COLA, Largest Since 2012 Shortchanges FERS Retirees

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COLA, Largest Since 2012 for CSRS Retirees and Social Security Recipients, Shortchanges FERS Retirees

'...Unfortunately, hundreds of thousands of FERS retirees will be wondering why they are only receiving a 2 percent COLA when the relevant measure of consumer prices increased by 2.8 percent. That's due to the bargain struck in Congress in the 1980s when FERS was created, which limits COLAs to 2 percent when consumer prices increase between 2 and 3 percent. But that was the wrong policy then, as it is now. It prevents FERS annuities from keeping up with inflation, which is the whole point of a COLA. It is past time for Congress to ensure FERS retirees receive a full COLA each year...'

Reference: insurancenewsnet.com
Tags: CSRS vs FERS, FERS,

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2019 CSRS and Social Security COLA Increase

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2019 CSRS and Social Security COLA Increase Largest In 7 Years

'...The 2019 COLA for those covered in the Federal Employees Retirement System (FERS) will be...'

Reference: www.myfederalretirement.com
Tags: FERS COLA 2019, CSRS COLA 2019,

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2019 Federal Employee Pay raise: What are the odds?

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Pay raise: What are the odds?

'...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...'

Reference: federalnewsradio.com
Tags:SRS, FERS annuity supplement, 2019 Federal Pay Raise,

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Alabama: Peter Joffrion and U.S. Rep. Mo Brooks tangle over federal worker pay raises

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Peter Joffrion and U.S. Rep. Mo Brooks tangle over federal worker pay raises

'...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....'

Reference: whnt.com
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Other pensions can put Social Security benefits at risk

'...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...'

Reference: www.chicagotribune.com
Tags: Windfall Elimination,

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GOP gives millions to the rich, shortchanges federal employees

'...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...'

Reference: www.reflector.com
Tags: 2019 Federal Pay Raise,

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White House Expected to Keep Postal Task Force Report Secret Until After Midterms

'...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...'

Reference: www.govexec.com
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Trump Says He’ll Eliminate Pay Raises for Civilian Federal Employees Next Year

'...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...'

Reference: www.wsj.com
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Buyouts offered to some NLRB employees (Podcast)

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Some NLRB employees offered buyouts and early retirement

'...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...'

Reference: federalnewsradio.com
Tags: buyouts (VSIP), Voluntary Early Retirement (VER), Buyout 2018,

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OPM Reviewing Pay, Leave, Performance Policies

'...further recommended combining sick leave and annual leave into one category to be called paid time off...'

Reference: www.fedweek.com
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Trump administration outlines roadmap to modernizing federal workforce

'...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...'

Reference: federalnewsradio.com
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Beloved politicians will make tiny middle class tax breaks permanent if companies and the wealthy get more breaks

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GOP pushes for 'phase two' of tax cuts

'...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...'

Reference: www.msn.com
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Average Federal Employee Salary in States: How Do You Compare?

'...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...'

Reference: www.fedsmith.com
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What’s the Impact of the [PROPOSED] FERS Benefit Cuts?

'...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...'

Reference: www.fedsmith.com
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Brother of NASA Astronaut Blames Racism For Her Removal From ISS Mission

'...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...'

Reference: www.newsweek.com
Tags: NASA,

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IRS Sets Withholding Tables as GOP Pledges Paycheck Increase

'...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...'

Reference: www.bloomberg.com
Tags: Withholding Tables, income taxes, 2018 Taxes,

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Treasury Suspends Investment Into Federal Employee Retirement Funds to Avoid Hitting Debt Ceiling

'...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...'

Reference: www.fedsmith.com
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Here's how the Republican tax cuts would actually be felt by regular Americans

'...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...'

Reference: www.businessinsider.com
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CSRS & FERS Disability Retirement: Life’s silent opera

'...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...'

Reference: federaldisabilityretirement.wordpress.com
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House bill would eliminate existing federal tax breaks for state and local income or sales taxes

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House Won't Accept Repeal of Local Tax Break, Brady Says

'...The House bill would eliminate existing federal tax breaks for state and local income or sales taxes...'

Reference: www.bloomberg.com
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Sen. Rand Paul Recovering From 5 Broken Ribs After Assault

'...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...'

Reference: www.npr.org
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House Budget is an attack on FERS employees more so than CSRS, cuts G Fund rate, ends SRS, raises employee contributions again

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House advances 2018 budget resolution with federal retirement cuts

'...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...'

Reference: federalnewsradio.com
Tags: destruction of the middle class, Attack on Veterans, The destruction of FERS benefits, CSRS vs FERS,

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Clinton State Department silenced them on Benghazi security lapses, contractors say

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'...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...'

Reference: www.foxnews.com
Tags: State Department, Hillary Clinton, Secretary of State, Benghazi,

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Help Hillary get richer, read her new book blaming everyone else for her loss

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New Clinton book blasts Sanders for 'lasting damage' in 2016 race

'...Clinton, in a book that will be released September 12 entitled "What Happened," said Sanders "had to resort to innuendo and impugning my character" because the two Democrats "agreed on so much." "President Obama urged me to grit my teeth and lay off Bernie as much as I could...'

Reference: www.cnn.com
Tags: Victim mentality example,

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Please do not feed the jets!

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Flight delayed by woman hurling coins at jet engine

'...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...'

Reference: www.cbsnews.com
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With Potential 2017 Federal Job Cuts Looming, OPM Updates Furlough and RIF Guidance

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With Potential 2017 Cuts Looming, OPM Updates Furlough and RIF Guidance

'...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...'

Reference: www.govexec.com
Tags: Federal Employee Furlough, RIF, Workforce Reshaping Operations Handbook,

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Feds: Insurance firm owners bilked postal service

'...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...'

Reference: www.ktvu.com
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TRUMP: Our country needs a good 'shutdown' in September!

'... 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...'

Reference: www.businessinsider.com
Tags: Government Shutdown 2017

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TSP investing: Read how a TSP investor became a millionaire the hard way. You can too!

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TSP investing: What would Einstein do?

'...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)...'

Reference: federalnewsradio.com
Tags: TSP, TSP Millionaire, Investing in the TSP, Tips for TSP,

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Sessions orders review of Ferguson-style police reform deals

'...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...'

Reference: www.foxnews.com
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Trump wants to give federal workers a 1.9% pay raise in 2018

'...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....'

Reference: postalservicenews.blogspot.com
Tags: Federal Worker Wages vs Postal Worker Wages, Employment Cost Index,

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Firing federal workers isn’t as easy as Trump makes it seem in his budget

'...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...'

Reference: www.washingtonpost.com
Tags: RIF, buyouts (VSIP),

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OPM posts highest retirement claims backlog since Oct. 2015

'...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...'

Reference: federalnewsradio.com
Tags: Retirement Processing Backlog (OPM),

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Federal criminal probe being opened into WikiLeaks' publication of CIA documents

'...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...'

Reference: www.cnn.com
Tags: WikiLeaks

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Wage Stagnation and Inflation

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Nominal Wage Tracker

'...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...'

Reference: Economic Policy Institute
Tags: monetary policy, Federal Reserve, Macroeconomic policy, wage stagnation, Inflation, destruction of the middle class,

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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.

Pretty easy to see which of your coworkers are full of hot air

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Remember those federal workers who were going to quit over Trump’s victory?

'...So… can we help you carry your stuff out to the parking lot? What’s that? You’re not leaving quite yet?...'

Reference: hotair.com
Tags: Wishy-Washy, Hot-air, Full of BS, Trump Haters,

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Trump vows to continue LGBT workplace rights protection

'...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...'

Reference: www.reuters.com
Tags: LGBT workplace rights protection

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Trump Moves to Act on Border Wall, Crack Down on Immigration

'...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...'

Reference: www.bloomberg.com
Tags: Making America Great Again, Trump Legacy, Immigration Enforcement, Department of Homeland Security,

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Major announcement on welfare reform Monday

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Walker to unveil welfare reform plan

'...we are willing to help people who are down and out. But public assistance should be a trampoline, not a hammock...'

Reference: watchdog.org
Tags: welfare reform,

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Donald J. Trump is sworn in as 45th President of the United States of America

President Donald Trump

Article Title: Donald J. Trump is sworn in as 45th President of the United States of America
Donald J. Trump is sworn in as the 45th President of the United States of America. President Trump promises to bring jobs back to America and to give the power back to the people. President Trump seeks unity in our country to once again become the greatest nation in the world. Divisions will heal and we will all enjoy the same freedoms under the same great flag and God. Our military will be the greatest and we will protect this country. American's will never be forgotten again. We will make America great again. God Bless America.

Source: federal employees
[tag] Donald Trump sworn in as President, President Donald Trump, [/tag]