Pay & Benefits

TSP launches life-cycle funds

New funds put retirement investments on “cruise control,” automatically shifting money from a mix of riskier to more conservative investments as participants age.

News

Bill would increase transit subsidy for some employees

Legislation would also lift ban on agency shuttles.

News

Pentagon officials collect employee input on personnel overhaul

Department seeks to indentify performance factors that could be used to determine pay for workers.

Pay & Benefits

All About FSAs

Money saved for braces, laser eye surgery and even summer camp can be tax-free.

Pay & Benefits

Nonfederal organizations endorse performance-based pay

But GAO says their experience shows that compensation changes must be part of broader performance improvement initiatives.

News

Reservists win ruling on use of leave

Some federal employees who are members of the reserves were improperly charged military leave for service on weekends and holidays.

News

OPM chief advises agencies to prepare well for personnel reforms

Managers will have to bear more burden of responsibility in new systems, she says.

Defense

SES system may pave way for performance-based pay

Shift to pay-for-performance in senior ranks spurs curiosity at lower levels, say panelists at Excellence in Government conference.

News

TSP hires chief investment officer

Board creates new position to oversee investment policies.

Pay & Benefits

Eye of the Storm

Agencies can give volunteering employees excused absences, OPM says.

News

Military compensation ballooning out of control, GAO says

High retirement benefits may not be worth their cost, they found.

News

Three agencies reveal results of revamped hiring process

Private businesses donated expertise in recruitment and hiring.

Management

FAA and air traffic controllers begin talks on union contract

Administration seeks to curb controllers’ salaries.

News

Administration continues quest to tie pay to performance across government

Proposed governmentwide personnel system is markedly different from Defense and Homeland Security systems, OMB says.

News

Senate subcommittee backs 3.1 percent civilian pay increase

Pay raise would put civilians on par with military service members.

Pay & Benefits

TSP to roll out new funds in two weeks

Board will send explainer DVD on "life-cycle" funds to all 3.4 million TSP participants.

News

Pentagon gives retroactive pay raise to career executives

Legislation bars Defense Department from basing pay on career or noncareer employment status.

Pay & Benefits

TSP begins permanent open season

Employees can now enroll in the Thrift Savings Plan or shift their contribution levels at any time.

News

Rollout of DHS personnel system delayed for two weeks

Judge will use extra time to decide legality of regulations.

Pay & Benefits

Eyes on the Prize

The pay raise for 2006 is right on schedule, for the moment.