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7:13 pm, April 16, 2014

Pay and Benefits News

Learn more about your TSP

Greg Long, executive director of the Federal Retirement Thrift Investment Board, and Kim Weaver, the TSP's director of External Affairs will answer your calls and emails about the TSP.
October 7, 2013

Monday - 10/07/2013, 07:43pm EDT
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DoD to bring back most employees from shutdown furlough

The Defense Department says it's decided it has the legal authority to bring most of its civilian workforce back from furlough even as a government shutdown persists. But the Pentagon warned that unless the shutdown ends soon, many of those employees will have nothing to do.

Saturday - 10/05/2013, 09:01pm EDT

Shutdown: It will get worse before it gets better

Think you've seen the worst effects of the government shutdown? Think again, says former DHS CHCO Jeff Neal. As time goes by, more people will be impacted.

Friday - 10/04/2013, 05:54pm EDT

House approves backpay for furloughed feds

The House approved a bill to ensure furloughed federal workers receive backpay once the government shutdown ends. The vote on the Federal Employee Retroactive Pay Fairness Act was 407-0. Twenty-five members didn't vote. The measure now moves to the Senate, where it is expected to pass. Sen. Ben Cardin (D-Md.) had introduced a Senate version of the bill earlier this week.

Friday - 10/04/2013, 01:04pm EDT

Affordable care is here

On this week's Capital Impact show, Bloomberg Government analysts will discuss signficance and impact of the Affordable Care Act.
October 3, 2013

Thursday - 10/03/2013, 10:27pm EDT
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How will the shutdown affect feds' benefits? 4 things to consider

Many feds are also confused and concerned about how the shutdown -- especially if it's prolonged -- will affect their benefits. Federal News Radio dug through guidance provided by the Office of Personnel Management and other agencies and consulted with the experts to bring you some of the answers to the most-asked questions.

Thursday - 10/03/2013, 04:03pm EDT

OPM final rule: Lawmakers, staff eligible for gov't contribution in exchanges

The Office of Personnel Management has made it official: Lawmakers and their staff members are required to purchase health insurance from one of the Affordable Care Act's health-insurance exchanges --but the government will still contribute toward their premiums. OPM issued the final rule, which goes into effect immediately, Wednesday.

Wednesday - 10/02/2013, 04:47pm EDT

Shutdown sparks furlough confusion, unanswered questions

With day one of the government shutdown over, furlough notices are out and some feds have been sent home. But the answers aren't as clear cut as they might seem, as employees at one federal agency have discovered.

Wednesday - 10/02/2013, 01:06pm EDT
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TSP bounces back in September after end-of-summer slump

After tanking in August, all the funds in the Thrift Savings Plan bounced back last month, according to data from the Federal Retirement Thrift Investment Board.

Wednesday - 10/02/2013, 12:19pm EDT

DoD works out how military pay bill will impact civilians

President Obama signed a bill at the dawn of the government shutdown, and it could significantly increase the number of non-uniformed military employees exempt from furlough during the shutdown. So far, the Defense Department has sent no signals on how it would choose to enact the provisions.

Wednesday - 10/02/2013, 05:41am EDT
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Lawmakers still get a check, even in shutdown mode

Lawmakers still get a check during government shutdown, even as work on Capitol Hill slows

Wednesday - 10/02/2013, 05:02am EDT

Senate clears bill to pay military in shutdown

Senate clears bill to pay military in case of shutdown

Tuesday - 10/01/2013, 10:20am EDT

USPS says overhauling health benefits key to postal reform

The cash-strapped U.S. Postal Service says it can return to being profitable and begin to pay down its debt if Congress gives it the authority to overhaul its health benefits structure. Postmaster General Pat Donahoe told the Senate Homeland Security and Governmental Affairs Committee Thursday that launching a postal-specific health care plan would help save the agency $8 billion annually through 2016.

Thursday - 09/26/2013, 05:45pm EDT

Health premiums up 3.7 percent -- or is that 4.4 percent?

Health insurance premiums on average are going up next year. While the increase isn't as high as many experts predicted it will still be a jolt to feds who have been on a pay raise diet for the past three years, Senior Correspondent Mike Causey says. Then there is the question of whether that "average" increase is 3.7 percent or more like 4.4 percent?

Thursday - 09/26/2013, 02:00am EDT

McCaskill wants more oversight of SES bonuses

Sen. Claire McCaskill (D-Mo.) wants to know whether many of the federal government's Senior Executive Service members are deserving of the bonus payments they receive. McCaskill, who chairs a Senate subcommittee on financial and contracting oversight, wrote to the head of the Government Accountability Office, asking the watchdog agency to investigate whether bonuses paid to SES employees involved in contract management are effective tools in reducing costs or improving contract performance.

Wednesday - 09/25/2013, 06:53pm EDT

Federal health premiums to rise 3.7 percent in 2014

Health premiums for federal employees are going up an average of 3.7 percent, according to the Office of Personnel Management. Postal Service employees, who separate negotiating rights over premiums, will see, on average, a 3.8 percent increase.

Tuesday - 09/24/2013, 11:36am EDT

Increase in fed pension contributions part of GOP debt ceiling deal

A leading set of proposals comes from a House GOP leadership office and was circulating on Washington's K Street lobbying corridor on Monday. It includes a plan to increase pension contributions of federal civilian workers by up to 5 percentage points and lowering the federal match accordingly, which could help defray the deficit by up to $84 billion over a decade.

Tuesday - 09/24/2013, 01:20am EDT

TSP board OKs budget increase, laying groundwork for overhaul

Members of the Federal Retirement Thrift Investment Board approved a nearly 18 percent increase in the agency's budget for the coming fiscal year that will help lay the groundwork for a wholesale overhaul of the TSP participant experience, board officials say. The single, new initiative included in the 2014 budget is the first in a series of steps built around redesigning the entire participant experience, the board's executive director, Greg Long told board members.

Monday - 09/23/2013, 06:27pm EDT
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What creates the need for insurance (with a focus on life insurance)

Financial advisor John Jilek gives advice on how to maximize the value of your insurance plans.
September 23, 2013

Monday - 09/23/2013, 01:29pm EDT
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TSP board updates rules to recognize same-sex marriages

Updated Thrift Savings Plan regulations would allow the same-sex spouse of a TSP participant to collect death benefits as long as they were married in a state that recognizes same-sex unions, regardless of where they live currently.

Friday - 09/20/2013, 06:51pm EDT
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