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The Navy has announced it plans to offer early retirements, following a panel\'s decision last year that targeted nearly 3,000 sailors for separation. The Navy\'s temporary early retirement authority will only apply to sailors with 15 years of service, who were not selected for retention by the 2012 Enlistment Retention Board, according to a Navy administrative message laying out official guidance about the early retirements.
The vote today in the House on another year of the federal pay freeze is meant to send a message to the conferees who are meeting on the payroll tax cut extension, says a reporter with The Hill newspaper.
Thanks largely to transfusions from outside retirement plans, Uncle Sam now has 208 employees with million-dollar Thrift Savings Plan accounts, Senior Correspondent Mike Causey says,and there\'s at least one person whose 401(k) plan is worth more than $4 million.
The National Treasury Employees Union has renewed its call for Congress to renew an expansions of a mass-transit subsidy that expired at the end of last year. The union said it supports passage either through a stand-alone bill or through a package of nearly 70 temporary tax breaks, known as extenders.
The Office of Personnel Management\'s new strategy to catch up on its backlog of retirement claims will be vetted publicly during a hearing Wednesday of the Senate Homeland Security and Governmental Affairs Subcommittee on Oversight of Government Management.
Tom Shoop, the editor-in-chief of Government Executive magazine, joined In Depth with Francis Rose to discuss a new CBO study on federal pay.
The White House wants to reduce the amount of money agencies pay contractors for executive salaries to $200,000 from $694,000.
The House is scheduled to vote on a bill on Wednesday to extend the civilian federal pay freeze another year — through 2013.
The National Guard and Reserve will be key to implementing the Pentagon\'s plans for \"reversible\" cuts to military ground forces, the Defense Department\'s top policy official said Monday. DoD is still trying to figure out the best ways to keep at least part of the reserve component in an operational status after 10 years of war.
A number of self-proclaimed insiders, reporters, lobbyists, think tank residents and a select group of psychics think they know what what\'s going to be in the election-year survival kit for members of Congress, Senior Correspondent Mike Causey says ... and they say you are not going to like it.
Federal employees are paid 16 percent more in total compensation — a combination of pay and benefits — than their private-sector counterparts, according to a new Congressional Budget Office report. The pay and benefits gap was not evident across the board, but stratified by educational attainment.
Tom Trabucco, joined In Depth with Francis Rose for an interview on all things TSP.
In 2011, more than 28 percent of federal employees were union members. That\'s in contrast to less than 7 percent of unionized employees in the private sector.
Congress is about to deal you a hand you won\'t like, Senior Correspondent Mike Causey says. So what if you could pick your predicament? What\'s the lesser of evils that may be coming your way?