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TSP investments grow steadily in November

December 1, 2006 Each of the five basic funds in the Thrift Savings Plan posted solid gains in November. The 401(k)-style retirement savings plan for federal employees, now worth more than $200 billion, made the biggest strides last month in investments in small- and mid-sized domestic companies. The S Fund, which invests in ...

President Bush changes locality pay formula

November 30, 2006 President Bush decided on Thursday to use a new formula to determine locality pay for federal employees in 2007, giving a greater portion to employees in cities such as New York and San Francisco. The new formula takes into consideration the increasing pay gaps between the private and public sectors ...

Ho, Ho, Ho, Off to Work

November 30, 2006 Sorry to break the news, but the odds are slim this year that President Bush will grant federal employees any additional time off around Christmas. Historically, presidents often have granted an extra day or half-day of vacation when Christmas falls on a Tuesday or Thursday. In those cases, federal employees ...

Peace Corps points alumni toward federal jobs

November 28, 2006 Peace Corps officials are promoting their former volunteers as ready-made civil servants. Volunteers return to the United States from two-year stints as teachers, technology workers, foresters and more, from locations as far as Malawi, the Dominican Republic and Bolivia, looking for work. They have a passion for public service and ...

Pentagon hires students to recruit classmates for civilian jobs

November 22, 2006 In its quest to hire a new generation of civilian employees, the Pentagon has started paying students to recruit their college classmates. So far, the Defense Department has hired two students -- one at Michigan Tech University and one at the University of Puerto Rice at Mayaguez -- to market ...

Consultants advise against adding real estate fund to TSP

November 20, 2006 A consulting firm delivered a long-awaited report Monday advising Thrift Savings Plan officials not to add a controversial real estate fund to the 401(k)-style retirement savings program for federal employees. The TSP board last fall commissioned Ennis Knupp & Associates of Chicago to examine the possibility of adding a Real ...

UN office: TSA screeners have collective bargaining rights

November 16, 2006 A body of the United Nations ruled Wednesday that the 56,000 baggage screeners in the Transportation Security Administration have the right to bargain collectively. The unenforceable opinion, released by the UN's International Labor Office, came in response to a complaint filed by the American Federation of Government Employees. AFGE, the ...

Health Plan Checkup

November 16, 2006 One of the plusses to federal employment is solid, secure benefits. But solid and secure doesn't mean static. The open season that began this week for the Federal Employees Health Benefits Program is a chief example. Good health coverage is guaranteed with a government job, but prices vary year to ...

Energy officials postpone employee bonuses, awards

November 15, 2006 Energy Department officials are delaying bonuses for all employees until Congress makes a final decision on the department's funding for fiscal 2007. It will not be clear whether the department has enough money for performance-based awards or even to avoid layoffs until lawmakers approve the Energy appropriations bill, Jeff Pon, ...

The MBA Secretary

November 15, 2006 When Secretary of Labor Elaine L. Chao immigrated to New York from Taiwan at the age of 8, she didn't speak a word of English. Now 53, she is the only remaining Cabinet member from the original Bush team. Chao's Harvard MBA and her experience heading up the Peace Corps ...