Some TSP Investors Lost Money to Thieves: Who Will Pay for the Loss?
Will the TSP repay investors who lost money when thieves withdrew money from their TSP accounts? If you are not one of the investors who lost money, do you even care?
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.
Will the TSP repay investors who lost money when thieves withdrew money from their TSP accounts? If you are not one of the investors who lost money, do you even care?
Merit pay is rampant in the private sector. In the federal government, equal pay raises across the board are the norm although a report issued in 2006 shows that federal employees have not fared too badly. The systems are different and pay and the sources of job satisfaction are unlikely to ever match up.
President Bush has issued an executive order giving federal employees an average raise of 2.2% in 2007.
OPM is implementing the 2007 pay raise but no one really knows what the final figures will be.
The possibility of a 2.7% average raise for federal employees took a decidedly negative turn this week with the announcement that Congress will, in effect, keep the continuing resolution in effect for the remainder of the fiscal year.
The process of determining the 2007 pay raise amount is moving along slowly. But, while the process is moving, there is no final answer on the question of how much employees will be getting in their paychecks next year.
A change in the National Defense Authorization Act will allow some federal employees to make up to $212,000 a year. To get the higher salary, you will have to move.
Statistics about the average compensation for federal employees has left some readers perplexed, some outraged and some with more questions. Here is additional information (and a couple of cartoons) that may satisfy the intellectual quest for more information.
Average federal salaries are higher than the median federal salary level. How much does the average federal retiree get each month? Here is the information to satisfy your curiosity.
OPM has released the COLA payment information for federal employees outside the lower 48 states.