Proposed Federal Retirement Budget Cuts

President Trump’s proposed federal retirement budget could lead to big changes for federal employees. Under the new budget proposal, federal employees will see a major shift in their retirement policies, ultimately limiting their retirement benefits and reducing their annual take-home income due to increased costs. The budget impacts both Federal Employees Retirement System (FERS) and […]

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Brookings Paper Calls For USPS Breakup

Is the United States Postal Service hampered by its constitutionally declared and much assumed mission to deliver mail to places near and far in the U.S., no matter what it takes or costs? According to a Brooking Institution (.pdf) white paper, that universal mandate must be reevaluated and the agency should no longer be under […]

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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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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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Social Security is No Longer a Guaranteed Safe Investment

Is Social Security a secure investment? The answer to that question is tricky. But the looming insolvency of the fund could lead to significant changes in payouts for retirees and how much workers are taxed to prop up the fund. No doubt, we are all tired of the thousands of predictions made by pundits and […]

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