AUTHOR ARCHIVES

Amanda Palleschi

Results 51-60 of 239

House wants to be clear: IRS can levy your TSP funds

August 3, 2012 The House passed legislation this week that clarifies an existing law allowing the Internal Revenue Service to levy funds in Thrift Savings Plan accounts. The legislation, sponsored by Rep. Ann Marie Buerkle, R-N.Y., clarifies that TSP accounts are subject to a law that allows the IRS to collect unpaid federal ...

Senate appropriators OK military pay raise, reject layoff notice proposal

August 2, 2012 Senate appropriators unanimously approved a 1.7 percent pay raise for military service members Thursday as part of the fiscal 2013 Defense spending bill. But they rejected an attempt to grant contractors more advance notice of potential layoffs from sequestration. The Senate’s version of the $604.5 billion appropriations bill does not ...

Recruiting Veterans, and Job Downgrades

August 2, 2012 In June, Veterans Affairs Department officials rounded up employers ranging from federal agencies to banks to auto manufacturers and companies like J.C. Penney, Wal-Mart and McDonald’s, and put them in a Detroit convention center with thousands of veterans, career coaches and interview schedulers for a three-day job fair. By its ...

Focus On Jobs

August 1, 2012 In June, Veterans Affairs Department officials rounded up employers ranging from federal agencies to banks to auto manufacturers and companies like J.C. Penney, Wal-Mart and McDonald’s, and put them in a Detroit convention center with thousands of veterans, career coaches and interview schedulers for a three-day job fair. By its ...

Postal Service prepares for default, but says business will continue as usual

July 30, 2012 The U.S. Postal Service is prepared to default Wednesday on the $5.5 billion in mandated retiree health benefit prefunding it owes to the U.S. Treasury, and will not make an additional payment of $5.6 billion in prefunding due Sept. 30, the agency announced Monday. This was an outcome long feared ...

Hispanic representation in the federal workforce increases very slightly

July 30, 2012 The percentage of full-time civilian Hispanic employees in the federal government barely increased in fiscal 2011, but there was more significant progress on hiring Hispanics into senior-level jobs, according to new data from the Office of Personnel Management. Federal agencies employed about 4,000 more Hispanics in fiscal 2011 than in ...

Lawmaker estimates 89,000 Defense civilians would lose jobs under sequestration

July 27, 2012 A House Republican fears the loss of more than 100,000 civilian Defense Department jobs if sequestration takes effect and if a Senate committee proposal becomes law. Rep. Randy Forbes, R-Va., chairman of the House Armed Services subcommittee on readiness, estimated this week that 89,000 Defense civilian jobs could be eliminated ...

Socially responsible investment not necessarily wise for TSP, report says

July 26, 2012 Giving Thrift Savings Plan beneficiaries a socially responsible investment option would present challenges for TSP’s current stock portfolio, according to a new report. TSP officials asked the Government Accountability Office to consider the value of adding a socially responsible investment -- investments made on the basis of environmental, social, religious ...

Justice HR officials implicated in nepotism ring

July 26, 2012 Several senior officials in the Justice Department’s management and operations arm violated federal laws by participating in hiring family members, according to a watchdog report released Thursday. The Justice Department’s Office of the Inspector General investigated allegations of nepotism in the justice management division and implicated eight senior-level employees with ...

TSP Trends, Pricey Crises

July 26, 2012 Pricey Crises Last year’s debt-ceiling crisis cost U.S. taxpayers at least $1.3 billion. It also temporarily cost Thrift Savings Plan beneficiaries $378.5 million in earned interest in their portfolio’s Government Securities Investment Fund, or G Fund, according to the Government Accountability Office. Now, GAO reports, that money has been restored. ...