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April 19, 2024

Federal Employee Retirement and Benefits News

Tag: Federal Government

Federal government

The Federal Government of the United States is the operating backbone of the country which comprises of  President Obama at the top and encompasses all the constituent organizations and people down the line.

Fighting Veteran Homelessness Becomes Easier Thanks to a Big Grant

It’s been just a few days since we reported how the veteran homelessness has reduced considerably since 2010. Now, we have some more good news for veterans who are dealing with the problem of homelessness. The veterans of San Antonio have just gotten a big grant that would be used to find them a home of their own and fight veteran homelessness. Though the grant is very valuable, experts believe that homelessness of veterans is a constant challenge that cannot be resolved with a big grant.

The Grant to Fighting Veteran Homelessness

veterans affairs federal employeesThe problem of veteran homelessness would now be solved in a better manner thanks to the efforts made by the Texas Veterans Commission. A $550 thousand grant has been approved for veterans who are already homeless or those veterans who are on the verge of being homeless in the near future. The grant would be used to help such people living in San Antonio. The details of the grant and the announcement were made by Navarra Williams who serves as the SAM Ministries President. It is pertinent to mention here that this grant is the largest of its kind that is handed out by the Commission.

The Fight

The grant was offered soon after the proclamation which stated that there has been an end to veteran homelessness in San Antonio. But the fight against veteran homelessness has been ongoing and changing each day in San Antonio according to Williams. He revealed the fact that every few days a new homeless veteran from another place makes San Antonio his home or some veteran who had a temporary home loses it and becomes homeless again.

The Challenge

Williams also shared his thoughts regarding homelessness being a bigger challenge for veterans as compared to other people. He stated that it usually takes a bit longer for a veteran to get used to not being homeless as compared to non-veterans. The reason behind the difference is that a veteran often has to deal with some issues that are not present in a normal person’s life. Post Traumatic stress is one such issue that is commonly found in veterans but not in non-veterans as they have not been traumatized on the job.

It is being hoped that the grant for reducing veteran homelessness would help a few veterans get over these challenges and make a home for themselves.

Report Questions why Full Time Union Federal Employees are Paid with Tax Dollars

A new report has found out that several federal employees who work full time as the union employees are being paid from the taxpayers’ money. Experts believe that the report highlights how much control the federal governments have over the federal agencies. They also believe that the report shows that no one wants to change the status quo as everyone is benefitting from it. Some agencies are working hard to change the status quo so that the taxpayers’ money can be put to better uses.

taxesHow Many Federal Employees are Benefitting

The report was created through the Freedom of Information Act requests. It discovered that about 490 federal employees who work as full-time union employees are getting paid by using the taxpayers’ money. The report was recently published by the Americans for Limited Government Foundation. The vital report also highlighted the departments which had the most number of such employees. The departments of Education, Commerce, Energy, Homeland Security and Labor are among them. It also includes employees from the U.S. Postal Service and the Federal Aviation Administration.

The Money Spent

The report divulged that this practice has cost about $1 billion over the past 20 years and it was paid through the taxpayers’ money. The amount increased further if the money spent by the local and state government was also counted.

Experts Speak

Jared Labell, who is currently serving as the Executive Director of Chicago-based Taxpayers United of America shared his opinion on the report. He stated that the report clearly shows that unions have a lot of influence on the federal agencies and the agencies don’t seem to have any incentive to change. This practice is benefitting the labor unions, the politicians so no one wants to change it.

The Efforts

Labell stated that this issue of paying the federal employees working full time for the union by using the taxpayers’ dollars is highlighted by his organization at the state level so that some reforms can be enacted that lessen the influence of unions on the taxpayer-funded agencies. He said that by emphasizing the issue, his organization hopes to bring changes at the federal levels as well. He also expressed hope that other organizations would join in the effort so that the issue can get maximum exposure and the speed at which the reforms are expected can be expedited.

Philadelphia Residents Contributing Least Towards Retirement Benefits

A new research has proven that Philadelphia residents contribute the least amount of money towards their retirement benefits. They are hence less prepared for the retirement and may struggle financially in their senior years. The major reason behind the fewer contributions is that most employers don’t provide a provision of retirement savings to the employees. Officials agree that this issue needs to be solved as soon as possible.

Retirement Benefits

The Need to contribute more to Retirement Benefits

The research that says that most Philadelphia residents are less prepared for retirement as compared to the Americans living in other states was done for a city council committee. The committee aims to know how to improve retirement savings. The study was conducted and released by the Schwartz Center for Economic Policy Analysis on Wednesday. It was divulged during a hearing conducted by Council’s Committee. The hearing was on Labor and Civil Service.

The Current Situation

During the hearing, several witnesses testified to the fact that there is a retirement crisis in the U.S. The witnesses also stressed that the retirement crisis in Philadelphia is particularly troublesome. The study exposed that about 20 percent of retirees in Philadelphia are poor and about 30 percent have incomes between 100 & 200 percent of the federal poverty level.

The Reason

Anthony Webb who works at the Schwartz Center for Policy Analysis stated that the reason behind the Philadelphia’s people saving less for retirement is that the employers who offer retirement plans are very few. Even those who offer a plan don’t always participate in the plans. He also added that a high proportion of seniors are nearing closer to poverty and the people who are working right now are also at a high risk of retiring in poverty.

Need For Action

Webb also stressed on the need to offering a retirement plan to people who don’t have any yet. He stated that offering a retirement plan may not help them to have a retirement of their dreams but it will definitely help them to get away from the poverty and near poverty situation they are facing right now. He insisted that the sooner an action is taken in this regard, the higher would be the number of households that get help. When a swift action is taken, they will be able to save a bit more money towards retirement benefits.

Federal Employees May Lose Access to Free Yoga Classes

Federal employees who have been enjoying free yoga and Pilates classes as a fringe benefit of their job may have to lose this benefit soon. A US senator has introduced legislation to stop these classes. He has introduced a bill that wants the government to stop spending money on these classes in order to stop wasting the money of the American taxpayers. The bill was introduced after another senator pointed out a few ways in which the government was wasting taxpayers’ money.

Legislation that Impacts Federal Employees’ Fitnessfederal employees

Republican candidate, Sen. Matt Salmon has recently introduced legislation that aims to stop government agencies to stop spending money on the yoga and related classes of federal employees. He stated that the federal government agencies were spending more than $150,000 on these exercise sessions of employees. The figure was counted since the year 2013. The legislation is H.R. 5242 and it is a part of the Shrink our Spending Initiative taken by Salmon.

Not Competing with Startups

Salmon issued a statement in which he said that startups are offering unique benefits to their employees because they want the employees to play a role in developing the business with a new culture. But the bureaucrats in Washington are paid by the hard-earned money of the taxpayers and these sorts of fringe benefits are a waste of dollars taken away from all the American families. He also pointed out that the government should stop trying to be like Google because it isn’t like any private sector company.

The Spending

A press release from Salmon’s office has recently revealed that the two agencies, Department of Energy and the State Department have spent over $168,000 on Pilates and yoga classes of employees in the last 5 years. Out of the $168,000, the Department of Energy awarded over $30,000 in grants to employees for yoga services since the year 2013. The Energy Department also spent $11,000 to offer Pilates classes just to the employees working in California.

The Data Source

The amount of money spent on yoga and Pilates classes of federal employees was first highlighted in the report presented by Sen. Rand Paul (R-Ky.) that was offered recently. The report declared that the federal government was bending over backward to waste the taxpayers’ money. It is believed that the bill was introduced by Salmon in response to that report only.

Federal Government Shells Out $18 Million to Destroy Marijuana

The federal government has spent a lot of money on eradicating illegal marijuana in the last year. The eradication efforts even went on in the states that have legalized marijuana for adults. Several lawmakers are asking the government to use the eradication funds towards more productive programs such as domestic violence but there have been no positive developments in this regard.

The Money Spent by the Federal Government

The federal government has spent about $18 million in the cannabis eradication program in the year 2015. The Drug Enforcement Administration’s controversial program details were shared by the administration. It also said that federal, state and local authorities evacuated about 4.1 million cultivated marijuana plants that were present in all 50 states.

In 2014, the number of plants was 4.3 million. The money spent by the federal government in 2014 was about the same. The cost of destroying a plant comes down to $4.42 in 2015 while it was $4.20 in 2014.

The Program

The program allows local and state law enforcement agencies to search, seize, and destroy illegal marijuana plants in the USA. A large amount of money to fund this program is offered from the asset forfeiture fund of the Justice Department. The program money is also used to employ helicopters to scour the countryside areas for the production of marijuana.

The Better Use of Funds

Rep. Ted Lieu, D-Calif. Along with a small group of lawmakers had tried to pass a legislation that aims to redirect the funds involved in marijuana eradication into more productive uses like the domestic violence prevention programs. They were unsuccessful in their efforts and their leader still thinks that marijuana must be removed from Schedule I classification and DEA must not allow the wasteful eradication program to go on for long.

States that have Legalized Marijuana

The eradication operation was also conducted in the states such as Oregon and Washington that have now legalized marijuana use for the recreational purpose by the adults. In Washington only, about 36,000 plants were done away with and the cost of it came ou to about $950,000. It means that the DEA spent about $26 per plant.

States Not Accepting Federal Government Help

There are states like Colorado and Alaska that refused to use the federal government funds to do away with the illegal marijuana plants. They stuck to removing the illegal marijuana plants on their own.

Federal Government Cyber Security Still the Worst: Report

The federal government, state governments and even the local governments, still have the worst cyber security protocols when compared to the major private industries. The report also highlighted which agencies and sectors were the best performers and which were the poorest performers.
Federal Government Agencies’ Performance

Many federal agencies were among the poor performers as they got a low score on software patching flaws and malware, as well as, network security. NASA was most vulnerable to malware intrusions and email scams. It ranked last place in the performance chart.

The Report

The report was generated by SecurityScorecard, which is a venture-backed security risk monitoring startup. The report was prepared after measuring the current cyber security of government and private industries such as retail, healthcare, transportation, etc. The performance was measured by variables such as exposure rates of passwords, susceptibility to social engineering and defenselessness against malware infections. The report included low-performing government agencies and surprisingly, The U.S. State Department was on that list.

Worst Industries and Regions

The three industries that have the worst cyber security include pharmaceutical sector, telecommunications, and the education sector. The worst performing regions were Washington, Connecticut, Maricopa County, Arizona and Pennsylvania.

This new report has once again highlighted the government’s inability to keep its cyber security up to the mark. The government faced a lot of criticism last year when OPM was hacked and data of nearly 22 million Americans was leaked due to poor cyber security.

Best Performers

Though there seems to be major loopholes in the government cyber security initiatives, there are some government agencies that performed well on the security scores. The Hennepin County Library in Minnesota and the U.S. Bureau of Reclamation were among the top performers. The regions that have good cyber security are Nevada and Clack County.

 

The Measures

The federal government has taken some measures to deal with the cyber security issues. The foremost have been the Obama government’s decision to seek $19 billion towards cyber security for the fiscal year 2017. The amount if approved would include $3.1 billion to be spent on technology modernization of several federal agencies.

New Mexico to Sue the Federal Government

The state of New Mexico has decided to sue the Federal Government because the government is releasing Mexican gray wolves into the wild. The New Mexico Game Commission had denied the federal government the permission to release the wolves and yet the government posted on an official website its intent to release the wolves.

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Details of the Lawsuit Against Federal Government

The New Mexico Department of Game and Fish has directed its lawyers to file a notice of intent to sue and they have done so. The decision was taken after the U.S. Fish and Wildlife Service made clear that it intended to release more Mexican gray wolves into the wild. This has been a sensitive topic for some time as last year the state denied the federal government the permission to release the wolves.

Federal Government’s Stand

The U.S. Fish and Wildlife Service believe that the wolves need to be released into the wild so that the endangered species could recover. The agency posted its intention to do just that on its website and wrote about releasing a pack of pups which were born in captivity in New Mexico in order to help the pups reunite with their kind.

The agency also hopes for cross-fostering of pups with packs that are already in the wild. If that happens, it will improve the genetic diversity of the wild population in Arizona, as well as New Mexico. The agency is eager to release the pups this year only.

The Long Dispute

The agency is taking this step despite the fact that the New Mexico Game Commission did not give a nod for this release. The decision to reject the federal government was taken after months of discussing the matter.

The Authority

The U.S. Fish and Wildlife Service also stated that the authority with regard to this matter lies with the federal government and not the state so it has no intention of backing out of the plan to release the wolves.

No Official Reaction

Bob Ricklefs, who serves as the New Mexico Department of Game and Fish commissioner, stated that the commission has no official reaction on the federal government’s move but that they are not surprised. It will be interesting to see who surpasses the other in this game of power. As of now, the federal government seems to have an upper hand.

Federal Government Advises to Uninstall Apple’s QuickTime Program

Apple’s popular program QuickTime is now perceived as a threat by the federal government. The Department of Homeland Security suspects it can become a tool to hack a Windows computer. The DHS is urging people to uninstall it as soon as possible. Apple is also helping people uninstall it by not updating it and giving instructions on how to uninstall it.

Alert Sent by the Federal government

As soon as the DHS realized that the program is a potential threat to every US citizen, it sent an alert telling all Windows customers to uninstall the program. The unsupported software is said to be vulnerable to viruses and hacks according to the DHS officials. The alert stated that the only solution to this major threat was to uninstall the program quickly.

Apple’s Role

Apple is not providing support for the software anymore and it has also decided not to add any security updates for the software. The company made these decisions despite knowing that the software has two vulnerable points that may allow hackers into people’s computers.

The last update related to the software came in late January this year. The company has also been fixing software bugs regularly for a few years. Apple’s last QuickTime release for windows was in 2005, and since then, the company seems to be pulling off from the responsibility of fixing the software or enhancing it for windows users.

It is an interesting fact that although DHS and Apple are encouraging Windows users to uninstall the software, it is still available for download. For people who need assistance in uninstalling the software, Apple has dedicated a whole page filled with the instructions on its website.

QuickTime and Mac

Apple is not pulling off the software for Mac Users. In fact, apple delivered a sizeable QuickTime upgrade for Mac OS X in the year 2009 and its support and security updates are still active.

Getting Support

The federal government or DHS’s alert to remove the software is not the only request to the Windows users. A security company by the name of TrendMicro has also blogged that QuickTime is very vulnerable to cyber attacks. The security company made it clear that there have been no such attacks so far, but it would be wise to remove the software from Windows anyway.

Federal Government Helps Disabled People Get Rid of Loans

The Obama administration is working towards ensuring that all the people eligible for the federal loan forgiveness program are identified and assisted through the process. The federal government wants disabled people to know of their eligibility and smoothen out the process for them so that maximum people can benefit from it.

Steps taken by the Federal Government

The first step taken by the government is to ensure that disabled people know that if their loans, such as student loans, are forgiven, it would have no impact on their social security payments or disability payments. Another vital step is to initiate a new process so that disabled people eligible for the forgiveness program are better identified and helped in getting the benefits.

The Beginning

President Barack Obama initiated the change last year when he called for a more streamlined process with regard to his Student Aid Bill of Rights.

The Process

The Education Department has already begun the process of identifying people who are totally disabled, cannot work at all, and eligible for the forgiveness program. The department also worked in conjunction with SSA to create a list of people who are permanently disabled, receiving disability payments and also have student loans.

The Flaws

Ted Mitchell, who serves as the Under Secretary of Education has recently stated that only a small amount of borrowers have been taking the benefits offered by the forgiveness program. He said there can be two reasons behind it. First is that people are unable to apply for the program because they don’t know about it. The second can be that the process of applying might be too complicated.

Mitchell gave an example of the second reason by saying that a woman dealing with breast cancer side effects that left her to be completely disabled tried to get her debt discharged. Unfortunately, it cost her 7 long years to get through the process. He added that it should not be like this. The government must reach out to such people and take the worry regarding the loans off their plates.

The Action Plan

The action plan of the Education Department is quite simple. They would send letters to about 387, 000 people who are eligible for the forgiveness of loans of about 7.8 billion. The letters would be sent from Monday and would inform the recipients that they are eligible for loan forgiveness. The letters would also have an application attached to it which just needs to be signed in order to avail this benefit.

A&P pensions toned up by a federal agency

A federal agency has been a topic of many of the news as it has announced to pick up the pension plans of over 21 thousand retirees of the dysfunctional A&P chain.

Federal agency picks up 21 thousand retirees:

The U.S Pension Benefit Guaranty Corporation claimed that the pension plans that are responsible for covering a multitude of the retired officers from the defunct stores up at Lower Hudson Valley will not get bailed out.

The agency expressed their thoughts on the matter in a statement that they made this past week. They said that the New York Jersey Amalgamated Pension Plan that will be available to the A&P retirees and employees has not yet been put to bed and it’s a continual process. They then added that the pension plan for the retirees has been facing a stark 182 million dollar plus deficit and they intend to pick that up, for good and sooner rather than later.

The supermarket chain that was operational for over 150 years went bankrupt last year after failing to cope with the decreased numbers of patrons. On June 19, they decided to sell off stores across the whole country when the 20 affiliates and A&P decided that they can no longer sustain being in operation. Most of the stores located in Rockland, Putnam and Westchester counties were sold off to Key Foods and Acme Markets.

While the closing down of a famous American chain is tragic, this realization by the federal agency is called for but really should be appreciated. The retirees who worked throughout their lives with devotion for the company deserve to be compensated for their efforts. Let’s all hope that the shortfall is catered for as soon as possible and they get the benefits and the money that they rightfully deserve.

 

Federal Government Likely to be Sued by a Bunch of Kids

A couple of kids suing the federal government may seem like a joke to some, however, there is a case that has garnered considerable attention. This case is now much closer to a trial because a federal judge has approved it. The core of the matter is that the kids believe that the government is damaging the environment by allowing extraction of harmful fossil fuels on public lands.

Federal Government Defense Rejected

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The government fossil fuels groups requested the court to let go of the case but their request was denied by Judge Thomas Coffin. The case is filed by twenty one youngsters between the ages of 8-19 who claim that the government is making a mess of the planet and it will harm the future generations worse than ever. The case which has been called as one of the most significant cases of the US history is another step closer to the trial now.

Another Hurdle

Though the major hurdle has been crossed, there is one more that remains. This hurdle is a review that is to be done by another judge. Most of the supporters of the case believe that the hurdle that has already been passed was the major one and they are hopeful of not facing any trouble in passing the review.

A Victory

It is a known fact that the case is still far away from completion but a major part of the victory for the children is the growing media attention. They have compelled people to think about climate change differently.

The case also highlights that the upcoming generations are being discriminated against as far as the U.S. propagation of climate change is concerned. They are the ones who will deal with climate issues such as heat waves, droughts, floods, rising seas, extinctions, and yet, they have no say in the political system that is continually leasing federal properties for extracting fossil fuels and increasing pollution.

The Agenda

The agenda of the entire case is to push the federal government to come up with a great plan to deal with climate change. The solutions that have been suggested by the government are not enough to meet the goal of helping the world stop warming at less than 1.5 degrees Celsius above the pre-industrial levels. Another vital step that is required is to get rid of all the fossil fuels by 2050.

Federal Government Foresees a Sicker USA Ahead

A recent report released by the federal government has revealed that the man-made global warming issue will make Americans sicker in the future. The report also highlighted that mental health will also worsen due to the global warming. Experts believe that summers will be the worst season to bear and the government will need to take some measures to deal with the rising effects of global warming.

Details of the Federal Government Report

The report released by the Obama administration consists of 332 pages. It states that global warming will continue to make the food dirtier, the water contaminated, and the air impure. The report also says that diseases carried by mosquitoes and ticks will increase, allergy seasons will expand, and the death toll from heat waves will touch thousands.

Mental Health Affects

Gina McCarthy, Chief of Environmental Protection Agency was the one to release the report and she said that climate change would harm people’s mental health too. Global warming is just not about the melting ice caps and polar bears. It’s about the future of the Americans and their families as well.

Experts Speak

Surgeon General, Mr. Vivek Murthy has stated that the climate change now affects people in more ways than ever seen in the past by the doctors. He also added that this report would help the doctors to quantify the number of pathways through which climate affects the health of people. The pathways include air pollution that is worsening from wildfires, pollen and power plants. He also added that the poor quality of air makes it difficult to breathe and it’s scary for children as well as their parents.

The Dean of George Washington University’s public health school, Mr. Lynn Goldman seems to have seconded Murthy’s ideas when he said that Asthma, which is the topmost reason why children go to the hospital, is worsening due to more allergens and heat.

Summers are the Worst

Mr. John Holdren, White House science advisor stated that summers are the worst for people. Though there has been some reduction in emissions of heat-trapping gases, he says that the US still faces thousands of heat-related deaths every year. He also said that the state local or federal government is not making enough efforts to deal with the problem. He thinks that there is a huge gap between the seriousness of the problem and the response presented by the government health agencies.

Federal Government to Overhaul the CPS of Texas

As the number of child abuse cases are rising continually, it is expected that the federal government will step in to solve the problem by figuring out its root cause. A U.S. District judge has decided to appoint two experts to solve the problems related to the CPS that makes children vulnerable to abuse or neglect by the system. The experts would start their work soon.

Why is Federal Government Support needed?

The help of the federal government is a requirement because the number of child neglect and child abuse cases has increased substantially in the last fiscal year. About 8,000 children became vulnerable to abuse or neglect in San Antonio only.

Though CPS is trying hard to fix the situation, a federal judge has hired two experts to provide a solution as well. It is estimated that the experts would recommend hiring more caseworkers and examining the foster group homes in a better manner so that all the kids get the attention and care they deserve.

Experts Speak

The CEO and President of Child Advocates San Antonio, Mr. Rick Cooke also gave his opinion on the matter. He admitted that the Foster system of Texas is wrecked. He stated that there are more than 5,000 kids in the foster care system of Bexar County right now and over 2,000 of them are in long-term foster care.

He also added that they are branching out, adding more team members and investing money to make sure that the kids stuck in long term-foster care obtain adequate support. He also revealed that there are over 66,000 kids in the foster system in Texas State.

The Judgment

The plight of the foster care system was highlighted by Janis Jack who is a U.S. District Judge in December last year. He stated that the foster system needs help. It’s putting many kids at the risk of neglect and abuse as the number of caseloads is quite high. The matter came to his attention when a lawsuit involving about 12,000 children was presented.

Jack revived his efforts to help the foster system by appointing two special masters last week. The experts would study the current system and provide a few recommendations for change. The recommendations are expected to be implemented as soon as possible. It is forecasted that these federal government experts would begin the work from April 1, 2016.

GOP budget can change your pay and benefits, learn how

The House republicans submitted the GOP budget plan for the coming fiscal year this past week and there are some familiar proposals hidden in there that might not appear at first sight. Every fiscal year, the members come up with a plan to operate during the next fiscal year and this year, they have drafted and sent in their proposal already.

THE GOP BUDGET MIGHT CHANGE BENEFITS:

There are 3 notions that are talked about in this article that might intrigue the federal employees more than most. They might find their pays and retirement benefits to get changed in the recent future. Here are those 3 clauses:
1. TSP’s G fund cut by the interest rate:
There aren’t many details that aren’t vividly mentioned in the proposal but we do know that the way the Thrift Investment board for the retirees makes the average interest rate calculation is going to get altered. The proposal said,
“The resolution assumes savings by correctly aligning the rate of return on U.S. Treasury securities within the Federal Employee Retirement System’s Thrift Savings Plan with its investment risk profile”

2. Reform the civil service pensions:
House republicans have once again made the suggestion that the Congressional members, their staff and the federal employees make substantial contribution to their pre-defined retirement benefit plans. The budget resolution has made the recommendation of adapting the retirement contribution plans that are very prevalent in the private sector while citing a proposal that the President released regarding National Commission on Fiscal Responsibility.

3. Enough with the much talked about SS retirement supplement:
The budget proposal has also proposed an end to the retirement supplement of the social security which contemporarily gives the federal employees who retire early the capability to avail the similar benefits until they become ineligible for social security.

New Mexico state investments affected by market turbulence

Some of the Retirement and permanent investment funds’ managers from New Mexico are saying that they have been observing a balance recovery this month after a rather unfavorable start to the year.

NEW MEXICO STATE INVESTMENTS AFFECTED BY MARKET TURBULENCE:

The Public Employees Retirement Association and the Educational Retirement Board manages the funds that are associated with the lives of retirees very closely. The balance fell by around 750 million dollars in the start of the year and it looked highly unrealistic for the funds to meet the targets set last year of over 7 percent.
The Public Employees Retirement Association reported the balances to be down 5.5 percent for the starting 7 months of the fiscal year and the figure ended at 13.4 billion dollars. The association is responsible for managing the retirement savings of county and state employees, including judges, magistrates, firefighters, state lawmakers, police and volunteer firefighters.
Jonathan Grabel who is the Chief Investment officer said that the losses have been dawned upon them because of the change in the global markets. He said that there has been some challenges faced worldwide and that’s what led to the current situation. He mentioned the global economic showdown and the divergent rate tactics by the U.S. Federal Reserve and European Central Bank.
The assets’ value that was managed by the current council amazed everybody by rebounding from 19.2 billion to around 19.8 billion during last week, which is a substantial advancement.

There are other figures that show great promise related to these funds and it’s expected and hoped that they are only going to get better with each passing month. The managers and the administrators are doing their best to make sure that the output isn’t as grim as it was during the start of the year and we wish them the best.

Retiring DC federal judge replaced by new chief

A new chief judge was appointed this past week by the District’s federal court after former Federal judge Richard W. Roberts announced his retirement pertaining to some unrevealed health problems that, according to him, forced him to retire.

DC FEDERAL JUDGE REPLACED:

This early retirement though has a little more to the story than what the preceding sentence reveals. Recently, a woman from Utah accused Roberts of assaulting her sexually many decades ago when she was just a 16 year old murder trial Witness under Roberts’ prosecution. This along with the misconduct complaint being filed by the Utah Attorney general’s office on March 7th constitute the series of events that we believe led to the retirement of the judge before time.
Roberts’ attorneys have disregarded the allegations made by the woman and have labelled them categorically false. They did also mention that the Judge indeed had a relationship with the woman but it was after the trial had ended and it was mutually consensual so there was no conflict of interest or coercing involved.

These allegations completely marred the retirement of a 63 year old veteran judge who would otherwise expect to get lauded after his departure from service. While the case is still in progress, we believe that whatever the truth is, it comes to the knowledge of the general public sooner rather than later.
While Roberts’ reputation and life virtually hangs on the balance, his service to the nation can never be undermined. He has been serving with his decisions for a quite long time now and we hope that this blemish on his coat does end up being insignificant and misplaced. If however, there is truth to the allegations, there should be a punishment for him regardless of anything. We just hope that the justice system plays its rightful part in Roberts’ case.

Federal Government Empowers Women as Small Business Owners

Women-owned small businesses are constantly on the rise. This change has helped the federal government award 5 percent of all contracts to them. This is an achievement for the government which is trying to reach this goal for the last 20 years.

The Announcement Made by the Federal Government

Administrator for the U.S. Small Business Administration (SBA), Maria Contreras-Sweet along with Nydia Velazquez (Congresswoman), Valerie Jarrett (Senior Advisor to President Barack Obama) and two other members made the announcement. They shared that the government has awarded 5 percent of the contracts to women-owned small businesses (WOSB) and the total worth of these projects amounts to 17.8 billion.

The Goal is Still Far Ahead

Contreras-Sweet also added that the achievement of five percent goal is just a foundation that needs to be built upon. She said that an SBA-commissioned study has exposed that though WOSB employs eight million American workers but still they lag behind in getting ample capital and contracts.

Hence, the SBA has announced to increase its categories. It now has 36 new industry categories where women can have the opportunity to win sole-source awards and set-aside contracts. This step would help expand the women-owned businesses, the jobs and new industries will be created.

Past Initiatives

The practice of empowering women-owned businesses is on the rise. Two key initiatives were launched in this regard. They are called Give Me 5 and ChallengeHER. The latter was initiated in 2013 by the Women Impacting Public Policy (WIPP). It aimed to ensure that women-owned small businesses participate in the Federal procurement process. Resources of WIPP, SBA, as well as American Express OPEN, were utilized to promote the initiative.

The other initiative, known as the Give Me 5 Program was a brainchild of American Express OPEN and Women Impacting Public Policy (WIPP). This program was aimed to make sure that women business owners get the knowledge necessary for applying and attaining government procurement opportunities.

What is WIPP?

It must be added here that WIPP is a unique national nonpartisan public policy organization that represents about 78 business organizations and 4.7 million business women. The organization works to ensure that working women and their businesses are empowered. It is done by providing a joint model for the private and public sectors. The organization even has a government relations team that helps them to interact with the federal government workers easily.

Wind Energy Gains Momentum in US

Wind energy has been in the news for quite some time now. The supporters gave a second huge blow to the critics after the federal government gave them an approval for the transmission line intended to serve the wind power sector.

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WIND ENERGY SITUATION GAINS MOMENTUM:

The department of energy has used the Energy Policy Act (2005)’s mandated authority for the first time in the bid to enable cooperation between the public and the private sector regarding rejuvenated electricity transmission programs by joining a U.S. South slated line.

The development which was led by Clean Line Energy Partners will help bring about around 4 thousand megawatts of power solely generated by wind and able to be used in Texas and Oklahoma via a 705 mile power line. This would be able to cater to the needs of around 1.5 million homes in the radius.
The director of the Southern Wind Energy Association, Simon Mahan, expressed his excitement on the development and said, “High voltage direct current transmission projects that allow for the import of substantial quantities of low-cost wind power are an important component of the clean energy strategy for utilities in the Southeast.”
Data that was released this past week by the Energy department depicted that around 41 percent of all the electric generation capacity was accounted by the wind power. When we consider states, Oklahoma and Texas were among those that were at the top of the list with regards to the new installation.

The Oklahoma company Pelco and the Clean Line Energy Partners have reached an agreement of around 300 million dollars and they are all set to build the infrastructure that will be needed to use wind power as an electricity raw production material.
While this is good news, we will have to wait for some time to see how this situation develops.

Too many expired visas Federal Government doesn’t know about

federal governmentThe New York Times have recently indicated that the federal government of the country is unaware of the number of foreigners that have stayed in the US despite their visas running out. This has been a problem for a while with the immigration system now.

Federal government unaware of the residing overstayed immigrants:

This issue came to universal attention when some members of Congress asked a homeland security official about the number of people that have overstayed their visas, and she was not able to give a vivid answer.

In this regard, it is worth noting that the last time Congress received some numbers on overstays (that were authentic) was way back in 1994. Mark Meadows was infuriated with the situation and how poorly it was being handled. He said that if we aren’t even aware of the number of culprits then how we are ever going to catch them. He further raised his concerns on the fact that the last time Congress was given a number was back in 1994.

Congress have always been demanding the number for quite some time now, and it got significantly dangerous after the 9/11 incident as two of the terrorists had expired visas. These figures though have still not reached Congress, and this highlights a giant hole in the security of the country.

It’s needless to say that this matter requires the immediate attention of the Homeland Security Department and that the sooner they give Congress a number, the better it’s for everyone. People that don’t consider it fit to renew their visa are either too poor to do so and are hampering the economy of the country or are too negligent even to care. In both the cases, it’s of paramount importance that they get pointed out and subsequently dealt with in whatever way fit.

 

Higher borrowing costs in 2016 for some cities

The interest rates never seem to see a decline and they never cease to rise either. Some cities of the country might have to pay even higher interest rates in order to borrow money as the borrowing costs are set to increase during 2016. These cities are faced with a lot of pressures because their public pensions are not funded a substantial amount and because of some new rules that are going to impact the investment returns for the year.

Higher borrowing costs throughout 2016:

The bond market of the country is worth at around 3.7 trillion dollars for the coming year, as indicated by some market analysts. The investors are going to be demanding a lot more compensation for their money than ever before and it is looking very shady for the people that have to borrow every now and again because borrowing costs are obviously going to increase as well. The senior portfolio manager at the Federal Investors, R.J. Gallo said that the general bonds in his opinion don’t possess the meagreness that would be required in order to compensate for the renewed surge of information that they are going to get.

Where this is a political scenario, once again the ones that are going to get crushed under the number games are going to be the general population. It’s not expected that things are going to turn out any different and apparently the next year, you will have to think thrice before going out and getting a loan. Here’s hoping that the costs don’t get a little too high and out of reach for the common man because it’s futile to hope that they are not going to go up at all.

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