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Search Tags: benefits
Congress hit future federal workers with a new higher pension tax. For current workers, there is no change but that could have been a warning shot across the bow, Senior Correspondent Mike Causey says.
Federal workers who have been paying attention to the various plans to have them finance unemployment benefits, highways and tax cuts must be confused, if not in a state of shock, Senior Correspondent Mike Causey says. Could it be that the only people who are happy are those who haven't been paying attention?
Two federal unions, the American Federation of Government Employees and the National Treasury Employees Union, say lawmakers removed the increase in federal employee contributions from the payroll tax extension, but added it to the unemployment insurance extension, which is part of the overall deal. The unions say if the provision becomes law, feds would see a pay decrease while everyone else would see an increase.
Federal unions and some lawmakers have lambasted a proposed bill that would make changes to federal retirement benefits. The "Securing Annuities for Federal Employees Act of 2012" is set to go before the House Committee on Oversight and Government Reform Tuesday for a markup session, in which lawmakers will be able to introduce amendments.
The Thrift Savings Plan has hit an eye-popping milestone. The Thrift Savings Fund balance — the total invested across the TSP's 4.5 million accounts — climbed to $302.1 billion by the end of January, Tom Trabucco, the director of External Affairs at the Federal Retirement Thrift Investment Board, told In Depth with Francis Rose.
Federal workers are considered lucky that the White House wants them to have a 0.5 percent raise next January. But what would G-men and women of your Mom or Dad's era have said to a pay raise of that — new word — minatude, Senior Correspondent Mike Causey wonders.
Federally Employed Women, which is aimed at improving the status of women working for the federal government, reviewed legislators' voting records on 10 bills mostly related to federal pay and benefits. The group gave its highest score — a 100 percent — to two senators and 23 House members, all Democrats.
Thanks largely to transfusions from outside retirement plans, Uncle Sam now has 208 employees with million-dollar Thrift Savings Plan accounts, Senior Correspondent Mike Causey says,and there's at least one person whose 401(k) plan is worth more than $4 million.
Tom Trabucco, joined In Depth with Francis Rose for an interview on all things TSP.
A number of self-proclaimed insiders, reporters, lobbyists, think tank residents and a select group of psychics think they know what what's going to be in the election-year survival kit for members of Congress, Senior Correspondent Mike Causey says ... and they say you are not going to like it.