HR, EEO & Technology Solutions April 4-5 Expo: Explore the latest in recruiting, benefits, EEO, training & development, talent management and more – right in D.C. Get your FREE Expo Pass today. (Advertisement) Daily Headlines for March 15, 2011
| | Reduced COLA Payments for Federal and Military Retirees in Your Future? | Would you mind a reduction in your CSRS annuity of about $3900 over ten years? Would you mind a reduction of about $1000 less in your FERS annuity during the same time period? If so, you may want to read a new proposal being floated that could have an impact on your retirement income.
Posted: 3/15 | | RELATED HEADLINES: |
| President in the (Deep) Background on Deficit Cuts | When President Obama opened the first meeting of his fiscal commission last year, he promised he would be "standing with them" as they produced recommendations for curbing the nations escalating debt. Both parties say they are still waiting.
Posted: 3/14 | | RELATED HEADLINES: |
| Events in Wisconsin Concern Federal Employee Unions | "[S]tate-level battles are lining up as an express heading straight to DC. We're going to be seeing these issues framed for the feds in the not-too-distant future. In a nutshell: the domestic discretionary cuts won't get us far, almost no one wants to tackle entitlements (where the real cash is), so federal employees represent a huge target with the (arguable) potential for big savings."
Posted: 3/15 |
| Comparability of Federal vs. Private Sector Pay | " 'Comparability' of federal employee compensation with private sector compensation is legislatively mandated. Establishing agreement on whether and how that standard is met involves complex matters that were ostensibly the subject of the Subcommittee's hearing. As the testimony clearly demonstrated, there seems to be no agreement on any of the three matters."
Posted: 3/14 |
| Top 10 Tax-Friendly States for Retirees |  | Taxes are an important consideration in deciding where to live after retiring. Of course, other factors come into play including climate, access to activities you enjoy when you have more time and location of friends and family. Here is a list of 10 tax-friendly states.
Posted: 3/14 |
| "a vestige of a bygone era" | "If congressional pensions seem more generous than private-sector ones, it's intentional. They were designed in an era when there was no revolving door between Congress and the trade associations, law firms and lobbying shops that today offer ex-lawmakers big paydays. In the post-World War II era, generous retirement benefits for lawmakers were intended to attract people into politics who could have made more money in the private sector."
Posted: 3/15 |
| Which Will Win in the White House: Politics or Economics? | The federal government is now borrowing money to pay for Social Security benefits as the program gives out more money than it takes in each year. Changing the Social Security system is splitting President Obamas economic and political advisers.
Posted: 3/15 |
| 3.5% Raise During Contract Term for These Federal Employees | The Postal Service reported a loss of $451 million in January and cut work hours by 3.3%. The agency also lost $8.5 billion in FY 2010. A tentative agreement between the Postal Service and the American Postal Workers Union would provide employees with a 3.5 percent pay increase over the life of the contract, starting with a 1 percent raise in November 2012.
Posted: 3/15 |
| No Gambling as Bail Condition | A federal magistrate judge has banned a civilian employee of the Navy accused in a million-dollar kickback scheme from gambling as a condition of his bail. The action comes after prosecutors found that, since his arrest in January, the employee has won more than $100,000 playing slot machines at a casino.
Posted: 3/15 |
| Investing in the TSP: Which Strategy Will You Follow? | There are different TSP investment strategies you may consider. Before you decide how to invest your TSP contributions, you should know the available options and then decide how to invest for your future retirement.
Posted: 3/13 | | RELATED HEADLINES: |
Previous Articles on FedSmith.com Innovative Leadership in Government: One Example of How It Can Make a Difference
Innovative leadership in this federal agency made a major difference in the environmental condition of the United States. This federal employee writes that "one decision, on that one day we removed the Superfund program from life-support systems...and led to EPA averaging over 80 construction completions per year for the next decade." Eleanor Holmes Norton (D-DC) Calls for End of the Attacks on Federal Workers
Congresswoman Eleanor Holmes Norton (D-DC) has introduced a resolution supporting the collective bargaining rights of federal employees. Statement from John Berry on Federal Pay
OPM Director John Berry made a statement at the recent Congressional hearing on federal employee pay. The enclosed article contains his complete statement and video from the hearing. About this Email The FedSmith.com FREE daily email newsletter is sent each business day with a snapshot of the latest news headlines. We also send occasional updates during the day for breaking news or special events. Be sure to check our site throughout the day as we continually post new stories. | Daily TSP Rates | For March 14, 2011 | | | Close | Change | YTD | G | $13.5663 | +0.0034 | +0.58% | | F | $14.3493 | +0.0324 | +0.84% | | C | $15.7415 | -0.0955 | +3.51% | | S | $21.8951 | -0.1278 | +3.06% | | I | $20.0963 | -0.3427 | +0.44% | | L 2050 | $10.0392 | -0.0814 | 0% | | L 2040 | $18.1986 | -0.1273 | +2.2% | | L 2030 | $17.7405 | -0.1077 | +2.01% | | L 2020 | $17.2394 | -0.0856 | +1.75% | | L Income | $14.8297 | -0.0210 | +1.04% | | More TSP Rates and Info are available at the TSP Corner Contacting FedSmith.com
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