USPS Losses in Real Time
Just how bad are the Postal Service’s losses? According to a real-time loss counter on Senator Tom Carper’s (D-DE) Web site, they are mounting by the thousands every second and amount to $25 million per day.
Ian Smith
Legislation Aims to Help Feds Save More for Retirement
Senator Daniel Akaka (D-HI) has introduced legislation that would encourage federal workers to save at least five percent of their pay in the Thrift Savings Plan.
House Approves Increase in Pension Contributions
The House voted Thursday to pass the Sequester Replacement Reconciliation Act by a vote of 218-199. The legislation is one that would require additional contributions from federal workers towards their retirement plans.
Sequester Prevention Legislation Targets Pensions
The House Budget Committee has approved a measure that would increase pension contribution amounts for federal employees.
TSP Releases 2011 Participant Survey Results
The TSP recently released the results of its participant survey conducted in October of 2011.
Romney: Federal Pay ‘Unfair’
In a speech in Manchester, NH this week, GOP presidential candidate Mitt Romney said that it is fundamentally unfair that federal employees enjoy better pay and benefits than the workers they serve in the private sector.
Feds Would Pay 5% More for Retirement Benefits
The House Oversight and Government Reform Committee on Thursday advanced legislation that would require federal employees to have to pay 5 percent more of their salaries towards their retirement benefits beginning in 2013 and phased in over five years.
Bringing Travel Budgets ‘Back to Reality’
Congressman Dennis Ross (R-FL) has introduced legislation in response to the GSA conference spending scandal that aims to “bring federal travel budgets back to reality.”
Congressman Seeks to Cut Lawmakers’ Pay
Rep. Kevin Yoder (R-KS) has introduced legislation that would cut pay of members of Congress by five percent and also eliminate future cost of living adjustments.
President Signs Memorandum Addressing Violence in Federal Workplace
President Obama has issued a memorandum intended to prevent and combat violence in the federal workplace. It will require federal agencies to develop policies to address the effects of domestic violence and provide assistance to employees who are experiencing domestic violence.
