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Daily Headlines for February 22, 2011 | A Perfect Storm for Federal Pay and Benefits | "The Perfect Storm" was a riveting movie released in 2000. Federal employees have a front row seat while watching the political version of a perfect storm unfold. At stake in this scenario: your future pay and benefits.
Posted: 2/22 |
| What Would a Government Shutdown Mean? | The Bureau of Labor Statistics says there are 2 million civilian government employees, excluding the Postal Service. Not all would be affected by a shutdown; the mid-1990s shutdowns resulted in the furlough of an estimated 800,000 federal employees, according to the Congressional Research Service.
Posted: 2/20 | | RELATED HEADLINES: |
| OPM and Changes to Your Federal Annuity Payment | A number of readers have been asking questions about changes in their federal annuity payments and our discussion comments section has been ablaze with comments and opinions about this topic. OPM has now set up a section on its website about "questions and answers" on the changes to your federal annuity payment.
Posted: 2/22 | | RELATED HEADLINES: |
| Kudos for the Thrift Savings Plan | "Chairman Andrew Saul, who makes certain this $220 billion plan with 3.8 million participants, runs smoothly, has remained aloof to congressional influence and tampering. As a result, Congress hasnt been able to pimp these funds (as it does with Social Security) to support its cash-short projects." You cannot find a ticker symbol for the TSP funds. "They are regulated by the Comptroller of the Currency, not the SEC (thank goodness) and dont have ticker symbols."
Posted: 2/22 | | RELATED HEADLINES: |
| Maternity Leave and the Federal Employee | The federal government doesnt provide a benefit many on Wall Street take for granted and that the European Union, Japan and Russia require. A bill to give federal employees four weeks paid time off to care for new children isnt likely to make it to a vote.
Posted: 2/22 | | RELATED HEADLINES: |
| Federal Budget in Perspective |  | The fiscal-year 2011 federal deficit seems likely to be up dramatically, 10.9% of GDP " far higher than the deficits run in the 1930s, during the Depression, and in the early 1980s. "Bottom line: yes, America, there really is a fiscal crisis. It can probably be solved. But it may take a shutdown, and worse."
Posted: 2/21 | | RELATED HEADLINES: |
| Furloughed Federal Workers and Public Image | The federal employee unions are pushing back hard against the GOP-proposed cuts as lawmakers debate a spending bill to fund the government for the rest of 2011. Congressional Democrats are accusing Republicans of setting Washington on course for a shutdown. "There's a perception...that public employees are almost a privileged class" and recent polls show the public is souring toward public-sector unions. The image of furloughed federal workers might not generate the level of outrage some expect.
Posted: 2/22 | | RELATED HEADLINES: |
| White House Wants to Expand Workforce in FY 2012 | Although there's been much talk in recent weeks about scaling back the size of government and making it more efficient, the Obama administrations fiscal 2012 budget proposal would add about 15,000 new federal civilian employees.
Posted: 2/21 |
| Surviving Anthrax and Now Enjoying Retirement |  | This Maryland woman survived 41 years with the U.S. Postal Service, including exposure to anthrax on the job in 2001. After the attacks, she was prescribed a six-week course of antibiotics, never had symptoms of exposure and suffered no effects.
Posted: 2/22 |
| Sales of Federal Buildings Could Be Difficult |  | More than two years after the government tallied 14,000 vacant buildings under President George W. Bush and eight months after Obama issued a presidential memo asking that $3 billion in savings be found from shedding excess real estate, the public still knows little about the value, location, condition or size of those properties -- much less how they might be purchased or leased.
Posted: 2/20 |
Previous Articles on FedSmith.com Long Term Care Insurance: Do Your Homework
Long term care insurance has been a source of frustration for some who did not anticipate a significant increase in premiums last year. If you are considering signing up for this insurance plan, do your homework about the costs and potential benefits. Taxes and Your Federal Employee Annuity
With tax time approaching, it is a good time for federal retirees to review the taxability of their various sources of retirement income. Federal and Postal Disability Retirement under FERS or CSRS: The Law as a Shield of Compassion
When a Federal employee finds his medical condition prevents one from performing one or more of the essential elements of the job, he is considered "disabled" under the Law, and therefore eligible for Federal Disability Retirement benefits. Such an individual will often not be accommodated by the Agency, if only because "accommodation"is a difficult requirement to fulfill. About this Email The FedSmith.com FREE daily email newsletter is sent each business day with a snapshot of the latest news headlines. FedSmith.com is growing every day as an influential Internet news Web site for the Federal community. Please forward this newsletter to your colleagues so they can also receive our latest news headlines each business day. Go to http://www.fedsmith.com/email_list to sign up for a free subscription, change your email address, or to unsubscribe. Be sure to respond to the confirming email. | Daily TSP Rates | For February 18, 2011 | | | Close | Change | YTD | G | $13.5399 | +0.0011 | +0.38% | | F | $14.1644 | -0.0073 | -0.46% | | C | $16.2828 | +0.0315 | +7.06% | | S | $22.8139 | -0.0055 | +7.39% | | I | $21.2762 | +0.0630 | +6.33% | | L 2050 | $10.4145 | +0.0163 | 0% | | L 2040 | $18.7852 | +0.0256 | +5.5% | | L 2030 | $18.2322 | +0.0224 | +4.84% | | L 2020 | $17.6207 | +0.0185 | +4% | | L Income | $14.9156 | +0.0060 | +1.62% | | More TSP Rates and Info are available at the TSP Corner Contacting FedSmith.com
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