DoD Proposes Another BRAC Round
March 18, 2015
Here’s another reminder why you must begin managing your money and retirement today if you are in the service or work in the military as a civilian: The Pentagon is calling for another round of base realignments and closures (BRAC) as part of more sweeping efforts to cut back on costs. If you’ve worked for […]
USPS IG: Prefunding Benefit Mandate Must Go
March 3, 2015
The United States Postal Service won’t be able to climb out of the red unless Congress nixes a law that forces the USPS to prefund its projected healthcare and pension liabilities, according to a recent USPS Office of Inspector General report. According to the report, the USPS suffered “staggering” losses from fiscal years 2007 to […]
Federal Agencies Will Be Hit Hard by Sequestration in 2016
March 3, 2015
Federal agencies will be facing some tough decisions if sequestration caps remain in place in fiscal 2016. According to an Office of Management and Budget (OMB) report released this month, federal agencies will have to cut back on nearly $90 billion in discretionary spending unless Congress acts in favor of removing the caps or modifying […]
Maryland Congresswoman Proposes Rolling Back Pension Contribution Increases
February 20, 2015
A Maryland congresswoman recently introduced a bill to roll back pension contribution hikes for new federal workers. Donna Edwards, a Democrat, backed the bill, which is called the Federal Employee Pension Fairness Act. “Federal employees are the backbone of our federal government and agencies,” Rep. Edwards said in a statement released earlier this month. “Whether […]
Republican Lawmakers Propose Law to Cut Federal Workforce
February 20, 2015
Two Republican House representatives have introduced legislation that would cut the federal workforce through attrition and enact hiring freezes if an agency fails to comply with the law. The bill — Federal Workforce Reduction through Attrition Act — was introduced by Cynthia Lummis from Wyoming and Mick Mulvaney from South Carolina. The lawmakers claim it […]
Obama Administration Develops USPS Rescue Plan
February 11, 2015
The Obama Administration is borrowing ideas from both sides of the aisle in an attempt to save the United States Postal Service from financial ruin. The administration released a 2016 budget blueprint earlier this month that calls for major healthcare and other structural changes to help stymie the flood of red ink that is overshadowing […]
Federal Workers Might Get a Raise in 2016
February 10, 2015
The White House has proposed giving federal workers a 1.3 percent pay increase in 2016. Despite the raise trailing the rate of inflation and the rising cost of goods and services in the U.S., it is at the very least a faint recognition by the Obama Administration that federal workers deserve more than the pay […]
Delay Proposed for Closure of USPS Mail Processing Facilities
February 2, 2015
An amendment was slipped into the Keystone XL pipeline Senate bill that would halt the U.S. Postal Service’s plan to close mail processing facilities across the country this year. U.S. Sen. Debbie Stabenow, a Democrat from Michigan, introduced the amendment to the contentious Senate bill, which would put a colossal wrinkle in the agency’s long-term […]
USPS Moves Ahead with Plan to Shutter Mail Processing Facilities
January 27, 2015
Despite backlash from U.S. Postal Service employees and some lawmakers on Capitol Hill, the USPS is moving forward with its plans to close and consolidate mail processing facilities across the country. This month, the agency will begin shutting down 82 mail processing facilities. This action is in response to USPS and Congress’ inability to stem […]
Campaign Launched to Expand Banking Services at USPS Retail Locations
January 27, 2015
You might be able to send mail and do some basic financial transactions at your local post office if a proposal by the American Postal Workers Union comes to fruition. The union is partnering with financial reform and labor organizations to launch a campaign to push the initiative, which would expand banking services beyond money […]
