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 tobacco bill has been approved by Congress. The new legislation will make changes to the TSP but the final version does not include a change to allow credit for unused sick leave for FERS employees.
The Senate did not include proposed changes to the FERS sick leave program that would have given some people more money in retirement. How should this recent development impact your retirement plans?
The paid parental leave bill for federal employees has been approved by the House of Representatives. The bill would provide paid leave of up to four weeks after the birth or adoption of a child.
Congress says it approves the idea of pay parity between federal employees and military personnel but doesn’t indicate how much should be approved for a possible pay raise in 2010. Will federal employees be asked to take a lower raise in the midst of rising unemployment and low inflation? Also, federal retirees are on track to go without a COLA increase.
A new bill to change the regulation of tobacco has passed the House. Embedded in this legislation are changes to the Thrift Savings Plan. If Congress sees an advantage in changing a program with billions of dollars at stake and some small portion of those billions represent your personal financial future in retirement, you may want to pay attention.
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.”
