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7:05 pm, April 16, 2014

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Search Tags:  Jack Moore

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.

Tags: TSP , FRTIB , pay and benefits ,

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

Senate bill blocks background-check firms from reviewing own work

The Preventing Conflicts of Interest with Contractors Act would block the Office of Personnel Management from contracting with companies to perform final quality reviews if those same companies are also responsible for conducting initial investigations. OPM Director Katherine Archuleta announced in early February that, going forward, only federal employees would conduct final quality reviews. The new bill writes Archuleta's decision into law. Otherwise it could be reversed by a future OPM director.

Tags: Senate , Congress , Jon Tester , Claire McCaskill , Mark Begich , security clearances , background investigations , Katherine Archuleta , OPM ,

Friday - 02/28/2014, 11:32am 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.

Tags: workforce , pay and benefits , pay , NTEU , Colleen Kelley , Congress , Senate , Jon Tester , sequestration , budget ,

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

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."

Tags: TSP , FRTIB , Lifecycle Funds , Greg Long , Renee Wilder , pay and benefits , retirement ,

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

Tags: workforce , buyouts , early retirement , NAVSEA , USGS , BLM , Interior ,

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

Obama pushes agencies to streamline export-import process

President Barack Obama is pushing the dozens of agencies that have a hand in the export-import process to speed up processing times and eliminate redundant paperwork requests that hamper companies seeking to export American-made products. Currently, businesses interested in importing or exporting goods must submit reams of paperwork to as many as 48 different federal agencies.

Tags: industry , best practices , CBP , Barack Obama , International Trade Data System ,

Wednesday - 02/19/2014, 04:25pm EST

House committee chairman wants VA middle managers held accountable

Rep. Jeff Miller (R-Fla.) is the author of new legislation that would make it easier for the Veterans Affairs Department to fire its senior executives. Miller, chairman of the House Veterans Affairs Committee, says the agency is too shy about cutting loose middle managers who are performing poorly.

Tags: VA , SES , management , workforce , Jeff Miller , House Veterans Affairs Committee , Carol Bonosaro , SEA , In Depth , Francis Rose ,

Monday - 02/17/2014, 03:44pm EST
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Federal managers: Forget everything you think you know about hiring

A recent report from the Merit Systems Protection Board reveals that cursory assessments of training and experience are often unreliable indicators of how employees will actually fare on the job. MPSB's John Ford tells the Federal Drive with Tom Temin and Emily Kopp what hiring managers can do to up their hiring game. Plus, Sam Davis, vice president of AMA Enterprise Government Solutions, discusses how hiring flexibilities will boost agencies' efforts to hire the long-term unemployed.

Tags: MSPB , John Ford , hiring , workforce , Federal Drive , Tom Temin , Emily Kopp , AMA Enterprise Government Solutions , Sam Davis , best practices , management

Tuesday - 02/18/2014, 04:19pm EST
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Congress eyeing legislative fix for security clearances

President Barack Obama signed the OPM IG Act into law this week. The law provides the agency's top watchdog with an additional source of funding to conduct audits and investigations of the security-clearance process.

Tags: OPM , oversight , background investigations , security clearances , Stephen Lynch , Darrell Issa , Jon Tester , Patrick McFarland , Congress , House , Senate ,

Thursday - 02/13/2014, 04:14pm EST

White House budget proposal coming March 4

The Office of Management and Budget this week announced President Barack Obama's fiscal 2015 budget would be released March 4 about a month later than the traditional deadline. Still, this year's delay is much smaller than last year, when the budget release came two months late because of the congressional deliberations over annual spending and the across-the-board budget cuts known as sequestration.

Tags: budget , OMB , 2015 budget ,

Friday - 01/24/2014, 01:00pm EST
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