More feds investing in TSP's L Funds
The number of Thrift Savings Plan participants enrolled in the L, or lifecycle, Funds reached a record 864,469 in April.
- May. 20, 2013
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The number of Thrift Savings Plan participants enrolled in the L, or lifecycle, Funds reached a record 864,469 in April.
Federal employees at civilian intelligence agencies will most likely be spared furloughs this year, Director of National Intelligence James Clapper said Tuesday.
Federal agencies must creatively and aggressively recruit science, technology, engineering, mathematics and medical employees to keep up with rising demand and competition from the private sector, according to a new report that will be released Thursday.
The Defense Department plans to furlough some 680,000 civilian employees for 11 days by the end of September as the result of sequester-related budget cuts.
The White House on Friday ordered agencies to start studying ways to narrow the pay gap between men and women in the federal government.
The Office of Personnel Management is failing to chase down suspected pension fraud in its quest to speed up pension processing, the agency's inspector general testified Thursday.
The Office of Personnel Management in April processed its third-highest number of federal pension claims.
Until last year, the Office of Personnel Management's program to process federal employee retirements was a sluggish, bureaucratic morass that left new retirees waiting six months to a year for their full pensions.
The Office of Personnel Management announced Monday it has suspended all overtime for its employees working on processing federal retirees' pensions.
The Federal Aviation Administration should use newly approved budget latitude to cancel furloughs for all agency employees, not just air traffic controllers, the head of the FAA Managers Association urged Friday.
The Defense Department should rethink its plans for furloughs and other cutbacks to its civilian workforce, a bipartisan group of 126 House members said in a letter Tuesday to Defense Secretary Chuck Hagel.
Employee unions are pressing the Federal Retirement Thrift Investment Board to give employees more options to borrow against their Thrift Savings Plan accounts while employees remain vulnerable to furloughs.
IRS employees face between five and seven furlough days between May and September because of sequester-related budget cuts, according to an email from acting Commissioner Steve Miller.
The former leaders of a White House deficit reduction commission are again urging dramatic cuts to federal employee benefit programs, with a goal of saving tens of billions of dollars over the next decade.
The White House’s inclusion of the so-called chained CPI, or consumer price index, in its fiscal 2014 budget gave House Republicans ammunition Thursday as they called for adopting a less-generous measure of inflation.
The Air Force may have to lay off some employees to help meet its fiscal 2012 budget cut targets.
The National Oceanic and Atmospheric Administration plans to shut down most agency operations for four mandatory furlough days in July and August in response to sequester-related budget cuts, according to the agency’s acting chief.
Commenting on how the White House’s proposed 2014 budget treats federal pay and benefits, William Dougan, head of the National Federation of Federal Employees, said: “With friends like these, who needs enemies?”
Office of Personnel Management Director John Berry on Thursday announced he will step down when his four-year term expires at the end of this week.
President Obama’s budget plan for 2014 proposes increasing the retirement contributions for federal employees hired before 2013 by 1.2 percentage points, phased in over three years, as part of his fiscal 2014 budget.
Federal employees would be able to sign up for a “self plus one” health plan beginning in 2015 under Federal Employee Health Benefits Program reforms the White House is proposing in its fiscal 2014 budget.
Dismantling the intelligence community’s first large-scale experiment with pay-for-performance cost the government $60 million, Director of National Intelligence James Clapper said, and he has no interest in giving it another shot.
President Obama’s nominee for federal budget chief received a half-million-dollar signing bonus from her last job as president of Walmart’s charitable arm, according a recent financial disclosure form.
More than 10,000 federal employees submitted retirement claims in March — more than twice as many as the government expected.
The White House on Wednesday will propose $35 billion in cuts to federal retirement benefits and reductions in retirees’ future pension increases as part of the fiscal 2014 budget.
Retired Army auditor Tom McKinney thinks a financial bomb is ticking in the federal employee pension system. And after waging an unsuccessful six-year campaign to get the National Active and Retired Federal Employees Association to take on what he thinks is a serious problem, McKinney — a 20-year NARFE member and one of the group’s chapter presidents in Dunwoody, Ga. — on Wednesday announced his resignation from the organization.
President Obama will voluntarily return 5 percent of his annual salary in a show of solidarity with at least 1 million furloughed federal workers.
A retired Social Security Administration manager was sentenced to 15 months in prison Wednesday after pleading guilty to embezzling more than $400,000 from an SSA employees association.
A congressionally chartered panel is urging lawmakers to halt plans to require that agencies post online the personal financial disclosure statements of thousands of federal employees.
Defense Department civilian employees will be furloughed 14 days through September, down from 22 days, Defense Secretary Chuck Hagel announced Thursday.
The agency in charge of the Thrift Savings Plan faces more Labor Department scrutiny following a major 2011 cyber attack.