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Search Tags: pay and benefits
Suppose Congress passed a law requiring you to work an extra five years? You'd be furious, right? Suppose, because you are just plain cheap, you forced yourself to work an extra five years? Guess what? It happens every day, Senior Correspondent Mike Causey says.
If Congress fails to act by the end of the year, a tax subsidy for commuters who use mass transit is set to drop from a maximum of $245 a month to $130. At the same time, fringe benefits for parking are set to rise to $250 a month starting in January. Two stand-alone measures in the House and Senate would restore parity between the parking and mass-transit subsidies
Should you and your significant other be in the same federal family health plan? Or should you each enroll in self-only plans? Think about it, because the health insurance hunting season closes Dec. 9, and picking the wrong plan could cost you big-time, Senior Correspondent Mike Causey says.
SAMBA Executive Director Walt Wilson and Deputy Director Pam Cummings, as well as Joan Melanson from Long Term Care Partners, talk about your Open Season options.
November 25, 2013
During the 16-day government shutdown last month, more than 14,000 Thrift Savings Plan participants withdrew money from their accounts, the highest number of hardship withdrawals in a single month ever. This may have helped participants weather the financial uncertainty of the shutdown. But, under TSP rules, it also means they'll be unable to contribute to their 401(k)-style retirement accounts for the next six months. Now, the Federal Retirement Thrift Investment Board, which oversees the TSP, is concerned that not all those participants will take the initiative to restart their contributions when the penalty period expires next spring.
A new bill would allow federal employees to contribute toward their retirement by investing only in companies deemed socially responsible. The "Federal Employees Responsible Investment Act," introduced this week by Rep. Jim Langevin (D-R.I.) and Sen. Sheldon Whitehouse (D-R.I.), would require the Federal Retirement Thrift Investment Board to add a "Corporate Responsibility Index" to the existing five investment options available to federal employees.
What do government buyouts have in common with sex education back in the day? The short answer is that you couldn't get much birds-and-bees info then and you can't get much new information on buyouts now, Senior Correspondent Mike Causey says.
Millions of federal workers are shopping online while they are at work. But don't get mad or hang your head in shame, Senior Correspondent Mike Causey says. This is a good thing that could save everybody -- especially the taxpayers -- a lot of money.
A new bill introduced this week by Rep. Matt Cartwright (D-Pa.) would ensure blue-collar federal employees receive the same scheduled pay increase in January as General Schedule employees. White-collar GS employees are due to get a 1 percent pay raise in January, under a plan announced in August by President Barack Obama, who has authority to set GS pay levels. However, pay raises for wage-grade or hourly employees require separate legislation. With no action by Congress, pay for these employees would remain flat.
Buyouts were a big deal over the last couple of years, but now they seem to have gone away, Senior Correspondent Mike Causey says. Or gone underground. Are you hearing anything about buyouts?