AUTHOR ARCHIVES

Amanda Palleschi

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Senate appropriators advance military construction, VA spending package

May 15, 2012 Senate appropriators will consider a military construction and veterans affairs spending bill Thursday that grants the Obama administration its requested funding levels for prior rounds of base closures. The Defense Department asked lawmakers to approve $500 million to pay for ongoing restructuring authorized during the 1990 and 2005 Base Closure...

Bill to boost TSP contribution rates set for official debut

May 11, 2012 Lawmakers will introduce legislation next week to automatically increase contribution levels in some federal employees’ Thrift Savings Plan accounts. The Save More Tomorrow Act, a bill that has been circulating throughout Capitol Hill in draft form, will be officially introduced Monday. The measure would automatically increase the amount some civilian...

Postal Service ends another quarter in the red

May 10, 2012 The U.S. Postal Service ended the second quarter of fiscal 2012 on March 31 with a net loss of $3.2 billion, following similar losses in the first quarter, the agency announced Thursday. USPS officials attributed the dismal results primarily to the agency's congressional mandate to prefund retiree health benefits, followed...

Can Part-Time Retirement Save USPS?

May 10, 2012 As U.S. Postal Service representatives announced a new plan for rural post office closures Wednesday, discussion continues on a more comprehensive USPS overhaul. No matter the outcome or timeline for reform, a lesser-known regulation already on the books could affect Postal Service retirees’ pay and benefits in the near term....

Keep rural post offices open, but cut employee hours and benefits, USPS says

May 9, 2012 The U.S. Postal Service announced plans Wednesday to reduce operating hours to enable it to keep open rural post offices previously slated for closure -- a sharp change of course for the cash-strapped agency. “We will not close any of these rural post offices without having provided a viable solution,”...

Incentives, not mobility, called key to improving Senior Executive Service

May 7, 2012 Mobility might not be the only key to improving the Senior Executive Service, as a recent study suggests. Speaking Monday at a panel discussion hosted by Government Executive Media Group, Senior Executives Association General Counsel Bill Bransford suggested new initiatives that would require SES members to serve at more than...

Thrift Savings Plan Roth option is official

May 7, 2012 Federal employees are eligible to enroll in the Thrift Savings Plan’s Roth 401(k) offering Monday, marking the first time a Roth-style investment option has been available to them. TSP’s Roth offering allows participants to invest money that already has been taxed so it cannot be taxed again upon withdrawal. The...

Postal Service officials keep pressing for their own reform plan

May 4, 2012 The U.S. Postal Service continued its plea Friday for lawmakers to pass a comprehensive postal reform measure in the coming months -- preferably legislation that does not include some of the provisions in a bill the Senate passed in April. “The bottom line is the Senate bill does not provide...

Revved Up About Transit Parity

May 3, 2012 Both chambers of Congress are starting their engines for transit parity for commuters. Tax benefits for commuting via public transportation and those for driving used to be equal, but parity was derailed when Congress failed to extend mass transit perks by a Dec. 31, 2011, deadline. Benefits used to be...

TSP funds finish April with mixed results

May 1, 2012 More than half of Thrift Savings Plan funds finished April in the red after posting mostly positive returns in 2012. The I Fund, invested in international stocks, lost the most in April, dropping 1.87 percent. The fund, often troubled in 2011, experienced a small uptick in March and posted positive...

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