Federal Employee News

Monday, May 20, 2019

Homeland Security reportedly warns of Chinese-made drones stealing data


Homeland Security reportedly warns of Chinese-made drones stealing data

DJI Mavic Air
DJI Mavic Air
Snippet of Article: "...The government is concerned commercial drones made in China and used in the US are being used to steal data or infect networks with malware, according to CyberScoop and Politico. An advisory against using these drones would include Chinese drone maker DJI's extensive portfolio, including the DJI Spark, and the DJI Mavic Air ..."
Source: www.cnet.com

Schumer asks the federal government to probe Chinese plans to update NY subway system

Schumer asks the federal government to probe Chinese plans to update NY subway system

Snippet of Article: "...the New York subway system and government agencies must determine whether this poses any threat to the Metropolitan Transportation Authority and its commuters, Schumer said in a statement to Reuters. "Given what we know about how cyberwarfare works, and recent attacks that have hit transportation and infrastructure hubs..."

Source: www.businessinsider.com

China, cyberwarfare, Transportation and infrastructure hubs

Friday, May 17, 2019

Leaving the TSP for more options? Think again.

Leaving the TSP for more options? Think again.

Snippet of Article: "...if you were planning to move everything, or anything, out of the TSP, you might want to checkout the upcoming changes, which for many, could result in the best of both investing and safety worlds..."

Source: federalnewsnetwork.com

TSP

Thursday, May 9, 2019

House members quietly explore taking a pay raise this year

House members quietly explore taking a pay raise this year

Snippet of Article: "...unless lawmakers vote to overturn it. Democrats opted not to try to kill the pay raise in drafting the legislative branch spending bill..."

Source: www.nbcnews.com

Wednesday, May 8, 2019

9,500 new TSP millionaires

9,500 new TSP millionaires

Snippet of Article: "...At the end of March, the number of both active and retired federal workers with $1 million plus accounts stood at 32,638, up from 23,098 in March 2018. The vast majority of TSP millionaires are rank and file workers who’ve been investing an average of 30 years. Virtually all of them are heavily, or exclusively, invested in the federal 401K plans C and stock, large and small cap, funds..."

Source: federalnewsnetwork.com

TSP

Wednesday, May 1, 2019

Senator Scott Wilk Urges Congress To ‘Fix’ Retirement’ Policy

Senator Scott Wilk Urges Congress To ‘Fix’ Retirement’ Policy

Snippet of Article: "...The Government Pension Offset (GPO) and Windfall Elimination Provision (WEP), were passed in the 1970s in an effort to prevent “double-dipping” from social security and other government pensions, according to Wilk The GPO does so by cutting benefits when an individual receives a government pension, and their spouse is eligible for social security from non-government employment..."

Source: www.hometownstation.com

Windfall Elimination Provision (WEP), Government Pension Offset (GPO), Senator Scott Wilk,