Politics, Federal Employee Unions, and Money
President Biden is taking credit for expanding federal employee unions and membership.
Ralph R. Smith
Government Stimulus, Inflation, Failing Banks, and the Annual COLA
In the midst of financial turmoil, the February inflation rate has been released. Inflation is still a problem but the impact of the turmoil remains to be seen.
Waiting for Resolution of TSP Website Problems? GAO Issues Interim Statement
In August 2022, GAO accepted a request to investigate TSP website problems. An interim GAO statement cites problems and an estimated date for a final report.
ESG Funds, Politics, and Investing TSP’s $759 Billion in Assets
An ESG bill introduced by a California Congressman would place the TSP (and its $760 billion of assets) in a political controversy on investing in ESG funds.
Federal Pay Increases by Race: White Employees Lowest and Shrinking Percentage of Federal Workforce
An analysis of recent data suggests the Biden administration’s focus on racial equity may be working to reduce federal pay raises for White employees.
TSP Performance Disappoints in February: Year-to-Date Returns Still Positive
TSP performance is down in February 2023 but still up for the year-to-date. One TSP management advisor sees a “growth recession” ahead.
TSP Website: Status on Improving Performance and Investor Satisfaction
Readers have reported unhappy experiences with the new TSP website. Here is a summary of improvements that are on-going and planned for the near future.
Bill Would Reinstate Federal Employees Who Were Fired or Resigned Due to Vaccine Mandate
A new bill would provide compensation or possible reinstatement for federal employees who resigned or were fired after refusing the COVID vaccine mandate.
How 2023 COLA Payments Work
Was the 2023 COLA applied to your annuity less than you expected? Here is how the COLA system works and variations that may impact federal retirees.
2023 Inflation: Still High, But Going Down— 2024 COLA Will Not Match 2023
The 2023 inflation rate will impact next year’s COLA and TSP balances. Here is the latest information on 2023 inflation and the 2024 COLA.
