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5:44 am, December 18, 2014

Pay and Benefits News

House committee OKs bill making TSP's L Funds the default for new hires

New Thrift Savings Plan participants would be automatically enrolled in an age-appropriate Lifecycle Fund -- instead of the G Fund -- under a bill set to be debated Wednesday by the House Oversight and Government Reform Committee. The Smart Savings Act, introduced by the committee's chairman, Rep. Darrell Issa (R-Calif.), is supported by the Federal Retirement Thrift Investment Board.

Tuesday - 03/11/2014, 04:14pm EDT

Estate planning and powers of attorney

Thomas J. O'Rourke, an attorney from Miles and Stockbridget, P.C., answer your calls and emails about estate planning, and changes in the laws governing powers of attorney.
March 10, 2014

Monday - 03/10/2014, 09:34pm EDT
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Good news, bad news, on the pay front

Looking for a bigger paycheck? If you work for Uncle Sam, there is good news, bad news and some bittersweet news, Senior Correspondent Mike Causey says.

Friday - 03/07/2014, 02:00am EST

Pentagon, Senate lawmakers already at odds over 2015 budget cuts

DoD's cost savings proposals for 2015 and beyond include something for every lawmaker to hate. The process of selling the budget on Capitol Hill officially kicked off Wednesday, and the reception was not exceptionally warm.

Thursday - 03/06/2014, 04:12am EST
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Pentagon seeks new out-of-pocket charges for TRICARE beneficiaries

Family members of active duty service members and military retirees would see new fees under the Defense Department's proposal to consolidate TRICARE plans, as part of the fiscal 2015 budget request sent to Congress Tuesday.

Wednesday - 03/05/2014, 03:51am EST
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White House budget aims to boost federal employee pay, training

The White House's fiscal 2015 budget proposal released Tuesday aims to boost funding for federal-employee training, which has been hard hit by across-the-board sequestration cuts in recent years. The budget also proposes a 1 percent pay increase for federal employees and leaves untouched federal retirement programs.

Tuesday - 03/04/2014, 04:39pm EST

Strong stock market boosts TSP returns in February

After a rocky start to the year, fund performance for the Thrift Savings Plan rebounded last month. A strong February on Wall Street helped fuel across-the-board gains in all five of the TSP's regular funds, according to statistics released Tuesday by the Federal Retirement Thrift Investment Board.

Tuesday - 03/04/2014, 11:14am EST

Financial awareness NOW!

Host Bob Leins and Certified Financial Planner Karen Schaeffer answer your calls and emails on what to do now to protect your financial assets in the future.
March 3, 2014

Monday - 03/03/2014, 08:41pm EST
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Monday quiz: Which feds are more equal than others?

How can three nearly identical feds the same age, same agency, same grade and same job get paychecks of different amounts? Hint: Some feds are more equal than others, Senior Correspondent MIke Causey says.

Monday - 03/03/2014, 02:00am EST

Bieber, Beyonce or buyout: What are your odds?

Given the choice, would you choose a date with Justin Bieber, an evening with Beyonce or a $25,000 buyout? Given the odds, chances are you will never have to make a choice, Senior Correspondent Mike Causey says. But be prepared...

Friday - 02/28/2014, 02:00am EST

Are you sleeping with the frenemy?

Unrequited love can, in and of itself, be romantic. But it can also be painful and costly, Senior Correspondent Mike Causey says. So, is it time for federal unions to reevaluate their long-time relationship with politicians?

Thursday - 02/27/2014, 02:00am EST

Key Senate panel to probe federal pay, morale issues

The Senate subcommittee with oversight of the federal workforce will take up the issue of federal-employee compensation and sinking employee morale. Sen. Jon Tester (D-Mont.), the subcommittee chairman, said at the National Treasury Employees Union's annual legislative conference that the hearing would focus, in part, on making sure federal pay stays competitive with the private sector.

Wednesday - 02/26/2014, 06:39pm EST

What's ahead for feds in 2014?

Federal Times writers Andy Medici and Sean Reilly and NARFE legislative director Jessica Klement will talk about some of the issues affecting feds in 2014.
February 26, 2014

Wednesday - 02/26/2014, 05:48pm EST
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What happens when you order steak and get Spam cutlets?

When you are expecting a big expensive wedding cake and somebody brings you a single Twinkie it can strain the relationship. That's sort of the situation today between federal and postal unions and the White House, Senior Correspondent Mike Causey says.

Wednesday - 02/26/2014, 02:00am EST

More agencies turn to targeted buyouts, early retirements

While the latest rounds of buyouts and early retirements span agencies as diverse as the Naval Sea Systems Command and the Interior Department's Bureau of Land Management, one thing many of them have in common is the targeted nature of the offers. In many instances, agencies are targeting offers to employees in specific job areas or agency locations.

Tuesday - 02/25/2014, 05:07pm EST

DoD's 2015 budget envisions smaller military with less generous benefits

The Pentagon says its spending plan acknowledges defense spending is on a downward trajectory, and reduces force structure in order to balance other priorities such as readiness. If sequestration stays in place, the calculus will change, Defense officials say.

Tuesday - 02/25/2014, 04:35am EST
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The monster under your bed is real!

Was there a monster under your bed when you were a kid? Did demons lurk in your closet waiting for lights out? Well they may be gone, but now as an adult civil servant there's a real terror lurking out there, Senior Correspondent Mike Causey says.

Tuesday - 02/25/2014, 02:00am EST

What's on your mind?

The NITP's Bob Leins and Tammy Flanagan answer your retirement and financial planning questions.
February 24, 2014

Monday - 02/24/2014, 07:05pm EST
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TSP board considers rebranding Lifecycle Funds

The Federal Retirement Thrift Investment Board is eyeing another potential tweak to the Thrift Savings Plan's Lifecycle Funds their name. Lifecycle Funds, also known as L Funds or target-date funds, are made up of a mix of the five core TSP funds that shifts over time. But board members are concerned the "fund" label may be confusing to TSP participants. In its place, the board is considering changing the name to "Lifecycle strategies."

Monday - 02/24/2014, 03:38pm EST

Obama to propose 1 percent pay hike for feds in 2015

An administration official confirmed the decision to ask Congress in the fiscal 2015 budget request expected on March 4 for another slight increase.

Monday - 02/24/2014, 01:17pm EST
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