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10 November 2010

FedSmith.com: Deficit Commission Recommends Freezing Federal Salaries, Changing Retirement Calculations

FedSmith.com Logo - click to go to FedSmith.com home page November 10, 2010
FedSmith.com Daily Email Newsletter
Today's Headlines: Go to FedSmith.com

Proposed Changes Impacting Federal Employees/Retirees

This is a special issue of the FedSmith.com newsletter. You can read all of the latest headlines added on November 10, 2010 by going to the FedSmith.com web page and clicking on the corresponding news headline.

Daily Headlines for November 10, 2010


Deficit Commission Recommends Freezing Federal Salaries, Changing Retirement Calculations
President Barack Obama's bipartisan deficit commission has issued a draft report that calls for freezing federal salary and compensation levels and changing the way federal retirement compensation is calculated as ways of cutting federal spending.
Posted: 11/10

You Represent a Multibillion-Dollar, World-Famous Entity
Your agency is a multibillion-dollar organization we all know by name. Any employee who takes a phone call or greets a walk-in is acting as the agency's sole representative for that person. Has your agency trained you to think of your role in those terms?
Posted: 11/9
RELATED HEADLINES:

FLRA's "Comprehensive Arbitration Training"
The Federal Labor Relations Authority conducted training on Federal sector arbitration last month. If you missed it and want copies of the slides and handouts, the Author provides them and a comment.
Posted: 11/10

Conflict and Tension at the Airport
A flight attendants union with 2,000 members is upset over what it calls "invasive pat-downs" recently implemented by the TSA.
Posted: 11/10
RELATED HEADLINES:

Previous Articles on FedSmith.com

Beware of Your Corporate-Speak
Fast-tracking. Determining metrics. Capturing action items. Maybe it would be better if we all just spoke and wrote to each other like we were human beings.

"Deposit Service" And Your Federal Employee Retirement
Will federal "deposit service" impact your federal retirement annuity? It may impact CSRS and FERS employees in different ways. Here is an explanation of how this could impact your future retirement income.

Federal Employees: What is the Voluntary Contribution Program and How Can You Get the Most Out of It?
The Voluntary Contributions Program (VCP) is one of the most underutilized benefits within the benefits system for CSRS and CSRS Offset employees. It allows a federal employee to make after-tax optional payments to a Voluntary Contributions Account in addition to the retirement contributions you already make.

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Daily TSP Rates

For November 9, 2010
  Close Change YTD
G $13.4444 +0.0007 +2.48%
F $14.4381 -0.0576 +8.27%
C $14.6303 -0.1139 +10.69%
S $19.7860 -0.2368 +20.2%
I $19.8775 -0.1602 +7.23%
L 2040 $17.3085 -0.1270 +10.7%
L 2030 $16.9609 -0.1082 +9.71%
L 2020 $16.6005 -0.0857 +8.36%
L 2010 $15.9385 -0.0300 +4.72%
L Income $14.5473 -0.0274 +4.8%

More TSP Rates and Info are available at the TSP Corner

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