Are We Returning to Normal? Thrift Savings Plan Investors Pouring into the G Fund
TSP investors are setting records for putting money into the G fund. Does this mean we have reached a market bottom?
Get the latest federal employee pay news, including updates on federal pay raises, GS pay scale changes, locality pay, and federal compensation policy. Stay informed on TSP news, TSP fund performance, contribution limits, and investment updates. This category also covers FEHB premiums, FEGLI rates, FEDVIP dental and vision benefits, and major OPM policy changes, federal workforce legislation, and other developments that impact federal employee pay, benefits, and takeāhome compensation.
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.
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.