Postmaster General Patrick Donahoe testified before a Senate subcommittee on May 17 that in its current financial state, the Post Office does not have the funds necessary to make a $5.5 billion pre-payment for retiree benefits due later this year.
With the United States hitting the debt ceiling, can you still withdraw your money from your Thrift Savings Plan? Here is the answer from a TSP official.
U.S. Senator Barbara A. Mikulski (D-MD) has introduced the Correction of Longstanding Errors in Agencies Unsustainable Procurements (CLEAN UP) Act,legislation that aims to reduce waste, fraud and abuse in the federal contracting out process and give preference to federal employees for performing work.
The author poses the question, with all the noise around shrinking government and making federal employees out to be the “bad” guys, what would the real effects of some of the current proposals be?
Over the years, OPM (Office of Personnel Management) processing time for calculating annuities for new retirees has gotten progressively worse. Is it the increasing workload that is causing the problem? Here are the statistics.
We recently asked FedSmith.com readers why they work for the federal government and received a wide variety of answers.
A recent ruling by the U.S. Court of Appeals for the 8th Circuit is providing a reminder to federal employees that protections for religious beliefs do not automatically translate into a right to skip work.
Rep. Jason Chaffetz (R-UT) has introduced the Members of Congress Tax Accountability Act. It would require Members of Congress to disclose their delinquent tax liability, would require an ethics inquiry into that delinquency, and would garnish the wages of a Member with a delinquent federal tax liability.
The Postal Service has released statistics for 2010 highlighting the worst cities for dog attacks on mail carriers.
How do your Thrift Savings Plan investments compare with the rest of the TSP investors? Here is a breakdown showing how money is invested in the TSP and the differences between FERS and CSRS employees and how they allocate their money.
