In most years, federal annuitants receive cost-of-living adjustments (COLAs) to their annuities. In the first of two columns explaining COLAs, this week’s column discusses COLAs for those annuitants covered by the Civil Service Retirement System or CSRS. Included in the discussion will be how the COLA is determined and when the COLA becomes effective each year.
Thrift Savings Share Prices as of July 30, 2019.
Question: I have an annual salary of $109,000. I want to contribute the smallest amount that I can to the TSP to qualify for the entire 5 percent agency match. I originally thought the amount would be $19,000/3 = $6,333, but now I think it is $109,000 x .05 = $5,450. What is the correct amount considering my salary?
For the past few years, unions and pro-organized labor advocates of federal employees have faced increasing pressures on decades-old law protecting union activities.
Labor leaders are expected in coming weeks to ask for a review of the decision by a federal appeals court to reinstate President Trump’s controversial workforce executive orders that weaken feds’ collective bargaining rights, but such requests are rarely granted and the examinations could take several years.
The Environmental Protection Agency will close its second Las Vegas office next spring, affecting only a small number of employees, but it is a part of a larger effort to shutter offices and reassign employees across the country.
The General Services Administration announced that it has awarded contracts for its employee travel program that will reduce overall costs.
The Thrift Savings Plan, on July 24, announced its plans to change the “spillover” method for making catch-up contributions for certain active TSP participants.
This week, Nathan Abse interviewed Kristine Simmons, Partnership for Public Services's vice president for government relations, about the Federal Agency Customer Experience Act of 2019.