Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
The appointments of two senior officials at the Office of Personnel Management who are openly gay highlights the potential for change in federal employee benefits for partners of gay federal employees. Here is a quick summary and a survey for readers to express their views on this topic.
The Federal Employees Paid Parental Leave Act would provide up to four weeks of paid leave for some federal employees. The bill is now moving forward in the House of Represenatives.
TSP investors are setting records for putting money into the G fund. Does this mean we have reached a market bottom?
The Congressional Budget Office has several proposals to reduce the cost of government. None of these options will necessarily be passed into law but, with an eventual effort to reduce the federal debt, some of the options would save billions and may be tempting–to the disadvantage of federal employees and retirees.
How much will your pay raise be in 2010? President Obama has proposed 2% for civilians to bring federal pay and benefit practices “more in line with the private sector.”
You have reason to feel your financial future is at risk. We are in an uncertain economic situation. So what about your future retirement? Should you be putting money into the G fund, the F fund or into stocks? Here is a summary of professional investment prognosticators at a recent event for investors. It is not optimistic but may be helpful to you in planning your financial future.
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.
