Easy Credit With LutherCredit! Federal Employees Eligible for Low Payments on merchandise through Payroll Deduction or Allotments. FREE Nationwide Delivery! Apply online or call 1-800-358-6466 (Advertisement) 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: | | 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 | | RELATED HEADLINES: | | 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 | | 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 | 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. 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 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 Contacting FedSmith.com Please do not reply to this email. To ensure your email is read by a staff member contact FedSmith.com through our contact page. Advertise with Us Your ad could be in this email or on our site! Learn how to market to our wide and rapidly growing federal audience - click here. Have a New Email Address? 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