TSP participants will have more room to save for retirement with the annual contribution limits for the TSP increasing to $17,000 per year in 2012.
The COLA percentage amount for both FERS and CSRS was announced on October 19. OPM has issued official guidelines on how to calculate your COLA increase.
Senator Patty Murray (D-WA) has put forth legislation that passed the Senate that would give veterans a 3.6% COLA to match that of Social Security recipients.
Presidential Candidate Ron Paul recently released his “Plan to Restore America” as part of his campaign. It contains a myriad of spending cuts, some of which are directly related to federal employees.
At the end of last week, House Oversight Committee Chairman Darrell Issa (R-CA) sent a letter to the Joint Select Committee on Deficit Reduction (the “super committee”) recommending that it adopt some specific cuts to the federal workforce.
Senator John Thune (R-SD) has introduced legislation that would create an option for individuals who believe they are under-taxed to voluntarily send extra money to the U.S. Treasury.
Another pay freeze for federal employees has been recommended as a way to cut costs.
The total number of federal employees has increased in the last 30 years. But has the federal workforce actually “expanded?”
Senator Mike Crapo (R-ID) and Representative Peter Roskam (R-IL) have proposed legislation to permanently cap the dividends and capital gains tax rate at the current 15% level.
The Office of the Director of National Intelligence recently reported a 5 percent decline in the number of federal employees who held top secret clearance in the 2010 fiscal year as compared to the previous fiscal year.