Quietly Changing the TSP’s Investment Philosophy

A pending bill would quietly change the TSP’s investment philosophy. The result would be opening the door to more investment options, confusing many investors, applying more political pressure on the TSP and profiting financial interests with Congressional patrons. The likely losers: TSP investors who are benefiting from a simple, inexpensive retirement plan that is currently a model for private sector retirement plans.

Firing an HR Specialist With 30 Years of Federal Service

A personnel specialist with 30 years of federal service argued that his long employment history and a recent mid-term evaluation should have been considered in a decision to remove him from federal service. But, says a federal court, the only performance that is relevant in this case is his performance during a 60-day evaluation period. His removal stands.