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The Thrift Savings Plan has hit an eye-popping milestone. The Thrift Savings Fund balance — the total invested across the TSP\'s 4.5 million accounts — climbed to $302.1 billion by the end of January, Tom Trabucco, the director of External Affairs at the Federal Retirement Thrift Investment Board, told In Depth with Francis Rose.
February 06, 2012 -
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Federal unions and some lawmakers have lambasted a proposed bill that would make changes to federal retirement benefits. The \"Securing Annuities for Federal Employees Act of 2012\" is set to go before the House Committee on Oversight and Government Reform Tuesday for a markup session, in which lawmakers will be able to introduce amendments.
February 06, 2012 -
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John Powers, a principal with Deloitte Consulting, specializes in the company\'s mergers and acquisitions practice. JoAnn Boutelle is a former deputy chief financial officer with the Defense Department and is now a partner at Deloitte & Touche. Along with former Rep. Tom Davis (R-Va.),. Powers and Boutelle joined
February 06, 2012 -
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A new letter, signed by Sens. Mark Warner (D-Va.), Barbara Mikulski (D-Md.) and Ben Cardin (D-Md.), calls on the Office of Management and Budget to take on the \"urgent matter\" of processing federal retirements. The letter comes a week after a Senate subcommittee hearing in which the Office of Personnel Management was taken to task for its handling of the longstanding backlog.
February 06, 2012 -
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As Pentagon budgets become tighter, the Defense Department is looking for ways to cut costs in weapons systems. But the only way to make cuts is to know how and where money is being spent. Ostensibly, the full lifecycle-cost estimates for DoD\'s major acquisition programs are collected in the Pentagon\'s selected acquisition report — or SAR. Cary Russell, the acting director for defense capabilities and management issues at GAO, told In Depth with Francis Rose the reports contain \"inconsistent\" information.
February 06, 2012 -
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The Access Board hopes to publish new accessibility standards this fall, known as Section 508, which agencies use to buy tech products. The agency has been working on the standards for six years. But some advocates of disabled employees say the update, while necessary, doesn\'t address the real problem: lack of enforcement.
February 06, 2012 -
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The stakes are growing as the war of words grows. Iran\'s Supreme Leader Ayatollah Ali Khamenei said on Friday Iran would retaliate over Western-backed oil sanctions and any threat of attack, after Secretary of Defense Leon Panetta was cited as saying he feared a possible Israeli strike as early as April. Khamenei\'s speech marked the anniversary of the 1979 Islamic Revolution on Friday.
February 06, 2012 -
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Pam Turner, managing director at the Prime Policy Group, said most inquiries from the Hill to federal agencies go through the agency\'s office of legislative affairs.
February 06, 2012 -
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Tim Scannell, editorial director of TechnologyGuide.com, joined The Federal Drive with Tom Temin with the benefits and potential pitfalls of BYOD.
February 06, 2012 -
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The password isn\'t dead yet, but \"we think it needs to be shot,\" said Jeremy Grant, NIST\'s senior advisor for identity management, in an interview with The Federal Drive with Tom Temin.
February 06, 2012 -
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Every House document will go into a new website. The goal is to make them more accessible to the public. The legislation will be posted using Extensible Markup Language, or XML. That will make what\'s in a bill easier to find, and the bills themselves more visible to search engines.
February 06, 2012 -
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A bill in the House would prohibit within-grade pay increases through 2012 for federal employees.
February 06, 2012 -
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The Morning Federal Newscast is a daily compilation of the stories you hear Federal Drive host Tom Temin discuss throughout the show each day. The Newscast is designed to give FederalNewsRadio.com users more information about the stories you hear on the air. Today\'s newscast includes (more) pay freeze proposals, Air Force personnel cuts and Obama\'s nominee to head OFPP.
February 06, 2012 -
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The Air Force plans to further reduce its ranks by 9,900 airmen as part of DoD\'s overall budget reductions. The personnel cuts tilt heavily toward the Air National Guard.
February 06, 2012
