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4:35 pm, August 20, 2014

DFAS News

IG turns 'blind eye' to DFAS' fudged financial records, Grassley reports

Sen. Chuck Grassley released a report Friday, revealing fudged financial statements from the Defense Finance and Accounting Service and audit misconduct from the Inspector General's office.

Tuesday - 11/26/2013, 06:59am EST

Fake numbers add up to trouble for DFAS

Retired Marine Corps Maj. Gen. Arnold Punaro, chief executive officer of the Punaro Group and a member of the Defense Business Board, has been following problems at the Defense Finance and Accounting Service.

Wednesday - 11/20/2013, 06:12pm EST
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DFAS halts hiring ahead of possible sequestration

The Defense Finance and Accounting Service will implement significant cost-cutting measures next week to prepare for the possibility of automatic spending cuts due to hit government in March. DFAS plans to freeze most hiring, reduce travel and overtime, and temporarily halt new employee performance awards, according to DFAS Director Terri McKay.

Thursday - 01/24/2013, 03:56pm EST

DoD civilians, others can now make Roth TSP contributions

After a two-month delay, all civilian employees at the Defense Department, as well as several other agencies, can now contribute to the recently rolled-out Roth option for their Thrift Savings Plans.

Friday - 06/29/2012, 09:05pm EDT

Scammers target DoD personnel's email

The Defense Finance and Accounting Service said the emails appear to come from its office. The "spoofs" said that people who are receiving disability compensation from Veterans Affairs may be able to obtain more money from the Internal Revenue Service.

Friday - 04/13/2012, 09:58am EDT

Army systems leave soldiers vulnerable to late, inaccurate pay

The Government Accountability Office says that even while the Army has made some strides toward improving its pay practices, the service is a long way off from the kind of data integrity independent experts would need to see in order to green light the systems as audit-ready.

Friday - 03/23/2012, 05:37am EDT
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Leadership from the top, well-trained workforce are key to DoD audits, experts say

The Pentagon faces an uphill climb in getting ready for an audit of its consolidated financial statements by 2017, outside experts said Thursday. Nonetheless, the goal is achievable if the push is sustained by future secretaries of Defense.

Friday - 11/18/2011, 10:54am EST
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The Federal Pay Debate has real consequences

Some of the budget cutting ideas like pay cuts and freezes, furloughs and cutbacks are "just crazy" according to a federal employee union official.

Friday - 01/07/2011, 01:40pm EST

DFAS feds remain suspended without pay

A dozen Defense Department workers jobs are at risk, allegedly because of their bad credit ratings. AFGE Vice President, Arnold Scott, says DoD isn't playing fair.

Thursday - 07/29/2010, 02:58pm EDT

Savings bonds go all electronic

If you have an allotment to buy U.S. savings bonds through your military pay, you need to take a couple of steps before the U.S. Savings Bond Payroll Savings Plan goes all electronic by the end of August. Joyce Harris, the director of Public and Legislative Affairs at the Bureau of the Public Debt, at the Treasury Department tell us what they are.

Tuesday - 07/20/2010, 10:13am EDT
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Bad credit reports don't imperil your federal job

In the aftermath of the DFAS firings, should you be worried about your financial information affecting your job?

Thursday - 07/08/2010, 10:40am EDT
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DFAS employees fired after security review

Pay your bills or lose your job. Thirty nine Defense Department workers whose jobs were at risk because of their bad credit ratings will lose their positions after all.

Monday - 07/05/2010, 07:55am EDT
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