The Federal Retirement Thrift Investment Board and a former contractor have settled a lawsuit over a botched effort to modernize the TSP’s computer system—leaving TSP participants footing a $36 million bill for the failed modernization contract.
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Agencies can now use early outs when they need to realign their workforce.
The Senate Governmental Affairs Committee stepped into the fray Tuesday over plans to overhaul the Pentagon's management of some 730,000 civilian employees.
Federal employees have until the end of next week to sign up for new health care, child care and elder care benefits, the Office of Personnel Management has announced. The office is also urging federal agencies to pick up the administrative costs of the new benefits, rather than pass those costs on to employees.
The long-awaited modernized computer system for the 401k-style Thrift Savings Plan was up and running Monday afternoon, according to TSP board officials.
Agencies looking for personnel flexibilities should stop by OPM before heading to Capitol Hill.
Federal managers could have more discretion in hiring decisions, while federal workers could get the government to pay for academic degrees, under regulations that the Office of Personnel Management will publish this week.
With some exceptions, most federal agencies helped few or no employees with their college debt under a two-year-old repayment program aimed at recruiting and retaining good federal workers.