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- The Data Privacy Imperative: Safeguarding Sensitive Data
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Search Tags: pay and benefits
Financial planner Arthur Stein will answer your questions about the TSP, and Federal Times writers Andy Medici and Nicole Blake Johnson will discuss what's ahead for feds in 2014.
January 8, 2014
Federal News Radio Senior Correspondent Mike Causey joins hosts Bob Leins and Tammy Flanagan to talk about the big issues affecting feds in 2013 and what's ahead in the new year.
January 6, 2014
A new bill would repeal reductions in military pensions approved by Congress late last month as part of the bipartisan budget deal and allow the U.S. Postal Service to reduce regular mail delivery to five days a week. Rep. Darrell Issa (R-Calif.), the chairman of the House Oversight and Government Reform Committee, introduced the legislation Dec. 19, shortly before Congress decamped for the holidays.
Nearly all the funds in the Thrift Savings Plan finished December in positive territory, helping fuel largely across-the-board gains for the year, according to new data from the Federal Retirement Thrift Investment Board. The C and S Funds posted the largest gains of 2013. The F Fund, tracked to the performance of the U.S. bond market, including government, corporate and mortgage-backed bonds, is the only fund to end the year in the red.
Under federal "use it or lose it" rules, any unspent money employees set aside last year to pay for out-of-pocket health costs, such as prescriptions or co-pays, is forfeited at the end of the year. But a group of senators from states surrounding the Washington, D.C., area, wants to change that. Sen. Ben Cardin (D-Md.) along with Sens. Barbara Mikulski (D-Md.), Mark Warner (D-Va.) and Tim Kaine (D-Va.) wrote to Katherine Archuleta, the head of the Office of Personnel Management, requesting the agency implement new regulations that would allow federal employees to roll over as much as $500 in unused funds from year to year.
The slight 1 percent increase ordered by President Barack Obama last month is smaller than union advocates had pushed for, but it's the first time since 2010 most civilian employees will see a bump in their basic rate of pay. Still, the modest pay raise only applies to white-collar employees under the General Schedule system. Some 200,000 blue-collar federal workers at places such as the Defense and Veterans Affairs Department and the U.S. Bureau of Prisons, will not see a similar increase in pay.
Are you a federal employee who uses public transportation to get to work? Be prepared to shell out more for your commute. Because of congressional inaction, a tax subsidy for mass-transit commuters is set to drop nearly in half — from a maximum of $245 a month to $130.
The 2014 white-collar pay raise is not for everybody. Feds at the top of their grades in some cities won't be getting anything at all, Senior Correspondent Mike Causey says.
Federal benefits expert Bob Braunsten will answer your retirement and benefit planning questions.
December 30, 2013