The IG found awards that did not include required justification - but said the agency has made progress in the past couple of years with incentive practices. Image: Kristi Blokhin/Shutterstock.com
By: FEDweek StaffThe Federal Housing Finance Agency has improved its management of financial incentives for its employees since a 2021 inspector general audit, although issues remain regarding documenting recruitment incentives, a follow-up report has said.
The earlier report on monetary awards, recruitment bonuses, and retention allowances found that FHFA did not obtain all required concurrences for several awards that had been recommended by officials who did not supervise the awardees; that justifications for recruitment bonuses and retention allowances were incomplete; and that the agency did not have written guidance for the process used to give Excellence Awards.
In a follow-up report reviewing 2023, the IG found that the agency followed requirements for monetary awards, including time-off awards, and retention allowances. It also found that the agency had created a written policy for Excellence Awards “that had previously existed in practice but had not been formalized in written guidance.”
However, in a sample of six recruitment awards, it found that three, totaling about $96,000 “either did not include the required justification written by the head of the relevant major FHFA organizational unit, or the required justification lacked documentation.”`
It said management agreed with a recommendation to review those three recruitment incentives and take actions “as it deems appropriate,” and to reinforce to all agency personnel the requirements for paying incentives.
Shutdown Meter Ticking Up a Bit
Judge Backs Suit against Firings of Probationers, but Won’t Order Reinstatements
Focus Turns to Senate on Effort to Block Trump Order against Unions
TSP Adds Detail to Upcoming Roth Conversion Feature
White House to Issue Rules on RIF, Disciplinary Policy Changes
Hill Dems Question OPM on PSHB Program After IG Slams Readiness
See also,
How Do Age and Years of Service Impact My Federal Retirement
The Best Ages for Federal Employees to Retire
FERS Retirement Guide 2025 – Your Roadmap to Maximizing Federal Retirement Benefits
