Amanda Palleschi

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Retirement returns grow steadily in February

March 5, 2012 Monthly returns from Thrift Savings Plan investments showed a slight downtick in February, but still put in a solid performance after a disappointing finish to 2011. The S Fund, which invests in small and midsize companies and tracks the Dow Jones Wilshire 4500 Index, experienced the most substantial slowdown, growing...

Rick Santorum, Son of Civil Servants

March 5, 2012 Addressing attendees at the American Federation of Government Employees’ annual legislative conference last week, Sen. Sherrod Brown, D-Ohio, delivered an unscripted aside attacking GOP presidential candidate Rick Santorum. Brown blasted the former Pennsylvania senator’s comments about the “indoctrination” of American college students, drawing enthusiastic audience applause. Brown read aloud from...

Union, Social Security Administration reach contract deal

March 1, 2012 This story has been updated with comment. Social Security Administration employees nationwide achieved some gains in working conditions and benefits in a contract agreement reached Wednesday, after more than two years of negotiations. The contract agreement between SSA and the American Federation of Government Employees Union is currently a “conceptual,”...

DOMA Still Dogs Domestic Partners of Feds

March 1, 2012 Last week appeared to bring some good news for same-sex partners of federal employees: A U.S. district judge ruled in favor of a federal employee seeking health insurance for her wife. But thanks to that pesky, politically explosive 1996 Defense of Marriage Act, same-sex partners and spouses of federal employees...

Above and Beyond

March 1, 2012 Sarah J. Bonilla, director of human capital management at the Energy Department, believes that when government says something is excellent, it really should mean it. In fiscal 2010, more than one-third of Senior Executive Service members received the highest possible rating, or “excellent,” on their performance evaluations. At some agencies,...

Senior federal executives lack mobility, study finds

February 28, 2012 The Senior Executive Service has not lived up to the vision lawmakers had when they created it in 1978 as a cadre of “seasoned managers” who move among federal agencies and sectors. According to a new study from the Partnership for Public Service and McKinsey & Co., mobility is “underutilized”...

Union takes aim at bills cutting federal benefits, and at their sponsors

February 28, 2012 A key legislative proposal targeting federal pensions that is due for debate on Capitol Hill in the coming weeks was the most urgent issue for the National Treasury Employees Union at its annual legislative conference -- but the 2012 elections were a close second. Union officials opened the conference Tuesday...

Labor auditors concerned about TSP computer security

February 27, 2012 Thrift Savings Plan officials on Monday pledged to develop “more robust” computer security controls after a recent Labor Department audit found the board overseeing the retirement program did not completely consider prior recommendations for improvements. The audit revealed “security and privacy risks that might exist in this large system,” said...

Government savings from 2007 TRICARE law subject to change

February 24, 2012 A law restricting an employer’s ability to lower its health care costs by offering incentives for working-age military retirees to use TRICARE instead of an employer-sponsored plan could save the federal government tens of millions annually -- but those savings might be reduced due to rising private sector health care...

Cashing Out From the TSP

February 24, 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...

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