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The Veterans Health Administration approved a Special Salary Rate for HR professionals at the end of last year, and covered employees will see the pay bump appear in their paychecks this week.
After chipping away more than a third of the federal retirement claims backlog, the Office of Personnel Management is now bracing for an upcoming surge in retirement applications.
In today's Federal Newscast: The Federal Deposit Insurance Corporation has a new inspector general. Holiday returns keep the Postal Service busy and raking in the cash. And more Bureau of Prisons pay incentives get the death penalty.
After the latest 5.2% federal pay raise, pay compression now applies to 60% of locality pay areas, with some senior-level feds in 35 of the 58 areas hitting an arbitrary pay ceiling.
Improper payments in retirement services have been gradually escalating for the last several years, but the Office of Personnel Management is taking steps to try to mitigate the problem.
In December, TSP returns continued a climb that brought continued positive returns for the year.
Although OPM has made various tweaks to the federal pay system — such as removing a cap on higher pay rates, and shifting the onus for approving pay bonuses — broader problems with federal pay remain.
A special retention pay authority the Justice department used to retain certain Bureau of Prisons employees expires in a few days. This affects employees of the Federal Correctional Institution Thomson in Illinois. The result: A Christmastime pay cut of 25% for correctional officers and other employees.
In today's Federal Newscast: Thousands of dollars in retention bonuses, are not retained for the new year. Federal facility safety stations get their first upgrade in 15 years. And Rocket Lab lands a half-billion-dollar government contract.
In today's Federal Newscast: Foggy Bottom has signed an agreement with the Smithsonian to assist in international expansion. New requirements in the law require better living conditions in military barracks. And the Office of Management and Budget is proposing new pay rules for feds working above their pay grade.
The United Postmasters and Managers Association and National Association of Postal Supervisors agreed to new salary ranges proposed by USPS.
As a former U.S. Air Force pilot and current leader of more than 500 advisers, I understand the financial challenges military members face. Military families are immersed in a culture of service, sacrifice and frequent relocation that often puts their financial security on the back-burner.
The I Fund, that is the international stock fund operated by the Thrift Savings Plan. Next year, the Federal Retirement Thrift Investment Board will overhaul how the I Fund goes about making investments.
Actual 2024 federal pay raises for civilian employees will range from 4.7% to 5.7%, depending on where they work. Here is a list of all the raise amounts based on locality pay area.