The stock market has been falling fast and TSP return rates are falling along with the market. And, this will surprise some current and future federal retirees, the current COLA adjustment for next January also dropped in the past month. Here is a quick summary of your TSP returns and the 2009 COLA adjustment.
Where will you choose to live after retirement and why will you live there? Perhaps you would like to relive some of your college experiences. Here are a few considerations and suggestions.
Is a four day/10 hour a day workweek a good idea for the federal workforce? Congressman Steny Hoyer raised the issue recently and OPM responded with a letter rejecting the idea. FedSmith readers generally like the idea. Here are the results of last week’s survey.
As President of the United States, how would John McCain approach managing the millions of federal employees who would be working for him? What changes would he be likely to make and how would his philosophy influence the federal workforce?
Congressman Steny Hoyer wrote OPM to ask for a quick study on a four-day workweek for the federal workforce in the name of energy conservation. OPM tells the Congressman it isn’t such a good idea.
TSP stock fund returns were all up for August, with the exception of the I fund which took a drubbing and is down more than 17% for the year.
What would the future hold for federal employees in an Obama administration? His acceptance speech yields a few clues and shows very close similarities to the acceptance speech delivered by Bill Clinton in 1992. “Change” to some federal employees may look and feel familiar.
The way to make money in the stock market is to “buy low and sell high.” But many investors follow the opposite practice. They “buy high and sell low.” Current trends show that, once again, the past is prologue and TSP participants are selling stock funds and adding billions into the G fund.
Could the federal government implement a four-day workweek in a month or less? Major changes usually require years with appeals, grievances, court appearances and legislative changes. A Maryland Congressman wants the change to happen quickly.
Inflation is alive and well in the United States. So far, the projected COLA increase for 2009 is 6.2% with another two months to go into the calculation.
