For the second time this year, federal workers are about to hit another big bucks pay-and-perqs jackpot. The delivery vehicle for all this good stuff is the Defense Authorization Act which Congress okayed last week. Once signed into law it will mean:
We’ve been tracking the up-again-down-again progress of the benefits all year. At one point they were stripped from the so-called Tobacco bill. Many thought that was the end of the trail. But deals were made and the bottom line is that this is part two of a banner year for feds.
Previously, federal investors won a major benefit when Congress authorized the introduction (in 2011) of a tax-free Roth option into the federal Thrift Savings Plan. For an update, click here.
Groups representing federal workers, managers, executives and retirees are jubilant to have so many wins in a year like 2009 which has produced little good news on the job-front (pay, benefits, job security) for anybody outside of the federal government.
Insight by V3Gate: In this exclusive executive briefing, executives discuss how their agencies are deploying software that works, and that users really like.
In case you missed it
From the Newsdesk
Thanks to health care advances, retirees are living longer, healthier lives and retirement choices are limited by the ability to pay for them. Certified financial planner Art Stein has some helpful advice specifically for FERS retirees. To read the story or hear the interview, click here.
FederalNewsRadio hosts complete Marine Corps Marathon
Amy Morris and Tom Temin ran in this weekend’s Marine Corps Marathon. Check out what they had to say about the experience and see videos of Amy during and after the race!
Nearly Useless Factoid
by Suzanne Kubota
Welcome to Halloween week NUFs! In 2008, per capita, Americans consumed 23.8 pounds of candy.
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