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10:36 pm, July 11, 2014

Pay and Benefits News

TSP's multimillion-dollar plan calls for more customized experience

The Federal Retirement Thrift Investment Board kicked off this week a multimillion-dollar plan to revamp the Thrift Savings Plan. The $2.3 million initiative, which was approved by board members last month, calls for TSP officials to broadly survey participants on the services and offerings they desire as well as how the TSP stacks up against other plans, including those in the private sector.

Tuesday - 10/15/2013, 11:14am EDT
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Estimates point to slight COLA hike

Preliminary figures suggest next year's benefit increase will be roughly 1.5 percent, according to an analysis by The Associated Press. The increase will be small because consumer prices, as measured by the government, haven't gone up much in the past year.

Monday - 10/14/2013, 12:35pm EDT

Shutdown delays COLA announcement

Millions of federal retirees will have to wait to find out the size of next year's cost-of-living adjustment. The Labor Department says it won't report inflation statistics on time this month, which will delay the Social Security Administration's COLA calculation.

Friday - 10/11/2013, 01:11pm EDT

Obama signs bill to pay military death benefits

Amid controversy, Obama signs bill to pay military death benefits during government shutdown

Friday - 10/11/2013, 06:00am EDT

GOP Lawmakers lambaste DoD over shutdown furloughs

Nearly all of the Defense Department's civilians are now working, despite the government shutdown. Many members of Congress believe none of those civilians should have been furloughed to begin with. DoD remains unsure how to address contractors under the Pay Our Military Act.

Friday - 10/11/2013, 04:07am EDT
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Financial planning tips for furloughed feds

Tammy Flanagan, Karen Schaeffer, and Bob Leins discuss what furloughed federal workers should be doing to protect their financial assets.
October 14, 2013

Thursday - 10/10/2013, 07:09pm EDT
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Fed groups get in front of COLA calculation debate

The National Active and Retired Federal Employees Association, the Military Officers Association of America, the American Foreign Service Association and others rally against any potential or real proposals to change how the government calculates cost of living adjustments. The groups propose using the CPI-E formula to measure the impact of inflation on retirees, veterans and others.

Thursday - 10/10/2013, 05:57am EDT
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Protecting your TSP account during the shutdown

Certified financial planner Arthur Stein will provide tips on how to protect your retirement nest egg, and Federal Times Senior Writer Sean Reilly will give us the latest on the government shutdown.
October 9, 2013

Wednesday - 10/09/2013, 08:06pm EDT
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White House expects to fix military death benefit

White House expects fix for military death benefits denied because of government shutdown

Wednesday - 10/09/2013, 08:00pm EDT

Pentagon says foundation to pay death benefits

Defense Secretary Chuck Hagel says he was "offended, outraged and embarrassed" the government shutdown prevented DoD from providing death benefits for its service members.

Wednesday - 10/09/2013, 04:20pm EDT

VA chief: Shutdown could hit millions of vets

VA secretary says millions of veterans would be hit by shutdown extending into late October

Wednesday - 10/09/2013, 12:40pm EDT

Guiding your TSP through dangerous political fog

The average Thrift Savings Plan account balance is fast approaching $100,000. And that's great, Senior Correspondent Mike Causey says. But what should investors do during this time of stock market jitters over the shutdown and the debt ceiling limit?

Wednesday - 10/09/2013, 02:00am EDT

House passes bill to pay 'essential' feds on time if shutdown continues

The House voted unanimously late Tuesday to pass the Federal Worker Pay Fairness Act. The bill, introduced by Rep. Hal Rogers (R-Ky.) Tuesday afternoon, ensures "essential" federal employees, who are working through the shutdown, are paid on time even if the government remains closed.

Tuesday - 10/08/2013, 03:25pm EDT

5 tips for paying your bills on time during furlough

For furloughed employees, paychecks might be delayed, but bills are still due. Ed Zurndorfer offers advice for how to not fall behind on your payments.

Tuesday - 10/08/2013, 12:49pm EDT

Back pay for furloughed workers slows in Senate

House-passed bill to deliver back pay for furloughed workers slows in Senate

Tuesday - 10/08/2013, 04:30am EDT

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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