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May 19, 2024
Federal Employee Retirement and Benefits News
Federal employees with the Tennessee Valley Authority face a major pension deficit following a loss of almost $800 million in the pension fund investment this year. The TVA, a federal agency, reached a record-breaking $6 billion shortfall in their retirement benefits system. More than 23,000 federal retirees receive benefits from the TVA retirement system and
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The prosecutors that are hired by the federal government have started to make their voice heard by the common man and the government alike in the recent past and now they want Joey Meek, the person who was friends with the man that was held accountable for the shootings made in the Charleston Church earlier
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About TSP Contribution Limits Like every year, the internal revenue service commission of the country has made the announcement for the Thrift savings plan’s contribution limits for 2016. These limits are effective for the whole year and unexpectedly this year, there haven’t been any stark changes made. The annual contribution limits along with other retirement
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OPM and its cyber security has always been critiqued heavily by the federal employees and other experts of the game but there are not going to be many feds out there that will hold it against OPM because they have been taking as many steps to improve the infrastructure as they can. Although there have
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The federal government has always been liable for making some striking changes to the student loan propaganda and recently they have prepared to up the ante a bit too much (probably) by forgiving up to billions of dollars that were taken in as student loans. These will include all the doctors and the white collar
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President Obama has always been one for making outright decisions whenever it comes to hard situations and he is going to do exactly that when he goes ahead and places a ban on the hiring bias that the ex cons of the country have to face. A renewed order is in place to be pushed forward
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Federal employees have until December 14 to add, delete or otherwise change their federal health benefits through the FEHB program. Open enrollment is also available for qualifying federal employees and eligible family members (children—up to age 26– and spouses). Open enrollment season is the time for employees to make changes to their policies, reduce or
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Federal Agencies To Not Testify About OPM Hack The government’s personnel agency’s officers have out of the blue rejected that they possess any information about the recent OPM hack and have refused to become a part of the meeting to be held by members of the Congress behind closed doors. To make unaware people aware,
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The republicans have always been the ones that make the most demands when it comes to the federal government and in the recent presidential primary held by all the Republican candidates, most of them have stressed that the federal government should take more vigilant steps in ensuring that they actually assess the agencies they would
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The youth from all over the country have begun to throw law suits at the feet of many states and the federal government has been urged to show some enthusiasm over the climate change. The stand point of the youth is this: they don’t care about global warming causing harm to nature because they believe
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Federal employees at the Veterans Affairs Office a total of more than $140 million in bonuses for good performance during 2015, despite a number of widely-publicized scandals that have brought the spotlight on the office and resulted in several resignations. During a speech at the Veteran’s Day Observance at Arlington National Cemetery, President Obama urged
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Paid Post-Thanksgiving Holiday Coming Soon? The federal employees have made it a habit to demand (or request) for a day off after Christmas and most of the times (As seen in the past few years) the government haven’t waived off their request and granted them their wish. However this time round, the habit has gained
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The Government is retiring the last of the research Chimpanzees There have been some chimpanzees used by the government for scientific research purposes but now the National institutes of health has decided to send the final few research animals into federal retirement. These research chimpanzees include some that were present in the Texas facilities. They
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TSP Stock Funds Get See Gains Majority of the Thrift Savings plan funds saw huge rises in the preceding month of October. The fund that got the largest boost was the C fund. This was hugely unexpected but the commission that approved the change justified its decision and when you really look at it, it
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Federal Salaries 35% Less Than Private Sector Unexpectedly and some may say tragically the salaries of the private sector employees are a lot more than those of their federal employee counterparts that do similar jobs. The federal salaries continue to be 35 percent lesser than the private sector ones; this was confirmed by an advisory
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Possible New Bill to Discipline VA Employees Following a series of scandals within the Veterans Affairs offices, government officials are seeking legislation that would permit Bob McDonald, Veterans Affairs Secretary, to fire or discipline employees faster and more efficiently. If the bill passes, this could create an opening for other federal employees to face termination
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Federal Salary Council Releases Report Whether federal employees make too much or too little is a common topic of debate. One recent report by the U.S. Bureau of Economic Analysis, federal employees make about 78 percent more money than private-sector workers and over 40 percent more than state and city government workers. This
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What are the Changes To Thrift Savings Plans? Federal Retirees and employees can breathe a small sigh of relief as each of the Thrift Savings Plan funds were in the black last a month, a first since August and September’s less than stellar numbers. The C Fund showed the biggest gains with an increase of
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Great news for the economy. The Department of Labor (DOL) announced 251,000 new jobs were added to the employment rolls of the country in October. The Department of Labor announced over 250,000 jobs were added in October. The giant retailer Walmart might just deserve a gold star for boosting those numbers. In October Walmart
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Federal Employees Would Pay More For Pension Benefits A newly raised House bill will make the federal employees of the state pay a considerably larger amount for their future pension benefits. This has received polar critiques from different members but its aim is to relieve the employees of getting their assets confiscated and in turn
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