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IT services contractor USfalcon Inc. has agreed to drop its protest of the General Services Administration's solicitation for its massive OASIS multiple-award contract. However, a second pre-award protest filed by Aljucar, Anvil-Incus and Company at the agency level is moving forward.
The Office of Personnel Management now estimates it will not be able to clear a longstanding backlog of retirement claims until next summer. OPM Associate Director for Retirement Services Ken Zawodny told Federal News Radio the suspension of overtime in late April has left the agency essentially treading water when it comes to processing retirement applications.
In tight fiscal times, travel and training budgets often seem to be marked with a target by cost-conscious agency leaders. But there are strategies chief human capital officers and chief learning officers can deploy to shield their training budgets from cuts. ICF International Senior Vice President Jeff Neal and Young Government Leaders President Virginia Hill offer tips.
For the third month in a row, the Office of Personnel Management failed to meet its monthly goal for processing retirement claims. OPM's backlog now sits at 25,601 claims, up slightly from June. OPM blames its reduced processing power on the automatic, across-the-board budget cuts known as sequestration. To comply with the budget shortfalls, OPM was forced to suspend overtime for its employees in its Retirement Services division starting April 28.
The National Treasury Employees Union supports the general idea of phased retirement but has taken issue with some of the specifics set out by the Office of Personnel Management in its draft regulations. NTEU President Colleen Kelley says the rules, in their current form, require would-be phased retirees to have 20 years of experience, which could limit the number of employee eligible for the program. NTEU is also concerned about the lack of an appeals process for feds deemed ineligible for the option.
Funds in the Thrift Savings Plan rebounded last month from a June dip. All TSP funds posted in positive territory for the first time since April, and some funds boasted their biggest monthly increases of the year so far
With continuing resolutions and fiscal showdowns running rampant the last few years, government contractors have gotten used to near perpetual budget uncertainty clouding the marketplace. And the automatic, across-the-board budget cuts that kicked in March 1 only complicated contractors' efforts to manage their bottom lines. A panel of experts discuss how contractors are coping with the cuts as part of Federal News Radio's special report, Private Side of Sequestration.
Tags: industry , acquisition , sequestration , Private Side of Sequestration , Federal Drive , Tom Temin , Emily Kopp , Scott Lewis , Cameron Leuthy , Tim Larkins , ImmixGroup , PS Partnerships , Bloomberg Government ,
In contrast to federal employees, who are facing furloughs, many contractors are encountering more elusive sequestration symptoms. Along with reduced government contract spending, federal-employee furlough have also trickled down through the procurement process, resulting in delays, contractors say. This article is part of Federal News Radio's special report, Private Side of Sequestration.
Defense Secretary Chuck Hagel says service members will have to share in the pain of sequestration if the automatic budget cuts continue into next year. In a Pentagon press briefing Wednesday, Hagel laid out a "menu of options" for dealing with sequestration in 2014 and beyond, including changes to military pay and benefits, consolidating headquarters staff and a potential modest reduction in military force structure.
Sequestration threatens to squeeze some companies out of the industry. Federal News Radio's special report, Private Side of Sequestration, examines the long-term planning and short-term coping mechanisms companies can take to better manage through the cuts.