Federal Employee News

Tuesday, March 26, 2019

Here are 3 reasons you should get a Roth IRA

Here are 3 reasons you should get a Roth IRA

Snippet of Article: "...But most advisers have this to say about Roth IRAs. “The Roth is the second-best deal in the tax code,” says William Harris, a certified financial planner and retirement management adviser..."

Source: www.usatoday.com

Roth

Trump Administration Proposes Eliminating Pensions for Some New Feds

Trump Administration Proposes Eliminating Pensions for Some New Feds

Snippet of Article: "...Under the new program, those workers would be enrolled in the Thrift Savings Plan, which operates similarly to a private sector 401(k) retirement plan, but would not be eligible for a federal pension..."

Source: www.govexec.com

pensions, Thrift Savings Plan (TSP),

S&P 500 futures flat after report finds no Trump campaign collusion with Russia

S&P 500 futures flat after report finds no Trump campaign collusion with Russia

Snippet of Article: "...after U.S. Attorney General William Barr said Special Counsel Robert Mueller had found no evidence of collusion between President Donald Trump’s 2016 campaign team and Russia..."

Source: www.reuters.com

Trump Bump, Trump Legacy, No Collusion With Russia (Trump Investigation Results), S&P 500, C Fund, Thrift Savings Plan (TSP),

Wednesday, March 13, 2019

Trump's Postal Reform Proposals Met With Criticism From Lawmakers, USPS Management

Trump's Postal Reform Proposals Met With Criticism From Lawmakers, USPS Management

Snippet of Article: "...proposed the Postal Service join the rest of government in not allowing its employees to negotiate over pay. Multiple members of the Senate Homeland Security and Governmental Affairs Committee rejected that suggestion, while David Williams, a recently sworn-in member of the agency’s board of governors, said he could think of “no way at all” such an approach would address the most significant drivers of USPS’s precarious financial situation..."

Source: www.govexec.com

Tuesday, March 12, 2019

Trump 2020 budget targets feds’ health and retirement benefits

Trump 2020 budget targets feds’ health and retirement benefits

Snippet of Article: "...The budget would also eliminate the Special Retirement Supplement, which provides additional funds for those employees that retire before age 62, when Social Security kicks in. This is especially relevant for positions like law enforcement personnel, who have a mandatory retirement age that is earlier than 62. The plan would also reduce the interest rate on the Thrift Savings Plan’s G Fund..."

Source: www.federaltimes.com

Special Retirement Supplement (SRS), FERS, Attack on the Working Class, G Fund Interest Rate, TSP, Trump (2020 Budget Proposals), Destruction of Federal Employee Retirement,

Monday, March 11, 2019

U.S. Postal Service contract proposals reek of contempt for the workforce

U.S. Postal Service APWU contract proposals reek of contempt for the workforce

APWU Contract Negotiations Update: Management and Union Exchange Final Economic Proposals

Snippet of Article: "...USPS economic proposals are nothing short of draconian and regressive. Their proposals include: No increase in pay rates – a freeze for current employees: One lump sum payment in lieu of the usual annual pay raise; Lump sum payments in lieu of COLAs. Decreasing the career workforce..."

Source: www.apwu.org

Worst Places to Work, Poor Wages, Draconian Organization (USPS), contempt for the workforce (USPS), Destruction of the working class, Anti-Employee Organizations,