How did your TSP investments perform last month? See the latest monthly TSP performance at TSPDataCenter.com.
A bill has been introduced to allow former federal employees covered by FERS to return to the federal government and restore their credit for prior service by redepositing money they took out of their federal annuity account.
Will your spouse get a survivor’s benefit from your civil service annuity? In same cases, you may be surprised to find that the answer is “no”. A group has asked OPM to notify all Civil Service Retirement System participants about a provision that is unknown to many and that could result in a spouse not getting this important benefit.
An employee of the Dept. of Veterans Affairs was fired for failing to follow a supervisor’s instructions and then used “disrespectful language and made inappropriate statements.” The employee argued that she was a whistleblower and that the agency had committed procedural error but, after all appeals, remains a former federal employee.
January is often cited as a harbinger for stock market returns for the remainder of the year. TSP investors are hoping that does not hold true for 2009. The stock market dropped significantly, breaking a 113 year record for the lowest returns in January. The January Thrift Savings Plan returns reflect the market decline.
The author asks whether there’s any significance to the new administration’s choice of labor related signings last week in which a rumored return to the Clinton era didn’t materialize.
Senator Jim Webb (D-VA) says that more paid leave for federal employees is “an issue of fairness” in introducing the Senate version of the Federal Employees Paid Parental Leave Act.
The are different types of individual retirement accounts (IRA’s) and the requirements for investing in them are different. Here is an explanation.
Performance pay plans are continuing in the federal government. A recent example: A pay-for-performance demonstration plan has been approved for about 2800 non-bargaining unit employees of the Food Safety and Inspection Service of USDA.
The U.S. Postal Service says it is looking at a loss of $6 billion or more in fiscal year 2009. The agency is freezing some salaries, reducing travel and construction, and accepting early retirements. The agency wants more flexibility in “workforce flexibility” and to deliver mail five days a week instead of six.
A decision needs to be made as to whether pay-for-performance for federal employees should be expanded or concluded.
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