Pension Contribution Hike is Unlikely, But It’s Still a Wait-and-See Game

Will you be forced to contribute more money to your federal government pension? As always, that’s up to Congress. A House budget bill earlier this year suggested federal workers should pay 6.6 percent of their salary to the Federal Employees Retirement System — the fund where all federal employee pension contributions is funneled into to […]

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Free Credit Protection Services for Workers Affected by Latest Hack

An influential Senate panel approved a key amendment that would help protect federal workers and contractors whose sensitive personal and financial data were poached by hackers, which could be used for malicious and fraudulent purposes. The Senate Appropriations Committee adopted an amendment that will be folded into a massive government funding bill — the Financial […]

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OPM Moves to Ensure Fair Pay in Federal Workforce

Federal pay is under the microscope again — this time for whether agencies are offering fair salaries to workers. To try to make sure new workers are fairly paid, the U.S. Office of Personnel Management (OPM) recently issued a memo advising agencies to avoid placing too much emphasis on a prospective worker’s past salary history […]

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2016 Federal Pay Raise Becoming More Likely

A 2016 pay raise for federal workers cleared another key hurdle recently. A powerful and influential Senate appropriations committee declined to insert any language addressing federal workers’ pay into a major government spending bill for next fiscal year. That means Senate lawmakers have taken a pass at denying President Obama’s stated intention to raise fed […]

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TSP Wants to Compete More with IRAs

The agency that administers the Thrift Savings Plan is hoping Congress goes along with its plan to lift multiple withdrawal restrictions imposed on TSP investors and to increase the number of investment options offered beyond the current limited number of TSP investment funds. The Federal Retirement Thrift Investment Board has asked Congress to pass legislation […]

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Federal Employees Association Calls Out Congress: “TSP Belongs to Plan’s Participants”

An association that represents active and retired federal workers has admonished Congress for a plan that would divert money from a Thrift Savings Plan investment fund to pay for the government’s Highway Trust Fund. The Highway Trust Fund is projected to exhaust most of its reserve cash by September following this summer’s highway construction season. […]

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Proposed Rule Would Loosen Overtime Exemptions

Some federal workers will have the opportunity to collect overtime if a proposed U.S. Department of Labor rule is implemented. The Obama Administration is supporting the measure, with the president suggesting he will use his executive authority to loosen overtime exemptions that prevented hundreds of thousands of federal workers from being able to collect overtime. […]

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Phased Retirement? Good Luck With That

It was cheered by Congress, hailed as an incredible opportunity for federal workers who wanted to dip one toe into retirement while giving them time to wrap up at the job and get their affairs in order. It gave agencies a tool to train a new generation of workers because veteran employees could serve as […]

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U.S. Army Will Eliminate Civilian and Soldier Positions

The U.S. Army will reduce its civilian workforce and the regular Army because of federal military budget constraints, a move that will impact nearly every Army installation in the continental U.S. and internationally. The Army will eliminate 17,000 civilian and 40,000 soldier positions. Currently, the Army has about 490,000 soldiers. That will drop to 450,000 […]

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Postal Workers Union Exposes Secret USPS Privatization Plan

The United States Postal Service is seeking to accelerate its plans to use non-union private sector workers to expand its market reach, according to documents obtained by the American Postal Workers Union through a Freedom of Information Act request. The USPS has come under fire for a “pilot” program deal inked with Staples that allowed […]

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