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Results 461-470 of 493

Bill would increase transit subsidy for some employees

August 1, 2005 More federal employees living in the Washington area will be able to pocket up to $105 each month toward transportation costs if legislation approved by Congress on Friday is signed into law. A provision in a six-year highway and mass transit bill would allow thousands of additional workers to receive...

TSP launches life-cycle funds

August 1, 2005 New life-cycle investment funds are now available to participants in the Thrift Savings Plan, as of Monday. The TSP, which is a 401(k)-style retirement savings plan for federal employees, launched its newest set of funds in order to help participants allocate their money more effectively, according to plan administrators. TSP...

Pentagon officials collect employee input on personnel overhaul

July 29, 2005 Defense Department officials Thursday concluded an employee survey that identifies performance factors that could be used to determine pay for workers under its new personnel system. The National Security Personnel System is the Pentagon's planned personnel overhaul, and is set to include a performance-based pay system. In a memo to...

Nonfederal organizations endorse performance-based pay

July 28, 2005 Government officials and private and nonprofit organizations all agreed that pay-for-performance and market-based compensation systems are must-have parts of a larger picture of personnel reform, according to the results of a symposium hosted by the Government Accountability Office. IBM, the American Red Cross and the Commonwealth of Virginia were among...

All About FSAs

July 28, 2005 In June, officials announced they were enhancing the benefits available to federal workers through Flexible Spending Accounts. Employees now have a 2-1/2 month grace period for incurring expenses and an increased maximum contribution to the Health Care FSA, from $4,000 to $5,000. All of which is less than helpful if...

Reservists win ruling on use of leave

July 27, 2005 Federal workers who served in the military reserves between 1994 and 2000 may be eligible for retroactive compensation because of a July 15 ruling by the Merit Systems Protection Board. A group of employees filed a claim with MSPB, alleging that their agencies illegally charged them military leave for nonworkdays,...

OPM chief advises agencies to prepare well for personnel reforms

July 26, 2005 Agency officials need to put considerable time and deliberation into planning their implementation strategies for personnel reforms, according to Linda Springer, the director of the Office of Personnel Management. "If an agency came to OPM and said, 'we're ready to do this 100 percent' on day one, I would be...

SES system may pave way for performance-based pay

July 25, 2005 The implementation of the Senior Executive Service's pay-for-performance system may serve to ease anxiety among non-SES employees about their looming governmentwide personnel reform, a chief human capital officer said Monday. Employees are starting to notice their annual rewards for high achievement in the workplace are "much smaller" than the rewards...

TSP hires chief investment officer

July 22, 2005 The board of the 401(k)-style Thrift Savings Plan announced Thursday that it has hired Tracey Ray as its chief investment officer. Ray, who will assume her role in mid-August, serves currently as the deputy chief investment officer for the Maryland State Retirement Agency. In that job, she has been responsible...

Military compensation ballooning out of control, GAO says

July 21, 2005 The military's compensation package may not be sustainable over the long term, according to two government groups. The Government Accountability Office released a report July 19 that calls on the Pentagon to "reassess the reasonableness, appropriateness, affordability, and sustainability" of its military compensation system (GAO-05-798). In a public meeting of...

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