Pay & Benefits Watch Pay & Benefits WatchPay & Benefits Watch
Key developments in the world of federal employee benefits: health, pay, and much more.

Pay and Benefits Watch TSP welcome wagon

ARCHIVES
ksaldarini@govexec.com

Newly hired federal employees could begin investing immediately in the Thrift Savings Plan and employees could roll over funds from private sector retirement plans into their TSP accounts under a bill that passed Congress Tuesday.

Under current law, federal employees must wait up to a year to begin contributing to the TSP.

The bill, H.R. 208, passed the House last year and passed the Senate in July. The House agreed to Senate amendments on Tuesday. It now goes to the President for his signature. The bill's provisions were included in President Clinton's fiscal 2001 budget request.

Executive Pay Caps

The Senior Executives Association is busy raising support for H.R. 3147, a bill that would give members of Congress a pay raise. If Congress votes not to give itself a raise, then federal executives who are paid under the Executive Schedule won't get one either. Since Senior Executive Service pay is capped at the top levels of the Executive Schedule, many top executives haven't seen a raise in years.

SEA has an urgent letter-writing campaign to get the legislation passed. But, in an election year, their chances are slimmer than usual. Since members of Congress don't want to look greedy to their constituents, they will likely vote to block the raise.

For more information, see SEA's Web page on executive pay.

Million Family March

Next Monday, thousands of Million Family March participants are expected to descend on downtown Washington. Federal employees in the D.C. area still have to show up for work, but the Office of Personnel Management is encouraging employees to telecommute on that day. Managers should accommodate employees who have telecommuting agreements or alternative work schedules on that day, OPM said.

FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Forecasting Cloud's Future

    Conversations with Federal, State, and Local Technology Leaders on Cloud-Driven Digital Transformation

    Download
  • The Big Data Campaign Trail

    With everyone so focused on security following recent breaches at federal, state and local government and education institutions, there has been little emphasis on the need for better operations. This report breaks down some of the biggest operational challenges in IT management and provides insight into how agencies and leaders can successfully solve some of the biggest lingering government IT issues.

    Download
  • Communicating Innovation in Federal Government

    Federal Government spending on ‘obsolete technology’ continues to increase. Supporting the twin pillars of improved digital service delivery for citizens on the one hand, and the increasingly optimized and flexible working practices for federal employees on the other, are neither easy nor inexpensive tasks. This whitepaper explores how federal agencies can leverage the value of existing agency technology assets while offering IT leaders the ability to implement the kind of employee productivity, citizen service improvements and security demanded by federal oversight.

    Download
  • IT Transformation Trends: Flash Storage as a Strategic IT Asset

    MIT Technology Review: Flash Storage As a Strategic IT Asset For the first time in decades, IT leaders now consider all-flash storage as a strategic IT asset. IT has become a new operating model that enables self-service with high performance, density and resiliency. It also offers the self-service agility of the public cloud combined with the security, performance, and cost-effectiveness of a private cloud. Download this MIT Technology Review paper to learn more about how all-flash storage is transforming the data center.

    Download
  • Ongoing Efforts in Veterans Health Care Modernization

    This report discusses the current state of veterans health care

    Download

When you download a report, your information may be shared with the underwriters of that document.