Computing Your 2009 Pay Rate
What will your paycheck look like in 2009? It looks like the 3.9% average pay raise for federal GS employees may eventually be approved.
Federal Employee Pay News
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Topics include TSP, FEHB, or 2023 federal pay raise, 2023 GS locality pay, 2023 GS pay scale, OPM and GS pay news.
Money, Congress and Your TSP: Watch Out for Your Retirement Money
When a politician says he wants to improve your TSP returns by changing the system, hang on to your wallet. Someone may benefit, but it may not be the TSP investors.
TSP Stock Funds Nosedive in June
TSP stock funds across the board went down significantly in June. Here are the results and a perspective that long term investors should keep in mind before deciding to bail out of the market based on the latest TSP returns.
Mileage Reimbursement Rate Headed Up?
The Internal Revenue Service is raising the mileage reimbursement rate because of the increasing cost of filling up a car with gas. How will this decision impact federal employees?
Projecting Your 2009 Federal Pay Increase
The 2009 federal pay raise will be influenced by a number of factors. Here are some of the events that will influence the amount of next year’s average federal pay raise.
TSP Funds Turn Up in April
A few billion dollars were moved out of the TSP stock funds during the first quarter of this year. If you are a contrary investor, that may be a signal that stocks are headed up. And, for April at least, that is the case as all of the TSP funds are up for the month–with one exception.
$16 Million Is Not a Low Number
Comments sent in by readers on proposed changes to interfund transfers within the TSP were unusually harsh. Similar comments may have been sent in directly to the TSP board as well. A new Federal Register notice finalizes a final rule limiting TSP trading activity. The official notice is blunt in addressing the comments opposing the changes. Here is the outcome but watch for future changes as well.
Exposing Long-Term TSP Investors to Risks They Did Not Anticipate
A recent notice in the Federal Register is the latest step by the Federal Retirement Thrift Investment Board to clamp down on frequent trading in TSP funds. The notice makes the argument that the restrictions are necessary to protect the interests of the majority of TSP investors whose financial investments are being put at risk by the actions of those trying to time the market and forcing all TSP participants to accept additional financial risk they did not anticipate. A press release from a group opposed to the changes states that the cost of trading for each TSP shareholder has declined despite the market timing activities of some TSP participants.
2.9% or 3.4% in 2009? Here Are Our Predictions
The yearly process of determining the annual federal pay raise has begun. Here are our predictions on the outcome of the process for the 2009 federal pay raise.
Your 2008 Pay Raise: Would You Prefer 3.5% or 7.6%?
Most American companies have some type of pay for performance system. But pay for performance is unique in the federal government and has generated heated debate and intense opposition. With the average employee under the new system getting a raise that is twice as large as the rest of the federal workforce, it may not seem as threatening.
