Federal employees under the FERS system who are nearing retirement may have at least a momentary sense of enrichment. Legislation has again been introduced in the House to credit unused sick leave in computing an annuity payment.
Senator Jim Webb (D-VA) says that more paid leave for federal employees is “an issue of fairness” in introducing the Senate version of the Federal Employees Paid Parental Leave Act.
Performance pay plans are continuing in the federal government. A recent example: A pay-for-performance demonstration plan has been approved for about 2800 non-bargaining unit employees of the Food Safety and Inspection Service of USDA.
A decision needs to be made as to whether pay-for-performance for federal employees should be expanded or concluded.
The Federal Employees Paid Parental Leave Act of 2009 was introduced in the House of Representatives on January 22nd. This is a copy of the bill.
Federal pay for performance systems have run into opposition and mixed reviews. This article considers awards, cost of administering the programs, inflated ratings, and distinguishing between the pay-banding aspects of pay for performance and the appraisal processes upon which they rely.
The drop in the value of your Thrift Savings Plan in 2008 may have you worried–especially if you are already retired. recent legislation allows investors to avoid taking the minimum required distribution in 2009. But to take advantage, you need to act sooner rather than later.
Some readers will be getting a four-day weekend in January. Other readers will get a three-day weekend. Here is how the holiday will work.
After five straight years of positive TSP fund performance, 2008 was a disappointment. While all of the funds were up in December, all but two of the funds lost money in 2008.
We know that the average federal employee will receive a raise of 3.9% in 2008 and federal retirees will get a COLA of as much as 5.8%. What about employees under NSPS? Many NSPS employees in the Washington, DC area will get a higher raise than those under the GS system.