Pay & Benefits
Patent workers to get 10 percent pay raise
Thousands of Patent and Trademark Office employees will get pay raises of about 9.8 percent this weekend, the head of one of the agency’s labor unions said Thursday.
Pay & Benefits
TSP limits lifted
The annual limit on Thrift Savings Plan contributions will rise to $15,000 by 2006.
Management
Bush official backs off pledge to cut 40,000 managers
The Bush administration is not going to force agencies to eliminate 40,000 management positions, as President Bush proposed during his campaign, according to OMB Director Mitch Daniels.
Pay & Benefits
Standing pat on pay
The Bush administration is standing by its 3.6 percent average pay raise for federal workers in 2002.
Management
Drop in projected retirements puts Bush management cuts at risk
President Bush’s campaign promise to eliminate 40,000 federal management positions over eight years will be harder to achieve than administration officials originally expected.
Pay & Benefits
Upping the SES pay cap
A bill to increase SES pay hits the House. Plus: jumping in the new S and I funds and adjusting federal pensions.
Management
Administration plans first ‘results-based organization’
The Bush administration has given a new name—and new life—to a Clinton administration proposal to let federal managers run their offices more like private businesses.
Management
OMB orders agencies to submit plans for flattening management
The Office of Management and Budget wants to know how many employees each federal manager oversees as part of a Bush administration effort to cut 40,000 management jobs.
Pay & Benefits
Past TSP performance
A look at the 10-year performance of the five funds in the new Thrift Savings Plan.
News
Retirement wave may be smaller than expected
Federal retirement rates won’t be much higher in coming years than in past years, according to a new General Accounting Office study.
Pay & Benefits
Congress calls for higher federal pay raise
Federal workers should get a 4.6 percent average pay raise next year rather than President Bush’s proposed 3.6 percent raise, lawmakers said late Thursday night.
Pay & Benefits
Pay parity pursuit
A Senate Republican speaks out for a higher federal pay raise next year.
Pay & Benefits
TSP board explains rules for military personnel
Military personnel’s Thrift Savings Plan accounts would operate under different rules than federal civilians’ accounts, the TSP board said on Tuesday.
Pay & Benefits
New Thrift Savings Plan funds debut
Two investment options debuted Tuesday for federal Thrift Savings Plan participants.
Pay & Benefits
TSP countdown
The revamped Thrift Savings Plan, with two new investment options, debuts in five days.
Pay & Benefits
TSP offers fix for retirement errors
The Thrift Savings Plan board on Thursday proposed fixes for federal workers who were placed in the wrong retirement system in the past two decades.
Pay & Benefits
Eyeing health benefits, premiums
Your health insurance premiums will probably rise substantially again next year, but don’t expect new benefits for your money.
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