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Daily Headlines for September 9, 2010
| Federal Workers Overpaid Says New Poll | A new Rasmussen Reports survey finds that 75% of Likely Voters nationwide want Congress to cut its own pay until the federal budget is balanced. Fifty-four percent (54%) believe that most federal workers are overpaid. Just 24% disagree and 22% are not sure.
Posted: 9/9 | | RELATED HEADLINES: |
| Ticking Time Bomb in DoD Says Retired General | Retired Marine Corps Maj. Gen. Arnold Punaro chaired a panel that helped pave the way for a series of cost-cutting measures at the Pentagon. He now says DoD has become wedded to "GM-style fringe benefits" such as taxpayer-subsidized grocery chains and low out-of-pocket healthcare costs, but noted there is a reluctance to tackle the issue head-on.
Posted: 9/8 |
| Minimal Changes Expected in FEHB in 2011 | Employers are adjusting health insurance plans to comply with the recent health care legislation and requiring higher employee contributions to premiums. Will federal employees see comparable rate increases in their health insurance coverage next year?
Posted: 9/9 |
| Rapidly Growing Federal Debt | "In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan."
Posted: 9/9 |
| Assigning Blame After the Elections | Who will be blamed after the November elections? Here is a rundown of how the political professionals will spin the election results--depending on the election results.
Posted: 9/8 |
| Growing Government, Growing Unions and Lobbying for More Taxes | As unions have gotten smaller in private industry, they have flourished within the government. "Today, 52 percent of all union members work in government. Three times as many union members work for the U.S. Post Office as in the auto industry. The new union movement represents government employees....This is the new union movement: Government employees lobbying for more government."
Posted: 9/9 |
| Calling for Hiring Freeze and Temporary Cut in Federal Pay |  | Federal employee pay and benefits often expand but rarely contract. A spate of national publicity on federal salaries has called attention to federal pay rates. While it isn't likely, one governor (and former OMB director) is calling for a freeze on federal hiring, cutting federal pay by 10% during the economic recession, and freezing federal pay after the recession is over.
Posted: 9/9 | | RELATED HEADLINES: |
| The Federal Government's "Asian Carp Czar" | The White House has named a former leader of the Indiana Department of Natural Resources and the Indiana Wildlife Federation as the Asian carp czar to oversee the federal response to keeping the invasive species out of the Great Lakes.
Posted: 9/9 |
| A Rough Year for USDA | Now that the political tempest over the resignation of Shirley Sherrod is past, the USDA has a new issue to address: Sen. Charles Grassley is asking Agriculture Secretary Tom Vilsack to address accusations that federal workers ignored complaints about conditions at two Iowa farms involved in the recall of salmonella-tainted eggs.
Posted: 9/9 |
| "Donning and Doffing" at the USDA | Donning and doffing protective equipment by food-production workers before and after their shifts does not require paid time because the equipment qualifies as "clothes" under the Fair Labor Standards Act, a federal appeals court ruled in a decision that differs from a recent Department of Labor interpretation.
Posted: 9/9 |
Previous Articles on FedSmith.com Will You Get a Larger Retirement Check in 2011?
Your expenses in retirement are higher now than they were last year. Does this mean federal retirees get a larger retirement check next year? Taxes and the Deficit--How They May Pertain to You as a Federal Employee
Over the past ten years the federal debt has mushroomed from $5 trillion to well over $13 trillion, and is forecasted to reach $20 trillion in this decade. But wait, it gets worse…private debt (consumer, financial, corporate) has swelled to $42 trillion! 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? 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 8, 2010 | | | Close | Change | YTD | G | $13.3960 | +0.0007 | +2.11% | | F | $14.3345 | -0.0150 | +7.5% | | C | $13.2095 | +0.0875 | -0.06% | | S | $17.3580 | +0.1224 | +5.45% | | I | $17.8191 | +0.0495 | -3.87% | | L 2040 | $15.8271 | +0.0694 | +1.23% | | L 2030 | $15.6800 | +0.0603 | +1.42% | | L 2020 | $15.5596 | +0.0487 | +1.56% | | L 2010 | $15.5459 | +0.0174 | +2.14% | | L Income | $14.1890 | +0.0159 | +2.22% | | More TSP Rates and Info are available at the TSP Corner Contacting FedSmith.com
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