According to new legislation introduced in the house on 3rd November, federal employees that retire under the Civil Service Retirement System would not have their Social Security benefits reduced anymore if they have spent some time working in the private sector. Pioneered by Rep. Kevin Brady, R-Texas, and co-sponsored […]
Most people want to retire on a beach or in a tropical paradise where they will spend their golden years relaxing. But a lot of people forget to factor in what it means to retire mentally before they think about retiring financially.
Here are some interesting ways to spend your […]
If you’ve been waiting for the guidance on what agencies should ensure all federal workers earn, the wait has now come to an end. Recently, the Office of Personnel Management issued the long-awaited guidance on Friday – it claimed and ensured that all federal workers would make at least […]
With the labor market being super tight, the General Schedule pay system has not been easy either. The rigidness is a hindrance in attracting and retaining employees.
U.S. workers began to resign in unusually large numbers in September 2018, nearly three times the previous record of 1.2 million in […]
Recently, the White House released its fiscal year 2021 budget proposal. The proposed $4.8 trillion budget makes some significant cuts to federal employees’ benefits and retirement programs.
For many the proposals sound familiar. This is because they have been seen in many past budget proposals. Up to now, none of […]
The stock market gave a warm welcome to the new lifecycle funds, now available in five-year increments.
The 401(k)-style retirement savings program launched by the federal government has seen every portfolio end the month of July in red, with funds being slow to recover from the unpredictable volatility that had […]
Take a look at this old report written by the Office of Personnel Management in 2002 titled “A Fresh Start for Federal Pay: The Case for Modernization”. It was written based on conversations and feedback collected by many key personnel over 3 years. However, it’s distressing to note how […]
The House Committee on Appropriations has evaluated and approved the FY 2021 general funding legislation, albeit without any provisions for a pay hike for federal employees.
The bill was approved and passed by the Subcommittee on Financial Services and General Government, which was then presented to the full committee on […]
Friday saw the Office of Personnel Management release a new timeline that removed all degree eligibility requirements from numerous job listings at the federal level. This move is part of a new policy that seeks to transform the hiring process into an assessment-based system.
This transition will commence from August […]
