Familiar Process ahead for Employees if Shutdown Happens

Familiar Process ahead for Employees if Shutdown Happens

Source: Fedweek

If a shutdown seems imminent, OMB issues a memo to affected agencies telling them to put their contingency plan into effect.

 Agency-by-agency and government-wide policies have remained largely unchanged for many years and the results will be familiar for employees if a funding lapse occurs and triggers a partial shutdown as of the October 1 start of the new fiscal year.

Each agency has a shutdown “contingency plan” that describes the categories of employees who would be required to stay at work, although unpaid until funding is restored (“excepted” employees) and those who would be sent home on unpaid furloughs (“non-excepted” employees). Most of those plans were updated late last year. Follow link to read more. https://bit.ly/3Y0ubdF

Trump’s Second-Term Agenda: Breaking The Bureaucracy

Trump’s Second-Term Agenda: Breaking The Bureaucracy

If elected this fall, Donald Trump’s return to Washington would promise a more aggressive—and plausible—campaign to hobble unions, politicize the nonpartisan civil service and remake the federal government in the Republican’s image. Follow link to read more from Government Executive. https://bit.ly/3ZnPU1n

 

GSA’s Coworking Pilot Could Help Better Plan the Future Of Work, But First, it Needs to Define Long-Term Success

GSA’s Coworking Pilot Could Help Better Plan the Future Of Work, But First, it Needs to Define Long-Term Success

With about half of its leased office space set to expire in the next five years, the General Services Administration is wagering that workspaces shared by multiple agencies could be how federal employees return to the office.

But a Government Accountability Office report published Wednesday that examined the GSA’s coworking pilot program said there needs to be better data illustrating its use and potential cost savings before it attempts to scale the practice.

Follow link to read more. https://bit.ly/4d0BAPu

 

 

Zero Percent Return for the C Fund Over the Next 10 Years?!

Zero Percent Return for the C Fund Over the Next 10 Years?!

The underlying index for the C fund within TSP is the S&P 500 Index.  Is the S&P 500 currently over valued? If so, what does that mean for potential C fund performance, and what does the work of Nobel Laureate Robert Shiller indicate?

How should this inform your TSP strategy? Please follow link to read more from Serving Those Who Serve. https://stwserve.com/zero-percent-return-for-the-c-fund-over-the-next-10-years/

Lawmakers File Discharge Petition to Repeal Controversial Tax Rule Affecting Federal Retirees

Lawmakers File Discharge Petition to Repeal Controversial Tax Rule Affecting Federal Retirees

The Social Security Fairness Act has broad bipartisan support both in Congress and among federal employee unions.

A bipartisan pair of lawmakers on Tuesday filed a discharge petition seeking to force a vote on the House floor on a measure that would eliminate a pair of controversial tax rules that reduce the retirement benefits of some ex-government workers.

Reps. Abigail Spanberger, D-Va., and Garret Graves, R-La., are the lead sponsors of the Social Security Fairness Act (H.R. 82), a measure introduced last year that would eliminate Social Security’s windfall elimination provision and government pension offset. Follow link to read more from Government Executive. https://bit.ly/3MIu3Ki