How could money be saved in the federal budget? One way is to compute federal retirement annuities based on the highest five years of service instead of the highest three years. Another savings would be eliminating retirement payments for federal workers who retire before 62.
The tobacco bill has been approved by Congress. The new legislation will make changes to the TSP but the final version does not include a change to allow credit for unused sick leave for FERS employees.
The Senate did not include proposed changes to the FERS sick leave program that would have given some people more money in retirement. How should this recent development impact your retirement plans?
The paid parental leave bill for federal employees has been approved by the House of Representatives. The bill would provide paid leave of up to four weeks after the birth or adoption of a child.
Setting up a program to ensure it is successful means paying attention to details. A program to encourage suggestions from federal employees on how to improve government got considerable publicity. The result: A big yawn from the federal workforce. Perhaps the program sponsors should have told the federal workforce where to send their ideas instead of just extolling the benefits of their new idea for creating a 21st century bureaucracy.
For the third month in a row, all of the funds in the federal Thrift Savings Plan provides positive returns for investors. In fact, the past three months have been the best for the C fund index since 1938. The best return in May: 13.41% for the I Fund.
A Senate bill would give federal retirees the ability to collect their annuity and also a federal salary if they return to work.
Memorial Day is a three-day holiday. Please take time to remember the reason for the holiday. Here is a real-life example of what this holiday means to families.
Did investors in the Thrift Savings Plan put more money into the TSP stock funds in anticipation of a turnaround or continue to pour money into the G fund?
A proposed change to eliminate time-in-grade restrictions for federal employee promotions has been delayed again. The delay may signal the end of this proposal designed to expand pay-for-performance into federal employee promotions rather than the strong bias toward seniority.
