Rep. Gerry Connolly (D-Va.) accused the Trump administration of politicizing the Federal Retirement Thrift Investment Board, which recently deferred plans to move the international fund to a new, China-inclusive index.
The Civil Service Retirement System (CSRS) celebrated a big birthday last Friday, but there are few federal participants left in the government’s once signature pension plan.
What Stein can diagnose are sick and healthy financial trends, pointing out that for 11 years, leading up to the virus-driven crash, the stock market was in bull-market territory longer than any time in the country’s history.
According to last week’s Wall Street Journal, the top-stock buyer for the government of a very oil-rich Middle Eastern nation has been scooping up multiple shares of Marriott and Boeing (Disney World and the airliner)…
They say that the coronavirus is a threat to all of us regardless of who we are and where we live – we are all in the same boat. But are we really?
For some of the prospects, WTOP congressional correspondent Mitchell Miller joined Federal Drive with Tom Temin.
What a week for the Thrift Savings Plan. The TSP offered more details on how its participants can take loans and withdrawals during the coronavirus pandemic, and the international fund faces a different fate.
VA Undersecretary for Benefits Paul Lawrence joined Federal Drive with Tom Temin to describe what he’s hearing and telling the veterans.
Although looking back on the first couple of months of 2020 might seem like the Good Old Days, benefits expert Tammy Flanagan said, “It was already destined to be pretty rocky” being an election year and all. But, then, of course, came the coronavirus pandemic.
For obvious reasons, nobody has a handle on where cost of living adjustments or health care costs/insurance premiums will end up.
In a unanimous decision Wednesday morning, the Federal Retirement Thrift Investment Board voted to defer the implementation of a new, China-inclusive index for the international fund. The board members cited ongoing economic uncertainty from the coronavirus, as well as the president’s three new nominees to FRTIB, as reasons for their decision.