Are Federal Employees Overpaid? Take the latest FedSmith survey at and send in your opinion. Daily Headlines for September 10, 2010 | Must Reads for Managers: Federal Union Steward Guides | The author provides links to various Federal employee union guides prepared specifically for shop stewards. Supervisors and managers who must deal with union representatives and with such issues as employee performance discipline, grievances in a unionized environment should put these on their critical reading lists. Posted: 9/9 | | RELATED HEADLINES: | | Planning for Retirement or Just Retiring? | How much do you know about planning for retirement from the federal government? Check your knowledge of the federal retirement system before you make your final retirement decision. Posted: 9/10 | | First Level Fed Supervisors Often Receive Little Training | The federal government often chooses supervisors based on technical rather than management skills and falls down in training people in supervision. A third of new supervisors reported that they received no relevant training in their first year on the job Posted: 9/10 | | RELATED HEADLINES: | | How to Cut Government Spending | Sen. Judd Gregg (R-N.H.), the top Republican on the Senate Budget Committee, says Congress should cut discretionary spending by two percent over the next five years, along with a three-year freeze on cost of living adjustments (COLAs) for federal employees. Posted: 9/10 | | White House Aides Owe $831,000 in Back Taxes |  | Tax problems don't just belong to public figures such as Treasury Secretary Geithner and Tom Daschle. Federal employees across the nation owe about $1 billion in back taxes to the Internal Revenue Service. As of the end of 2009, 41 people working inside the House "owe the government they're allegedly running a total of $831,055 in back taxes." Posted: 9/10 | | Thanking Employees and Contractors Facing Layoffs |  | Even for many Kennedy Space Center employees, it can be rare to see a shuttle up-close. This week, hundreds seized the chance to pay respects to Discovery as it rolled from its hangar to the Vehicle Assembly Building. NASA is occasionally loosening operating procedures to recognize employees, including thousands of contractors who face layoffs over the next year. Posted: 9/10 | Previous Articles on FedSmith.com What is the Maximum Annuity Supplement in 2010? FERS employees who retire prior to age 62 are entitled to an annuity supplement, either immediately or upon attaining the MRA (Minimum Required Age). Some believe the supplement can equal, or even exceed, the amount of the annuity itself. Can this be true? What Managers Can Do to Help Their Employees Prepare for Retirement Managers are responsible for developing their employees in many ways. Hereâs how a manager can help employees become better prepared for retirement. Cows, People and Flying Cows are inconsiderate animals who care little or not at all for people or other cows. They crowd together in a barnyard or pasture and have their own rules of behavior. It's all about them and meeting their immediate needs. They are also like some people in crowded, frustrating situations. 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 September 9, 2010 | | | Close | Change | YTD | | G | $13.3968 | +0.0008 | +2.11% | | F | $14.2769 | -0.0576 | +7.07% | | C | $13.2732 | +0.0637 | +0.42% | | S | $17.3817 | +0.0237 | +5.59% | | I | $17.9996 | +0.1805 | -2.9% | | L 2040 | $15.8923 | +0.0652 | +1.65% | | L 2030 | $15.7369 | +0.0569 | +1.79% | | L 2020 | $15.6071 | +0.0475 | +1.87% | | L 2010 | $15.5604 | +0.0145 | +2.24% | | L Income | $14.2022 | +0.0132 | +2.32% | 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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