AUTHOR ARCHIVES

Amanda Palleschi

Results 1-10 of 239

Maryland lawmakers urge Treasury to halt relocation of 450 jobs

November 1, 2012 Maryland lawmakers are urging the Obama administration to head off a Treasury Department proposal to move 450 Financial Management Service employees out of the area. In a letter to Treasury Secretary Timothy Geithner, Maryland Democrat Sens. Barbara Mikulski and Ben Cardin opposed the move, which involves merging FMS and the ...

Thrift Savings Plan funds make few, if any, gains in October

November 1, 2012 October was a lackluster month for the Thrift Savings Plan, with three of the basic funds posting barely perceptible gains and two ending the month in the red. International stocks in the I Fund remained the strongest performers in October, gaining just 0.85 percent. The fund has risen 6.41 percent ...

Thrift Savings Plan closed for Hurricane Sandy, along with the financial markets

October 30, 2012 Thrift Savings Plan participants who submitted transactions after noon on Oct. 26 will have to wait until Wednesday for those transactions to be processed, TSP has announced. Like U.S. financial markets, TSP was closed Oct. 29-30 due to Hurricane Sandy. TSP said transactions it received after noon on Oct. 26 ...

Funds roll in for feds hit by Hurricane Sandy

October 30, 2012 The Federal Employees Education and Assistance Fund said Tuesday it is processing a $35,000 donation from Blue Cross Blue Shield to help it provide disaster grants to federal employees affected by Hurricane Sandy. FEEA pledged to provide disaster grants of up to $500 to federal employees hit hard by the ...

Unnamed top USPS official’s compensation exceeds legal limit, IG says

October 26, 2012 A U.S. Postal Service officer earned more than $300,000 in salary, pension and bonus in 2011– exceeding the legal limit maximum compensation for the agency’s executives, according to an audit from the USPS’ inspector general. According to Federal Times, the Postal Service and the IG disagree over whether the pension ...

Employees can contribute more to their Thrift Savings Plans in 2013

October 23, 2012 Federal employees will be able to contribute more to their Thrift Savings Plan investments in 2013, thanks to an inflation adjustment announced by the Internal Revenue Service. The dollar limit on TSP investments will rise to $17,500 a year from $17,000 allowed this year, marking the second straight year for ...

More than 50,000 choose Thrift Saving Plan’s new Roth option

October 22, 2012 An increasing number of Thrift Savings Plan participants are choosing the new Roth option, the Federal Retirement Thrift Investment Board announced Monday. As of Sept. 30, a total of 51,354 federal employees had invested about $48.7 million into Roth, said the board’s director of external affairs, Kim Weaver. The number ...

Thrift Savings Plan advisory board considers mutual funds

October 22, 2012 The Federal Retirement Thrift Investment Board is in the early stages of deciding whether or not to allow Thrift Savings Plan beneficiaries the ability to direct a portion of their assets to private mutual funds. FRTIB is researching the option and will present a paper on the issue in the ...

Performance pilot launching at Veterans Affairs

October 18, 2012 The Veterans Affairs Department's National Cemetery Administration is joining a growing list of agencies signing on to a pilot program that aims to change performance appraisal procedures. NCA will use the Goals, Engagement, Accountability and Results pilot to examine how supervisors and employees assess performance, according to a Federal News ...

Lawmakers urged to adopt tighter caps on contractor pay

October 18, 2012 Federal employee unions and government accountability and public interest groups urged lawmakers Thursday to adopt Senate language that would cap the federal government’s reimbursements for defense contractor compensation at $230,700 per employee. The Senate Armed Services Committee approved that cap in June, as an amendment to the fiscal 2013 National ...