Money Paid into Special Rate Fund
The government has made the required payment into a fund-with interest, reaching $178 million-under the settlement in the suit for …More
Fedweek
Sign up Now! Free eNewslettersFast-Track Slowed a Bit
The concerns raised about the DoD plan caused the measure to be slowed at least a bit and at least …More
DoD Personnel Reform Plan Draws Fire
Members of the House of both parties have expressed-in greater or lesser degree-opposition to the Defense Department’s plan to overhaul …More
Several Loan Policies Also Changing
The TSP’s new computer system will also bring several changes in how investors may take loans from the program. Under …More
Withdrawal Changes on Tap
The TSP also will be implementing several important changes to its withdrawal policies along with the new system. Of potentially …More
New TSP System Expected Next Month
Thrift Savings Plan officials have said they expect the TSP’s new computer system will be available in mid-June, culminating a …More
Closer Look at FSA Program
The OPM guidance to personnel offices also contains certain further details on issues relating to eligibility, permissible uses of the …More
Fees to Be Charged
The OPM message also announced that the carrier will charge fees to participating employees. It said that while private sector …More
Personnel Offices to Be Out of Loop
OPM’s announcement, made in a message to personnel offices, said those offices will play only a minimal role in the …More
FSA Open Season Set for May 19
The Office of Personnel Management has announced that it will hold an open season May 19-June 20 for the flexible …More
Stock Funds Have Good Month
The three Thrift Savings Plan funds based on stock market returns in April had their best month since last October, …More
COLA Count Up to 2.1
Halfway through the counting period toward the January 2004 retiree cost-of-living adjustment, the inflation index used to set the adjustment …More
Locality Pay Boundaries Issue Addressed
While the government later this year is expected to change the borders of many standard metropolitan statistical areas-the geographic zones …More
More than 300,000 Military Positions Could Be Converted
Meanwhile, officials have said that a parallel initiative to reassign uniformed military personnel to duties more military in nature could …More
Process Could Be a Long One
The DoD legislative package for civilian personnel policy is part of a larger overhaul of the department that the Pentagon …More
Retention, Advancement Systems Also to Be Revised
Under the DoD proposal the performance evaluations also would be given greater weight in deciding who stays or goes during …More
Performance Pay Could Replace Annual Raises
DoD officials also have said that under their proposed pay-for-performance system, high-performing employees would get greater rewards than under the …More
Supervisory Differential Also Planned
In addition to the pay bands in the career groups, the DoD proposal includes authority for a pay differential for …More
DoD Favors Pay Banding for All Its GS Employees
Defense Department official in announcing details of the civilian personnel reform plan recently sent to Congress, have indicated that they …More
Closer Look at Call Letter
The annual “call letter” kicks off the process of designing plans for the upcoming year and the negotiations between OPM …More
Some New Coverages Outlined
The call letter also is the annual opportunity for OPM to recommend-or mandate-that carriers provide certain types of coverage. As …More
Prescription Drug Costs Remain a Concern
In its to carriers, OPM said that both carriers and employees need to “work together to better understand the responsibility …More
FEHB Customer Choice Emphasized
The Office of Personnel Management, warning that “health care consultants are again predicting significant health care cost increases next year,” …More
Telework Still Not Widely Used
Although Congress and the Office of Personnel Management have been pushing agencies to make greater use of telecommuting for their …More
Future Raises Projected
The Bush administration has projected that after a January 2004 increase of 2 percent, federal employees will get 3.4 percent …More
Distribution, Health Premium Rules Also Targeted
The Portman-Cardin bill also would revise the “minimum required distribution” rules applying in the TSP and in similar retirement programs …More
Rollover Proposal Introduced
A proposal has been offered in Congress to allow a $500 rollover of unspent money in FSA accounts at the …More
Choose With Care
Employees will want to consider their FSA elections with care. The chosen salary deductions in the program will be irrevocable …More
FSA Open Season Upcoming
With the initial open season for flexible spending accounts across the executive branch is now only about a month away. …More
TSP Schedule Could Be Announced
The Thrift Savings Plan’s governing board is set to meet next week and could then endorse a schedule for making …More
