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10 March 2011

FedSmith.com: Former Army Special Forces SGT Wins Reinstatement With Postal Service

FedSmith.com Logo - click to go to FedSmith.com home page March 10, 2011
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Daily Headlines for March 10, 2011

Former Army Special Forces SGT Wins Reinstatement With Postal Service
The Court of Appeals for the Federal Circuit recently held the Postal Service incorrectly terminated a member of the National Guard under false assumptions in that he abandoned his position. This case means federal agencies will find it harder to base terminations of military members on circumstantial evidence that the employee abandoned his civilian position.
Posted: 3/10
RELATED HEADLINES:

Overpaid or Underpaid? The Debate Continues in a Public Hearing
Federal employee unions say federal employees are underpaid by 26% or so. OPM appears to side with the unions. Comparing comparable positions, another organization says federal employees are overpaid by 22% or so. All sides were heard at a Congressional hearing.
Posted: 3/9
RELATED HEADLINES:

Federal Employees are Underpaid Says Union
In a Congressional hearing, AFGE says that federal employees are underpaid by 24 percent, and not overpaid.
Posted: 3/9

Pay Freeze is a "Farce"
Rep. Darrell Issa called President Barack Obamas pay freeze on the federal workforce a farce, since it doesnt bar raises for workers who are promoted.
Posted: 3/9
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TSA Withheld and Used False Data to Conclude Federal Screeners Were Less Expensive
GAO says that the Transportation Security Administration used faulty data and withheld information during an evaluation and comparison of the costs of using federal airport security screeners and an alternative, federal-private screening program.
Posted: 3/9

NPR Funding Under Fire After New Video Release and CEO Resignation
Recent events at National Public Radio, combined with a Congress seeking ways to cut the federal budget, could take a bite out of the $450 million that NPR receives in federal funding. The CEO of the organization has resigned in light of new controversy surrounding a video of an NPR executive making offensive remarks about Republicans and the Tea Party.
Posted: 3/9

Taking Social Security Benefits At an Early Age
The number of Americans opting to take Social Security at 62 is going up. "The mentality is that getting something now is better than nothing later."
Posted: 3/9
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OPM Proposes Change to Help Hire More Military Spouses
OPM is proposing a change to current regulation to enable more military spouses to benefit from an existing special hiring authority.
Posted: 3/10

SEC Says Its Financial Errors Due to Old Technology
A lack of investment in crucial technology systems is to blame for material weaknesses identified last year in the U.S. Securities and Exchange Commission's financial statements according to SEC officials.
Posted: 3/9

Loughner Pleads 'Not Guilty' of Shooting US Senator Giffords
Tucson shooting rampage suspect Jared Loughner pleaded not guilty on Wednesday to an expanded, 49-count indictment that set the stage for prosecutors to decide whether to seek the death penalty.
Posted: 3/10

How Much Will CSRS Federal Employees Receive When They Retire?
How much will you receive in retirement income when you retire under the Civil Service Retirement System (CSRS)? Here are some examples that will demonstrate how your retirement income is calculated.
Posted: 3/8
RELATED HEADLINES:

Previous Articles on FedSmith.com

Rep. Herrera Beutler Calls for Pay Cut for Congress, White House
Congresswoman Jaime Herrera Beutler (R-WA) intends to introduce legislation next week that would call for a 10% pay cut for Congress, the President, and Vice President.

Update to the Washington, DC, Area Dismissal and Closure Procedures
The U.S. Office of Personnel Management (OPM) issued revised Washington, DC, Area Dismissal and Closure Procedures on December 15, 2010. OPM is amending its announcement for early departures to explicitly allow employees to request unscheduled leave and unscheduled telework prior to their individually staggered early departure times. Additionally, OPM will no longer be asking agencies to provide telework data when OPM announces certain operating statuses.

Why Your Federal Annuity Check Went Down (Continued)
Why did the amount of money in your paycheck go down? The controversy and the uproar continues.

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Daily TSP Rates

For March 9, 2011
  Close Change YTD
G $13.5607 +0.0012 +0.54%
F $14.2746 +0.0446 +0.32%
C $16.0228 -0.0196 +5.35%
S $22.3910 -0.0774 +5.4%
I $20.9524 +0.0098 +4.72%
L 2050 $10.2699 -0.0087 0%
L 2040 $18.5611 -0.0124 +4.24%
L 2030 $18.0467 -0.0099 +3.77%
L 2020 $17.4811 -0.0065 +3.18%
L Income $14.8925 +0.0003 +1.47%

More TSP Rates and Info are available at the TSP Corner

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