The new retirement savings vehicle that President Obama proposed in his state of the union address would give all Americans access to an investment that mirrors the G Fund inside of the Thrift Savings Plan, something previously only available to federal employees.
A recent memo from OPM director Katherine Archuleta directs federal agencies to implement the 1% pay increase recently granted to wage grade employees under the spending bill passed recently in Congress.
A new report from the Government Accountability Office warns of a wave of new retirements, saying that as much as one third of federal employees will be able to eligible to retire by September 2017. The report also notes that federal spending on total government-wide compensation has increased 10% over 8 years.
When you leave federal service and have a Thrift Savings Plan account, should you withdraw your money or leave it in the TSP? Here are several considerations before you make this decision.
A Customs employee took his removal to arbitration and got it mitigated to a reprimand. The arbitrator refused, however, to grant attorney fees and the appeals court has now upheld that refusal.
Since the Federal Labor Relations Authority was inoperative for all but the last week or two of 2013, the most significant cases for practitioners were decided by the Merit Systems Protection Board and the Federal Courts.
Responses to a recent survey on FedSmith.com overwhelmingly indicate that readers believe that that the federal hiring process is ineffective.
FERS is a complex system and much depends on an individual’s status with the government when planning for what to expect upon retirement. The author offers a basic guide to help understand some of the key points of the FERS system.
Unions have a “duty of fair representation” to those who do not pay dues. The taxpayer should not foot the bill for union representation. Perhaps Congress should require federal employees who are part of the bargaining unit to pay union dues.
Wage grade federal employees will see a 1% pay increase with the spending bill now being signed into law.