Should We Replace the General Schedule?
More than 1.4 million employees are covered by the General Schedule. Another 30K are covered by pay plans that tie their pay directly to GS rates. Should the GS system be replaced?
Maximizing Your Social Security Benefits: ‘File and Suspend’
The author discusses a strategy for maximizing Social Security benefits known as “file and suspend.” In addition to detailing who can use this strategy, he outlines some examples of how it might work.
TSP: G Fund Balances Will Be Unaffected by Debt Ceiling
The TSP issued a statement saying that balances in the G fund will be unaffected by the recent steps the Treasury has taken to avoid hitting the debt ceiling.
FedSmith.com Users Say Country is Moving in the Wrong Direction
FedSmith.com users said in a recent survey that they believe the United States is currently moving in the wrong direction and generally disapproved of the president’s performance during his tenure so far in office.
Comparing Policies to Kennedy’s, AG Holder Expands Rights for Same Sex Couples
Attorney General Eric Holder is comparing actions he is taking within the Justice Department to Robert Kennedy’s actions on civil rights in the 1960’s as the agency expands rights for same sex couples.
Senator Wants Federal Agencies to ‘Buy American’
Senator Sherrod Brown (D-OH) has introduced legislation that would require federal agencies to purchase only American made textile products, such as uniforms worn by federal employees.
Enhance Your Leadership: The One Thing You Can Do Tonight to Guarantee Better Performance Tomorrow
One thing frequently not discussed is sleep and how important it is to be able to work effectively. The author points out that getting regular sleep is important if you want to be successful as a leader and highlights some of the problems a lack of rest can cause.
Notes on the Windfall Elimination Provision (WEP)
The Windfall Elimination Provision (WEP) means if you are getting a Social Security benefit as well as a pension where you did not pay into Social Security, your Social Security benefit is reduced. The author provides examples of the financial impact this can have on your earnings.
OPM’s Retirement Backlog Nearly Doubles in January
Thanks to a tremendous influx of new claims, the size of OPM’s retirement backlog nearly doubled last month.
Borrowing from the G Fund (Again) to Offset the Debt Ceiling
The debt ceiling limit will again be reached on February 7th so the government will take “extraordinary measures” to fund the government. This means that retirement assets of federal employees, including the TSP G fund, will again be used to help fund government expenses.
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