
President Biden has signed into law a bill to require federal agencies to take disaster resilience into account when investing in and managing property and assets. It requires OMB to issue guidance on how to incorporate natural disaster resilience into those decisions, require it to work with the GAO and the Federal Emergency Management Agency on helping agencies identify potential gaps in their disaster resilience prevention efforts, and require reporting to Congress on implementation.
Biden also has signed a bill to allow first responders and others covered by special federal retirement provisions to remain under the special retirement provisions for such positions if they are placed in another federal position outside of that system after returning to work from a work-related injury or illness. That will allow them to retain the credit for the higher contributions they pay into their retirement system as well as the earlier eligibility for retirement and the higher retirement benefits calculation.
Meanwhile, the Senate has joined the House in passing HR-7535, to require OMB to assess the vulnerability of agency IT systems to quantum computing technology that holds the potential for overcoming current encryption protections, to set standards for making them resistant, and to monitor agency progress in following those standards.
The Senate also has passed and sent to the House S-4337, to expand a special authority for federal agencies to hire spouses of active duty military personnel or of disabled or deceased members of the armed forces non-competitively, by extending the authority to also cover remote work.
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TSP Stock Funds Post Returns to Be Thankful For in November
Extra Time Off around Christmas Holiday Unlikely This Year
Late-Year Retirement Considerations: 2022 Has Advantages for Feds
See also,
The Process of Retiring: Check Your Agency’s Work
Early Marker for 2024 Raise Set: 5.2 Percent
FERS Retirement Planning Bundle: 2022 FERS Guide & TSP Handbook