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

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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?!

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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

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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

 

TSP Update for Month Ending August 2024

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TSP Update for Month Ending August 2024

My last monthly update was written when the market started in August with a few very volatile days. It is something of a déjà vu as I write this monthly recap. September is starting off on the wrong foot for many stock investors. As of this writing, all three stock funds are in the negative for September thus far. As weak economic data continues to cause concern to economists, investors are again wondering if this is the beginning of another market downturn or just another “buy the dip” opportunity that will quickly turn around. Follow link to read more from Serving Those Who Serve. https://stwserve.com/tsp-update-for-month-ending-august-2024/

 

Navigating Federal Retirement Questions

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Navigating Federal Retirement Questions

 Source: FEDweek Staff

If your spouse is a federal employee or retiree as well, are you sure that you are that well prepared, should your spouse die first and you become the survivor?

 A long-time acquaintance reached out recently asking for help with some questions about federal retirement. As it turned out, there were a lot of questions.

The federal retiree husband of a relative had just died and when his widow started looking into potential benefits due to her, she quickly found herself at sea. She reached out to him as someone who “knows a little about the government” — there seems to be one with that designation in every family — because his job involved more contacts with more government agencies than most people experience. Follow link to read more. https://bit.ly/3z1m9IV