Stay updated with breaking news and major events affecting federal employees, including government shutdowns, office closures, emergency announcements, legislative developments, and nationwide issues impacting federal agencies and the federal workforce.
Those who work for the federal government don’t think much of the process of hiring new employees. While Uncle Sam may be in the process of hiring hundreds of thousands of new federal employees, those currently working in federal agencies don’t hold out much hope for attracting, hiring and retaining good employees.
The C fund has now had six straight months of gains in the federal Thrift Savings Plan. No doubt, TSP investors are cheering the 2009 results so far but there is still plenty of reason to be cautious in investing your retirement funds.
Here is the text of a letter from President Obama to the Speaker of the House and the President of the Senate transmitting an alternative plan for pay increases for civilian Federal employees covered by the General Schedule (GS) and certain other pay systems in January 2010.
There is a real possibility that the contribution limits to your Thrift Savings Plan could go down for 2010. Here is why this is the case.
A number of readers have asked: How many federal employees are there in various pay groupings? How many federal employees are there in each GS pay grade? Here is a brief description and a graphical depiction of the number of federal employees in the GS system from those making less than $20,000 per year to those making more than $180,000 per year.
In a decision designed to save hundreds of millions of dollars in labor-related costs, the Postal Service has negotiated an agreement with two unions to offer some Postal employees a financial incentive to retire or resign before the end of the fiscal year.
The plain language of the proposed order requires Agencies to “allow employees and their union representatives pre-decisional involvement in all workplace matters”. This provision has some fairly staggering consequences if implemented. Pay very careful attention if you’re in operational management.
Lifecycle funds are growing in popularity for TSP investors. At the end of July, more than 606,000 TSP investors had money in an L fund. But investors are not putting all of their assets in one location. The number of participants with their entire TSP balance in one L fund is surprisingly small.
There have been several Federal Register notices, proposed rule extensions, numerous comments from interested parties, and probably much wringing of hands within OPM on a proposal to eliminate time in grade restrictions. The final result: No changes.
The political debate in America on health care and the role of government in our economy is intensifying. What is your view? How has this issue been handled by the major parties and the White House?
