AUTHOR ARCHIVES

Amanda Palleschi

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Wired for Retirement

February 1, 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...

Pension fund made whole after investment suspension

January 31, 2012 The Treasury Department and the Federal Retirement Thrift Investment Board have ended a 15-day suspension of investments into federal employees’ pensions, following Friday’s increase of the debt ceiling by $1.2 trillion, as required by last summer’s Budget Control Act. Treasury suspended investments into the Thrift Savings Plan’s G Fund twice...

Proposal extends medical leave to veterans' families

January 30, 2012 Family members of veterans would be entitled to the same leave afforded to family members of current military service members under an amendment to the Family and Medical Leave Act announced Monday. Labor Secretary Hilda L. Solis, along with first lady Michelle Obama, said the Labor Department is proposing statutory...

House to consider pay freeze extension

January 30, 2012 The House plans to vote this week on a bill that would extend the pay freeze for federal employees and lawmakers -- a move opposed by the White House and labor unions for its content and its process. The bill, H.R. 3835, introduced earlier this month by Rep. Sean Duffy,...

Defense Budget's Civilian Cuts -- Explained

January 27, 2012 The announcement of a new round of BRAC closures and some careful trimming of military pay raises might have been the biggest personnel news from the highlights of the fiscal 2013 Pentagon budget released Thursday. But a statement about civilian federal workers tucked in the plan's "operations expenses and personnel...

Defense budget plan cracks down on pay hikes

January 26, 2012 This story has been updated. Military personnel could begin seeing more limited pay raises beginning in 2015 as part of the Defense Department’s efforts to trim $487 billion from its budget over the next decade. In a release of the highlights of the Pentagon’s fiscal 2013 budget proposal, Defense Secretary...

411 on 401(k)

January 26, 2012 The Federal Retirement Thrift Investment Board will unveil more information next week about a much-anticipated addition to the government's retirement program. The board will publish details about implementing the upcoming Roth 401(k) option to the Thrift Savings Plan, which allows employees to invest income that already has been taxed. The...

Panel debates cuts to federal retirement benefits

January 25, 2012 A House panel continued debate Wednesday on plans to tighten up pensions for both federal workers and members of Congress. Proposals to cut a defined pension plan under the Federal Employees Retirement System drew the ire of congressional Democrats and labor union groups, while suggested reductions to lawmaker benefits were...

Thrift Savings Plan administrative expenses stay steady

January 23, 2012 Net administrative expenses charged to each participating federal employee's Thrift Savings Plan account were about 20 cents per $1,000 of investment in 2011, roughly the same as the figure for 2010, TSP officials said Monday. In its annual report of gross and net expenses released Monday, the Federal Retirement Thrift...

USPS-union talks expire for third time since November

January 20, 2012 Two U.S. Postal Service union contracts expired for the third time in three months Friday. USPS announced that separate contract negotiations with the National Association of Letter Carriers and the National Postal Mail Handlers Union have come to "an impasse." Contracts with both unions expired at midnight Nov. 20, 2011....

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