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The rollout of the Roth option for the Thrift Savings Plan, which would allow federal employees to invest already-taxed income, has long been discussed in the federal pay-and-benefits world. That launch moved another step closer, with the planned publication Wednesday of draft regulations in the Federal Register. And TSP participants will soon have more information about what the plan will look like.
The Roth option for the Thrift Savings Plan, which will allow federal employees to contribute after-tax dollars toward their retirement-savings accounts, will launch May 7, the Federal Retirement Thrift Investment Board announced today. The board, which first began planning the Roth TSP in June 2009 when it was authorized, made the announcement at its quarterly meeting of TSP coordinators.
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.
In an Oct. 9 letter to VA Secretary Eric Shinskei, Sen. Susan Collins requested the agency disclose whether employees responsible for planning the two conferences held in Orlando, Fla., last summer, also worked on other conferences. In addition, Collins said she wants to know how much conference planners earned in bonuses and other awards for their work.
Employees in the intelligence community (IC) who report waste, fraud and abuse have gained whistleblower protections, under a directive President Barack Obama issued Wednesday. The presidential policy directive aims to ensure intelligence and national security employees are able to legally report agency wrongdoing and be protected from retaliation for doing so.
A sophisticated cyber attack against the Thrift Savings Plan contractor responsible for maintaining the agency's data centers compromised the information of 123,000 TSP participants. However, there is no indication the data has been misused, according to the Federal Retirement Thrift Investment Board. There is also no indication that the TSP's network or its website were affected.
The House unanimously voted Tuesday to create a new process for disposing of the federal government's 14,000 excess properties, beginning with a pilot program to sell off more than a dozen of the most profitable facilities. Under the law, agencies would be able to keep a portion of the proceeds from the sale of real property. The bill would also create a comprehensive database compiling a list of all of the federal government's real property.
Video has surfaced from the lavish Las Vegas conference, which eventually led to the firing of two top officials and the resignation of GSA Administrator Martha Johnson amid an outcry over excessive spending. The video portrays an awards ceremony at the October 2010 Western Region Conference along with a music video created by a GSA employee that pokes fun at, among other things, GSA spending and inspector general investigations.
When news broke of an internal investigation examining the General Services Administration's excessive spending on a 2010 regional training conference, some seized on it as the perfect example of wasteful government spending. But the way the news unfolded — broadcast far and wide via social media and 24-hour news — also provided a lesson in crisis communications, one expert says.
Current and former officials at the General Services Administration will face a gauntlet of congressional hearings this week, following reports of excessive spending on a 2010 regional training conference and other programs. In an interview on In Depth with Francis Rose, former Virginia Congressman and Chair of the House Oversight and Government Reform Committee Tom Davis shared his insights and what to look for during the hearings.