Senate Passes Budget Bill
The Senate has passed the Ryan-Murray budget agreement. The House passed the bill earlier this week. Pension contributions would increase for new federal employees under the terms of the agreement.
The Senate has passed the Ryan-Murray budget agreement. The House passed the bill earlier this week. Pension contributions would increase for new federal employees under the terms of the agreement.
Despite problems with furloughs, a salary freeze and disparaging publicity about the federal government, some agencies came out with good ratings on job satisfaction from employees.
Will federal employees get an extra day off on Christmas Eve this year?
The long, strange road for a federal employee pay raise has gone through twists and turns but appears likely to be implemented in January, ending the pay freeze that has been in place since 2011.
The Thrift Savings Plan has provided favorable returns to stock fund investors over the past several years. One indicator is the increasing number of TSP investors with at least $1 million in their TSP accounts.
The Postal Service wants to put all retirees under Medicare in order to save billions of dollars. When this is considered by Congress, look out for a similar change proposed for the remainder of the federal workforce.
Pension contributions paid by federal civilian workers hired after January 1, 2014 would increase by 1.3% under the new budget agreement according to reports. It would also allow OPM to create a self-plus-one option in the federal employee health program.
Federal agencies in the Washington, DC, area are OPEN but under 2 hours DELAYED ARRIVAL.
A possible increase in federal employee retirement contributions has become a major sticking point in budget negotiations.
Thrift Savings Plan investors have enjoyed excellent returns so far in 2013. The C fund is now up 29.17% for the year and the S fund is up 34.40%. The G fund is up 1.69%.