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.
What is a market “correction?” Are we in a bear market now or do the November TSP prices reflect a correction in a market that may still be going up? The value of the TSP stock funds followed the overall stock market and prices dropped in November. Your long term gains are still intact but here are some facts that should make you take a close look at your TSP funds.
Looking for a job during the holiday season may seem like a futile effort. But there are things you can do now to improve your chances of finding a new or better position.
Recent articles on this site have generated many questions from readers about the trading restrictions to be imposed on TSP participants who frequently trade in their TSP accounts. The TSP has responded to these issues. Here are some common questions–and answers–from the Thrift Savings Plan on these issues.
The President has proposed an alternative pay plan for federal employees that would give an average raise of 3% for 2008. Congress is on record as preferring 3.5%. Are you surprised at any of these developments?
The process of determining the annual pay raise for federal employees is proceeding slowly, as usual, with its usual twists and turns. The latest twist: President Bush has issued an alternative pay plan that would still grant a pay increase but lower than most federal employees would like. Here is the text of the President’s letter.
Federal supervisors have the option of imposing leave restrictions on a person who may be abusing leave. Here are the steps a supervisor should take leading up to this process.
Recent articles have generated considerable discussion on the site about the cost incurred by those who try to time the market with frequent buying and selling of their TSP funds. A few readers contend that it costs the TSP considerably more to balance the lifecycle funds than the costs incurred by those trading frequently. Does anyone know the actual costs of the lifecycle fund rebalancing and how do these costs compare to the costs created by those frequently trading the I fund?
A financial economist complained that her supervisor took adverse personnel actions against her in retaliation for whistleblowing. The administrative judge and the MSPB blew off the allegations but a federal court sends the case back to the Board. It found, among other things, that the Board erred in holding that an action that never actually occurred cannot serve as the basis for a protected disclosure.
Out of a few million Thrift Savings Plan participants, there are several thousand who trade their funds on a frequent basis. This activity is costing a few million dollars a year in additional expenses. The TSP is considering a recommendation to limit the number of TSP trades that a participant could make during a month.
While the Air Force tolerated (an employee) continuing in his job “despite his inability to perform his full duties, the Air Force was not required to do so indefinitely.”
