years.
Performance appraisal season is approaching for federal employees. The author says that past performance ratings do not reliably predict positive changes for the future and offers some supporting evidence as to why.
The author says that real and perceived threats to the benefits of federal employees are popping up more frequently. His advice to federal employees: don’t panic.
Reps. Elijah E. Cummings and Stephen Lynch have introduced legislation to address the Postal Service’s dismal financial situation by making numerous changes in an attempt to restore it to financial solvency. One of the provisions of the bill would be to refund the excess money the Postal Service has paid into the Federal Employee Retirement System.
Legislation has been introduced that claims it would reduce the deficit by billions by phasing out the $1 bill.
The author walks the reader through some examples to illustrate that the CSRS retirement system may not be better than the FERS retirement system, despite popular belief to the contrary.
The minority staff of the Subcommittee on Oversight of Government Management, the Federal Workforce, and the District of Columbia recently released a report detailing more than $1.4 trillion in savings over 10 years in areas under its jurisdiction. While many of the proposed cuts are not new, some of them would significantly impact federal employees if they were to be enacted.
The author says that there is nothing wrong with Social Security per se, but the money in the trust fund has been spent by politicians on both sides, rendering the program insolvent.
The President has released a proposal outlining his ideas for ways to cut the growing federal deficit. The plan aims to make as much as $3 trillion in cuts, some of which would directly affect federal employees if they were to be enacted.
A group of labor, management and union groups sent a letter to President Obama on Friday urging him not to target federal employees’ salaries or benefits in the deficit cutting proposal that he is scheduled to unveil on Monday.
