Stock market’s continued momentum in July helps the federal government Thrift Savings Plan’s C Fund rise 20.62% through the first seven months of the year Three of the five main funds in the federal government’s 401(k)-like Thrift Savings Plan have gained more than 15% so far in 2023, with a strong stock market so far […]
The Federal Retirement Thrift Investment Board (FRTIB) is steering retirement savings of military servicemembers and federal workers to funds that invest in Chinese companies, including companies that support the People’s Liberation Army. U.S. Senator Marco Rubio (R-FL) first raised the issue in 2019, leading a successful bipartisan effort to block the FRTIB from investing retirement savings in Chinese […]
The Office of Personnel Management (OPM) released three videos last week to help federal employees and retirees better navigate their online retirement services accounts. “OPM remains committed to helping federal employees transition from serving the American public to enjoying their hard-earned retirement,” said Kiran Ahuja, OPM Director. “The purpose of these videos is to reduce login […]
Roughly every six weeks Federal Reserve Chair Jerome Powell delivers a report card that rates the economy’s future performance. This comes along with each decision the central bank makes on interest rates. The latest move — to raise interest rates by a quarter point — came on Wednesday. That followed the Fed’s decision to hold rates steady […]
A report on a bill (S-666) now ready for Senate voting touts the measure as a step toward streamlining agencies by targeting redundant programs as the GAO has recommended for many years. The “Identifying and Eliminating Wasteful Programs Act,” would require the CIO of each agency – under guidance to be issued by the OMB […]