'...The 2019 COLA for those covered in the Federal Employees Retirement System (FERS) will be...'
'...The 2019 COLA for those covered in the Federal Employees Retirement System (FERS) will be...'
'...There is also the question, which is soon to be answered, of what happens to federal workers and retirees if the House, Senate or both change hands? Would they get a better deal if Democrats controlled Congress, as most unions say? Or, as some critics say, would Democrats take feds for granted? The three-year pay freeze from 2011-2013 came during the Obama administration, which also introduced “sequestration” and triggered furloughs. That sparked 20 percent pay losses for tens of thousands of workers...'
'...Joffrion says Brooks should be doing more for federal workers. “Now Mo flaps his gums about being for national defense, but he won’t fight for a pay increase for the Redstone workers who have earned it,” Joffrion said. "And I will....'
'...One class of people affected are those who receive a pension from a job in which they haven't paid Social Security FICA taxes, such as public-sector workers like police officers and firefighters. Many federal, state and local employees are enrolled in retirement systems that are not part of Social Security. Federal employees hired before 1984 who stayed under Civil Service Retirement System (CSRS) are affected. Federal workers who retired under the newer Federal Employee Retirement System (FERS) are not subject to WEP because they paid Social Security FICA taxes. Some foreign workers are also affected...'
'...In a letter to Congress, Trump — who never tires of telling us the economy is the best ever — argues that the freeze is justified by "serious economic conditions affecting the general welfare." Moreover, he would have us believe that we "must maintain efforts to put our Nation on a fiscally sustainable course, and Federal agency budgets cannot sustain such increases." Perhaps if those efforts didn't give him, his children and his cronies enormous tax breaks, there would be enough to pay these people a raise that does not even keep up with inflation...'
'...The findings will not be made public until after the November elections, however, according to three sources made aware of the administration’s thinking. Trump directed the task force to make the recommendations actionable, either through legislation or regulation, the sources said, but is not planning to start implementation until voters elect a new Congress...'
'...the move “yet another slap in the face to American workers.” Under current law, federal civilian employees are set to receive a 2.1% across-the-board pay increase beginning on Jan. 1, 2019, but Mr. Trump said he is eliminating those raises...'
'...In today’s Federal Newscast, the National Labor Relations Board says years of flat funding led to an imbalanced staff at NLRB headquarters and its regional offices...'
'...further recommended combining sick leave and annual leave into one category to be called paid time off...'
'...boost training opportunities for their managers to make sure they’re up to speed on dealing with employee misconduct. Not surprisingly, the administration will also devote its attention to simplifying its hiring process. By the third quarter of this year, OPM is supposed to demonstrate the initial capability for an “automated hiring adviser” for managers, the update said...'
'...Besides making the individual tax cuts permanent, conservatives also said they would hope a second tax bill would lower capital gains taxes, which people pay when they sell investments. Republicans have long wanted to lower capital gains taxes, but they were largely left untouched in the new tax law...'
'...Individual federal employee salary data has been posted for fiscal year 2017 and is now available in the searchable database at FedsDataCenter.com. One reason some politicians are seeking to move agency functions out of the Washington, DC area is to share the wealth. Moving jobs and functions out of the Washington...'
'...The elimination of the FERS Supplement would have a severe impact on an early FERS retiree. The loss of the Supplement may cause the retiree to withdraw substantially more from TSP during the years before Social Security eligibility. Without proper savings and planning, this may place a retiree at risk of running out of savings during their lifetime...'
'...My sister Dr. Jeannette Epps has been fighting against oppressive racism and misogynist in NASA and now they are holding her back and allowing a Caucasian Astronaut to take her place!” Henry Epps wrote in a Facebook post on Saturday evening...'
'...expressed concern that the new tables would “systematically underwithhold income taxes during the 2018 tax year.” That sort of move would boost workers’ pay before the November 2018 congressional elections but could leave them “owing federal income tax when they file in 2019,” according to a Jan. 8 letter to the Treasury Department from Senator Ron Wyden of Oregon and Representative Richard Neal of Massachusetts...'
'...The two funds are the Civil Service Retirement and Disability Fund (CSRDF) and the Postal Service Retiree Health Benefits Fund. Mnuchin said the government can no longer fully invest in these funds as a way to avoid exceeding the debt ceiling. He noted, however, that once the debt limit is raised, the funds will be made whole again, much along the lines of what is done with the TSP’s G Fund...'
'...the link between the tax bill and a change in take-home pay may not be obvious to all workers, because lots of other factors can cause take-home pay to change in January. For example, some workers (including federal employees) get annual raises on January 1...'
'...For Federal employees and U.S. Postal workers who suffer from a medical condition, such that the medical condition prevents the Federal or Postal worker from performing one or more of the essential elements of the Federal or Postal worker’s job, life’s silent opera begins. It is time to prepare, formulate and file an effective Federal Disability Retirement application, because – while no one acknowledges the “voices” and “sounds” of the medical condition, the “movements” are there, of the Agency beginning to realize less-than-acceptable performance; of using too much SL or extending one’s FMLA and remaining on LWOP...'
'...The House bill would eliminate existing federal tax breaks for state and local income or sales taxes...'
'...trying to figure out why Paul's neighbor, a fellow medical doctor, might allegedly have attacked him with enough force to fracture five ribs. Paul was reportedly tackled while he was mowing the grass at his home in Bowling Green, Ky...'
'...Those reforms would include: Higher employee contributions to the federal defined benefit pension plan; An elimination of supplemental payments to employees who retire before age 62; A switch to a defined contribution pension plan for new federal employees; reduce the G fund’s rate of return in the Thrift Savings Plan...'
'...Security at the State Department's Benghazi compound was so dire that another contractor was brought in to clean up the mess just two weeks before the 2012 terror attack – and was later pressured to keep quiet by a government bureaucrat under then-Secretary of State Hillary Clinton, according to two men from the American security company...'
'...passenger saw Qiu behaving strangely around their plane as they boarded -- throwing a handful of coins straight at the jet's engine. She did it, it turns out, with a little prayer for good luck, hoping to bring herself and the other passengers in for a safe landing at their destination...'
'...OPM also issued new guidance on possible reductions in force, titled “Workforce Reshaping Operations Handbook.” The agency put forward the new manual to “provide assistance to agencies that are considering and/or undergoing some times of reshaping (e.g. reorganization, management directed reassignments, furlough, transfer of function, reduction in force.)” The guidance details layoff procedures under federal law and regulations...'
'...Allan Yiv Chan and Jevelyn Viernes Chan, the owners of Sonic One Insurance Agency in Pleasanton, were named in an indictment handed up by a grand jury in San Jose. They were each charged with conspiracy to commit mail fraud and three counts of mail fraud. The two allegedly misused the postal service's bulk mail program between 2012 and 2016...'
'... The president concluded by saying the government should shut down in September to fix the "mess." "Our country needs a good 'shutdown' in September to fix mess!" he said...'
'...Many, if not most, of the current crop of TSP millionaires did it the hard way. They didn’t bring money into government from their outside retirement accounts. They invested for decades, stuck with the C and S funds (stock indexed)...'
'...The Justice Department late Monday asked a federal judge for more time to "review and assess" a proposed agreement to overhaul the Baltimore police department, saying it needed to determine how it might conflict with the crime-fighting agenda of new Attorney General Jeff Sessions...'
'...National Treasury Employees Union President Tony Reardon said in a statement that the Employment Cost Index shows growth in private industry wages of 10.4 percent on average over the last five years, compared to an overall increase of 5.4 percent for federal workers in the same period....'
'...Agencies also can offer incentives to entice employees to leave, creating vacancies. One way is to allow employees to retire before they are eligible. With OPM’s permission, agencies facing job cuts can allow employees to retire at any age with at least 25 years of service, or at age 50 or above with at least 20 years tenure, subject to a reduction in the annuity in some cases. The other incentive is a buyout. Agencies can offer those with OPM’s permission to reorganize, although most agencies would need authority from Congress to offer them for downsizing. Jason Chaffetz (R-Utah), the chairman of the House Oversight and Government Reform Committee, has asked his staff to review whether voluntary buyouts across the government would be a better way to shrink the workforce because they provide incentives for retirement-eligible and other...'
'...At this point in fiscal 2017, OPM has processed 56 percent of its claims in 60 days or less. compared to 80 percent in February 2016. Of those claims processed within that 60-day window, it took OPM an average of 38 days to process. Claims beyond that window took an average of 104 days to process...'
'...The investigation is looking into how the documents came into WikiLeaks' possession and whether they might have been leaked by an employee or contractor. The CIA is also trying to determine if there are other unpublished documents WikiLeaks may have...'
'...Despite the incomplete nature of the recovery, influential voices are already calling for the Federal Reserve to guard against inflation by raising interest rates to slow the economy. The stakes in this debate are high. Macroeconomic policy (including monetary policy) that prioritized very low rates of inflation over low rates of unemployment is a key reason why real wages have stagnated for the vast majority of American workers in recent decades (as we have shown through our Raising America’s Pay initiative). Widespread wage growth will not occur over the coming years if the Federal Reserve prematurely slows the recovery in the name of fighting prospective inflation...'
Notes: Real Estate and Medical are what's driving inflation. Primarily, medical related economics are what is harming the economy the most while having the greatest impact on low and middle incomes.
'...So… can we help you carry your stuff out to the parking lot? What’s that? You’re not leaving quite yet?...'
'...In a break with his party's traditional stance on gay rights, Republican U.S. President Donald Trump vowed on Tuesday to uphold protections for lesbian, gay, bisexual and transgender people...'
'...Trump is planning to sign directives Wednesday to set in motion construction of border reinforcement and toughening immigration enforcement within the U.S. during an afternoon visit to the Department of Homeland Security...'
|President Donald Trump|
'...The agency is barred from issuing refunds before Feb. 15 on any returns claiming the Earned Income Tax Credit or the Additional Child Tax Credit. Congress mandated the delay to give the IRS more time to review returns to try to catch fraudulent ones before refunds are paid out. In reality, taxpayers taking these credits will probably have to wait even longer to get their refunds — until the week of Feb. 27, the IRS says, because of weekends and the President's Day holiday...'