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Amanda Palleschi

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Postal Service ends first quarter of fiscal 2012 in the red

February 9, 2012 This story has been updated. The U.S. Postal Service lost $3.3 billion in the first quarter of fiscal 2012, the agency announced Thursday. The losses for October 2011 through December 2011 were $3 billion higher than those for the same quarter the previous year, according to an Associated Press report. ...

Budget debate pits military retiree interests against those in active duty, analysts warn

February 8, 2012 Military personnel costs for retirees versus active-duty service members are among the “most politically sensitive” competing interests within the fiscal 2013 Defense Department budget process, according to a new analysis from the Center for Strategic and Budgetary Assessments. Andrew Krepinevich, CSBA’s president, called personnel costs in the future years’ defense ...

Keeping employees could be tougher than attracting them, officials say

February 7, 2012 Although recent figures suggest that fewer college students plan to enter government service than in prior years, federal officials say holding on to new hires is perhaps a bigger human capital challenge. Speaking at an event sponsored by Government Executive, chief human capital officers at the Education and Veteran Affairs ...

Survey says only 2.3 percent of college students want federal jobs

February 6, 2012 A survey of more than 35,000 college students released Monday shows that only 2.3 percent of them plan on pursuing careers in federal government. The National Association of Colleges and Employers conducted an online survey of students pursuing bachelor’s to advanced degrees at 599 schools in all 50 states and ...

Top generals, admirals can make more in retirement than on active duty, report shows

February 3, 2012 This story has been updated with comment. The military’s top generals and admirals can now make more in retirement than they did on active duty, thanks to pension rules that were changed as part of the 2007 National Defense Authorization Act, USA Today reports. According to the paper’s examination of ...

All Thrift Savings Plan funds post positive returns in January

February 2, 2012 All investment offerings in the Thrift Savings Plan finished January in the black, including significant gains in the troubled I Fund, which posted negative returns in December and in 2011 overall. The I Fund, invested in international stocks, grew 5.36 percent in January. The S Fund, which invests in small ...

Military danger pay now calculated by the day, not the month

February 2, 2012 Military service members now are receiving imminent danger pay only for days spent in hazardous areas, Pentagon officials have announced. The change went into effect Wednesday and was part of the 2012 National Defense Authorization Act signed by President Obama on Dec. 31, 2011. The act required the Defense Department ...

Hiring Help

February 2, 2012 More than 500 tentative job offers went out to veterans who attended the Veterans Affairs Department-sponsored job fair in January, but implementing government initiatives that put veterans back to work remains challenging. Speaking this week during a panel sponsored by FedInsider.com, Mary M. Santiago, director of veterans employment services at ...

Houses passes bill extending pay freeze one year

February 1, 2012 The House on Wednesday passed a bill that would freeze federal worker and lawmaker pay through 2013, in what Democrats and labor union leaders called an overly politicized maneuver. The bill (H.R. 3835), introduced by Rep. Sean Duffy, R-Wis., passed 309 -117 Wednesday. It came to the floor under the ...

Wired for Retirement

February 1, 2012 After 25 years pioneering the business of federal retirement plans, Thomas Trabucco will now be on the receiving end of the 401(k)-style program he helped create. The retirement wishes of a man who made a career looking out for federal workers’ retirement benefits are simple and few. First order of ...