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.
January is often cited as a harbinger for stock market returns for the remainder of the year. TSP investors are hoping that does not hold true for 2009. The stock market dropped significantly, breaking a 113 year record for the lowest returns in January. The January Thrift Savings Plan returns reflect the market decline.
The are different types of individual retirement accounts (IRA’s) and the requirements for investing in them are different. Here is an explanation.
The U.S. Postal Service says it is looking at a loss of $6 billion or more in fiscal year 2009. The agency is freezing some salaries, reducing travel and construction, and accepting early retirements. The agency wants more flexibility in “workforce flexibility” and to deliver mail five days a week instead of six.
Can an agency reassign a federal employee to a position the employee considers less desirable without giving an employee the right to appeal? In this case, the MSPB and the Court gave a clear answer.
Will some federal employees get an extra four weeks of paid leave? If a bill introduced in the House of Representatives again this year, it could happen.
Now that we have an Obama Administration, the author asks if Democratic congressional initiatives will get new legs. One, in particular, establishes a right to collective bargaining for state public safety employees and puts the FLRA in charge.
President Barack Obama delivered this address in Washington, DC today, January 20, 2009.
A Veterans Affairs exercise therapist at the VA medical center in Memphis lost his court appeal seeking to overturn his firing for engaging in a prohibited relationship with a patient.
With a number of federal employees considering retirement, some will want to consider taking a job related to their federal career. Here is a report on jobs that may interest some readers in the Defense industry in Washington, Virginia and Maryland.
The Government Pension Offset and the Windfall Elimination Provision impact the retirement income for many public sector retirees. A bill has been introduced to eliminate these provisions. Elimination would cost the government considerable money but, with a new Administration and Congress taking on a debt estimated to be at least $1.2 trillion, it could pass this year.
