TSP Experiences Accross-the-Board Increases
December 12, 2014
Federal workers are seeing positive gains in their Thrift Savings Plan investments. The Thrift Savings Plan (TSP) posted across-the-board increases in all funds in November. According to Government Executive, that represents the second consecutive month of positive gains. November also marked the first time since June all TSP funds realized gains, Government Executive reported. Similar […]
Will COLA suffice come retirement?
December 8, 2014
Just because you are guaranteed a pension as a federal worker does not mean it will truly keep up with the cost of living when you retire. Retired federal workers will get a 1.7 percent cost-of-living adjustment (COLA) to their civil service annuities in 2015, the government recently announced. This slight rise in COLA will […]
CBO Report Targets Federal Worker Pay and Benefits
December 3, 2014
The pay and benefits of federal workers are being scrutinized yet again. This time the Congressional Budget Office determined cutting them would significantly reduce the government’s annual deficit. In November, the nonpartisan accounting arm of Congress released a report entitled, “Options for Reducing the Deficit: 2015 to 2024,” which offered 79 recommendations for lawmakers to […]
Senior Managers Could Face More Pressure
December 3, 2014
Executives and management in the federal workforce could see their performance reviews affected based on their employees’ engagement scores from the annual Federal Employee Viewpoint Survey (FEVS). This information was publicly revealed when the news site Federal News Radio obtained a draft of a memo to agency leaders from the Office of Management and Budget […]
Defense Department Per Diem Rates to Change
November 25, 2014
New long-term temporary duty (TDY) per diem rules for civilian Department of Defense workers went into effect earlier this month. But 13 federal employees’ unions oppose the changes, especially for civilian DOD workers. Defense Travel Management Office director Harvey Johnson explained in a release that the per diem rules, which will impact lodging, meals […]
Federal Benefits Could Be Under Scrutiny Again
November 25, 2014
A shakeup of the U.S. Congress in the wake of the 2014 mid-term elections could put federal workers’ pension benefits under the microscope again. Pensions and Investments, a money management publication, and other mainstream media outlets have been reporting on this issue since well before the election that turned the tide on Capitol Hill. In […]
FEHB Enrollment Begins
November 17, 2014
Open enrollment in the 2015 Federal Employees Health Benefits Program began November 10 and will run until December 8. Current federal employees, retirees and their families can select from a variety of plans throughout the country using the FEHB Program. As a federal employee, you are eligible for enrollment in the FEHB Program. Open season […]
Postmaster General Patrick R Donahoe is Retiring
November 14, 2014
Amid complex financial challenges facing the United States Postal Service, Postmaster General Patrick R. Donahoe announced today he will retire in February. Donahoe was appointed Postmaster General in October 2010. He will be succeeded by the agency’s chief operating officer, Megan J. Brennan, who will become the first female Postmaster General. “Pat was the calm […]
The $1258 Question When Choosing to Enroll in Medicare For Federal Employees
November 14, 2014
In 2015, Medicare Part B premiums will be $104.90 per month per person, or $1,258.80 a year. The good news is that’s unchanged from this year. The bad news is that feds who will turn 65 in 2015 will need to make a decision about whether or not to enroll in Part B and pay […]
Federal Workforce Increasingly Educated
November 11, 2014
According to new data gathered by the Office of Personnel Management, federal employees are continually looking for and taking advantage of opportunities to expand their education while building a career in public service. This year, OPM gathered information about the level of education government workers have attained, in addition to other types of demographic data. […]
