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Federal Employees News Digest : Oct. 1, 2012
October 1, 2012 Vol. 62, No. 12 8 Visit us on the Internet at www.FederalDaily.com thrift SavingsPlanSharePrices FuNDS SePt. 25 oNe MoNtH AGo oNe YeAr AGo G Fund F Fund C Fund S Fund I Fund lifecycle Funds L Income L 2020 L 2030 L 2040 L 2050 Register free to get rates of return and other TSP info at: www.FederalDaily.com/pages/resources/thrift-savings-plan.aspx 13.9716 13.9564 13.7545 15.9610 15.8713 15.2385 18.1050 17.6932 13.9422 23.6191 23.0152 18.4002 19.7732 19.0760 16.5938 15.6195 15.5167 14.6346 18.5455 18.2523 16.0609 19.2286 18.8578 16.1734 19.8116 19.3781 16.3097 10.9311 10.6635 8.8269 Federal Benefits Q&A Question: "If a CSRS employee goes out on disability retirement and is also on Social Security disability, are either or both disability checks tax-exempt?" Answer: A CSRS disability retirement annuity check is subject to federal and state income taxes. As much as 85 percent of a Social Security disability check is subject to federal income taxes and, in several states, subject to state income tax.. Readers are encouraged to ask questions related to general employee benefits---such as CSRS, FERS, the Thrift Savings Plan, tax and estate plan- ning, insurance, Social Security and Medicare---at the "Federal Benefits Q&A" at www.FederalSoup.com. continued from page 5 Program for those who have graduated from eligible institutions within two years, or with- in six years for military veterans. OPM noted that the fellows program requires applicants to sign up for a "mul- tiphase" application process, which the announcement said "will take patience and endurance..." Last year, only about 630 of 9,000 graduate student applicants emerged as PMF finalists. OPM has posted a PMF application time- line for interested students. To see more, go to: http://www.pmf.gov/ becomeapmf/index.aspx. unemployed vets’ training on schedule The Department of Veterans Affairs last month announced it has completed the first phase of its veterans retraining and education program, filling all of its available slots for fis- cal 2012. The Veterans Retraining Assistance Program, or VRAP, aims over a two -year period to train 99,000 unemployed vets in more than 200 in-demand job skills to make them more attractive job candidates. The program allows qualifying vets to receive up to 12 months of financial assistance equal to the current full-time Montgomery GI Bill active duty rate of $1,473 per month toward obtaining an associate degree, a non- college degree, or a certificate for a high- demand occupation predetermined by the Department of Labor. The rate will increase to $1,546 per month on Oct. 1. Completion of the program's first phase entailed enrolling 45,000 unemployed vets into the program in fiscal 2012; the second phase of filling the remaining slots for the next fiscal year is underway. "We're going to maintain the momentum of our outreach to make sure we get the maxi- mum of 54,000 Veterans retrained in fiscal year 2013," VA Undersecretary for Benefits Allison Hickey said. Among other requirements, applicants must be 35-60 years old, unemployed on the day of application, and not be eligible for any other VA education benefit program. To see more, go to: http://www.va.gov/opa/ pressrel/pressrelease.cfm?id=2387.
Sept. 24, 2012
Oct. 8, 2012