How did your TSP investments perform last month? See the latest monthly TSP performance at TSPDataCenter.com.
Being a federal supervisor is a tough job and getting harder. It can also be rewarding. Their behavior and performance are a major factor in an organization’s performance and employees’ decision to stay or leave an agency. Here are comments and suggestions on why the job is difficult and qualities needed to be a success.
An Air Force employee who was fired for giving false information on her background investigation questionnaire contended she had answered correctly as she understood she was only to report being fired from a federal job–not the times she was fired by a private sector employer. After review by a court, she remains fired from the Air Force job.
The stock market decline continued in July and the TSP funds reflect the declining values as most of the funds are down for the month, year and and previous 12 months.
New legislation passed the House this week to protect public health by providing the Food and Drug Administration with authority to regulate tobacco products. The bill will cost about $300 million. An influential Congressman says not to worry–the money to fund this legislation will come from changing the federal Thrift Savings Plan. No doubt, these changes reassure TSP investors that Congress is looking out for their financial future.
FERS employees and CSRS employees get the same sick leave benefit–until the computation of a retirement annuity. A bill passed by the House on July 30 would change the current system.
P.T. Barnum is credited with the phrase “There’s a sucker born every minute.” Keep that in mind when you read ads about how how to invest (or roll-over) your TSP money.
IRS announced a mileage rate reimbursement increase for tax purposes on June 23rd. For federal employees, the increase will be effective on August 1st.
As Agencies prepare to bargain a new labor agreement, careful attention should be paid to the expired or expiring contract.
Being a good supervisor is difficult and can be a thankless job. This is a continuation of the author’s article on attributes of a good supervisor based on personal experience as a federal employee and a supervisor and considerable research on the subject.
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.
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