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Obama Calls on Feds to Do Their ‘Fair Share’ With 1% Pay Raise for 2015

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAug 30, 2014 10:17 AM Categories Pay & Benefits Leave a comment

President Obama has sent a letter to House Speaker John Boehner and Vice President Joe Biden for a 1 percent across-the-board pay increase for the federal workforce. Here is a copy of the letter describing the pay adjustments to take place in January 2015.

Obama Transmits 1% Pay Raise Plan for Federal Employees

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAug 29, 2014 8:03 PM Categories Pay & Benefits Leave a comment

President Obama is moving forward to implement a one percent pay raise for federal employees in 2015.

OPM’s Proposal to Expand FEHB: Is Agency Ignoring Existing Law to Avoid Healthcare Act Penalties?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAug 29, 2014 9:49 AM Categories Pay & Benefits Leave a comment

OPM has proposed to expand FEHB coverage to temporary employees with a full government contribution. The proposal does not address how the agency is able to ignore existing legislation in the new proposal and this issue is being questioned by the ranking member of a Senate committee.

IRS Issues Alert About Persistent Scam Phone Calls

FedSmith.com author Ian SmithBy Ian SmithAug 28, 2014 10:04 PM Categories Agency News Leave a comment

The Internal Revenue Service issued a consumer alert today providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with the IRS.

What Can’t The Federal Government Do To Its Employees?

By Keith E. Kendall, Esq.Aug 28, 2014 3:05 PM Categories Human Resources Leave a comment

Prohibited personnel practices outline what federal managers may not do when it comes to their employees. The author highlights 13 specific examples of these prohibited actions federal employees should be aware of.

Changes to Your Flexible Spending Account Program (FSAFEDS)

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAug 28, 2014 10:43 AM Categories Human Resources Leave a comment

There are two important changes to the flexible spending account program for federal employees for 2015. Here are the changes.

Phased Retirement Moving Forward

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAug 27, 2014 8:46 PM Categories Retirement Leave a comment

What do you need to know about phased retirement before entering this program? Here are some key points that any phased retirement employee will want to know ahead of time.

Modified Divorce Ruling Handed Down Before Retirement Must Be Considered In Deciding Survivor Annuity

FedSmith.com author Susan McGuire SmithBy Susan McGuire SmithAug 27, 2014 4:11 PM Categories Court Cases Leave a comment

In yet another case involving the current wife and ex-wife fighting over a federal retiree’s survivor’s annuity, the appeals court finds error in handling by OPM and MSPB and bounces the case back for another round. See why.

Elevator Posters and Plastic Squirting Fish: House Investigating ‘Wasteful Spending’ at the DOL

FedSmith.com author Ian SmithBy Ian SmithAug 27, 2014 1:18 PM Categories Agency News Leave a comment

The House Committee on Oversight and Government Reform is investigating what it calls “wasteful spending practices” at the Department of Labor regarding money spent on items such as plastic squirting fish and public relations contests.

How to Make Early Retirement a Reality

By Jason KayAug 26, 2014 8:50 PM Categories Retirement Leave a comment

The author outlines some of the resources available to federal employees to help them save for an early retirement.

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May 5, 2026

Fund Last % YTD
G Fund $19.8756 +0.01% +1.47%
F Fund $20.9126 +0.19% +0.15%
C Fund $116.5741 +0.81% +6.45%
S Fund $110.4989 +1.26% +10.05%
I Fund $61.9907 +1.00% +11.71%
L Income $30.2562 +0.28% +3.46%
L 2030 $61.2632 +0.54% +5.45%
L 2035 $18.7833 +0.63% +6.24%
L 2040 $72.3002 +0.69% +6.66%
L 2045 $20.0724 +0.73% +7.02%
L 2050 $44.6187 +0.78% +7.38%
L 2055 $23.2981 +0.93% +8.72%
L 2060 $23.2952 +0.93% +8.72%
L 2065 $23.2923 +0.93% +8.72%
L 2070 $13.8049 +0.93% +8.72%
L 2075 $12.0586 +0.93% +8.72%
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