THE DAILY FED
News Briefs
News summaries from OPM AM, the daily newsletter of the Office of Personnel Management. OPM AM is available on OPM Mainstreet, the agency's electronic bulletin board, at 202-606-4800.
THE FEDERAL DIARY--"Money in the stock index (C-fund) of the federal thrift savings plan returned 18.63 percent for the 12-month period that ended in August." The F-fund return was 4.12 percent, and the G-fund return was 6.60 percent (The Washington Post).
FEDERAL TIMES--Layoffs more than doubled from 1991 to 1995 as the government reduced its work force, the Congressional Budget Office found. OPM and GSA took big hits...President Clinton signed off on a pay plan giving most GS employees a 2.3 percent base pay hike...HUD and NASA would be the latest agencies to receive authority to offer employee buyouts, under a bill expected to be passed by the Senate...Many employees have been placed in the wrong retirement systems through agency error. The mistakes can be traced back to the establishment of FERS in the mid-1980s...Buyouts failed to eliminate the types of jobs the administration had targeted, according to GAO (Federal Times, September 16).
HEALTH--"Another 6 million Americans will have no health insurance by 2002 as employers cut back on benefits programs according to the American Health Association" (The Washington Post).
WORK & FAMILY--There are ways to get your boss to be more flexible and employee friendly (The Wall Street Journal, Work & Family).
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