Loan Usage Up
According to the TSP, participants took out more than 300,000 loans in 2003, a 50 percent increase over 2002, and …More
Fedweek
Sign up Now! Free eNewslettersTSP to Curtail Loan Program
The Thrift Savings Plan has decided to alter several of its loan policies in order to counter what officials there …More
Pay Measure Passes, but Delays Continue
Congress has cleared a long-delayed bill (HR-2673) to fund many agencies for the remainder of the current fiscal year that …More
Payments Could Double, Report Says
CBO reported that in 2002, the existing authorities were used to pay bonuses totaling $129 million to just under 20,000 …More
Measure Could Bring Bigger Bonuses
Agencies could significantly increase the amount of recruitment, relocation and retention payments they pay to their employees under legislation (S-129) …More
Study of Law Officer Benefits Ordered
President Bush has signed into law (P.L. 108-196) a measure passed late in the 2003 congressional session ordering the Office …More
Still Waiting on DHS Announcement
Meanwhile, the other major agency that has been given broad new authorities over its personnel policies, the Department of Homeland …More
DoD’s Overview of New Personnel System
Separately, the Defense Department has published a summary of provisions in the recent budget act (Public Law 108-136) allowing it …More
Harder Implementation Work Lies Ahead
The buyout/early out and retiree rehiring provisions of the DoD law are being addressed first because those issues are relatively …More
Guidance on Retiree Rehiring Could Be Next
The recent guidance DoD sent out on use of buyouts and early retirements under the law authorizing its new personnel …More
Navy Will Be Early Adopter
The Navy has said it will be in the “first wave” of conversion to the new DoD personnel system and …More
Locality Raises to Continue
The DoD document also repeats the agency’s previously stated intent to continue granting general schedule employees locality pay raises, although …More
New System Won’t Cut Pay, DoD Says
The Defense Department has said employees “will not lose any pay” on conversion to the new pay and personnel system …More
Early Outs Not Limited in Number
The guidance adds that like buyouts, early outs may be used for downsizing or restructuring, and may be based on …More
DoD Issues Guidance on Buyouts, Early Outs
The Pentagon has sent guidance to Defense Department components regarding the use of buyouts and early retirement offers under a …More
Base Closing Process Stirs to Life
The Defense Department has started the 2005 base closing process in motion by requiring installations to submit certain information to …More
Additional Guidance on New SES Pay System
The Office of Personnel Management has sent out several pieces of additional new guidance on carrying out the new pay …More
Raise, Performance Fund Issues Also to Be Debated
According to the formula in federal pay law, the administration’s starting point on the raise recommendation for January 2005 would …More
Increase Your Agency or Organization’s Exposure Within the Federal Government
If your agency or organization would like to increase its exposure to the federal government, we are now offering newsletter …More
Next Budget Cycle Starts Soon
One reason Congress wants to wrap up leftover work on the budget promptly is that the next budget cycle is …More
Contracting Reform Bill Reintroduced
Meanwhile, a union-backed measure to increase accountability in the contracting-out process has been reintroduced (HR-3462) by Rep. Albert Wynn, D-Md. …More
Mixed Bag on Contracting Policies
The vote on the spending measure also will be the final action for the current budget cycle on policies for …More
Most Special Raters to Get Raises
Most “special rate” employees-white-collar employees who get higher salaries because they hold in-demand positions-are again getting the across-the-board general schedule …More
Pay Vote Coming Up
Congress returns to work next week with the first order of business being to finish a budget bill left over …More
Stock Funds Finish Good Year
All three Thrift Savings Plan stock funds posted strong returns in 2003, with the small and mid-capitalization (S) fund leading …More
Guidance on Emergency Situations Issued
The Office of Personnel Management has issued guidance to agencies for emergency situations-due to severe weather or other reasons–that prevent …More
Some Misunderstanding on Catch-Ups Remains
Even though the catch-up program has been in effect since mid-2003, some employees apparently continue to have misconceptions regarding how …More
New TSP Catch-Up Elections Needed
Actively employed Thrift Savings Plan investors who are 50 or older during calendar year 2004 are allowed to make “catch-up” …More
Post-Employment Restrictions Widened
The new SES pay system, ordered by a recently enacted Defense Department budget measure, establishes a salary-based trigger for post-employment …More
New SES Pay System Kicking In
Also starting January 11, a revised pay system for senior executive service members begins, with the abolition of the traditional …More
