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Federal Employees News Digest : Feb. 18, 2013
federal government's current failure to offer the benefit puts it behind the pri- vate sector---where 53 percent of employ- ers provide some form of paid parental leave---as well as most industrialized countries. The lawmakers noted that a similar bill cleared the House during the 111th Congress by a vote of 258-154. To see more, go to: http://maloney. house.gov/press-release/20th-anniversary- family-medical-leave-act-reps-maloney- connolly-norton-push-paid. lawmakers want to eliminate ‘official time’ Reps. Phil Gingrey (R-Ga.) and Dennis Ross (R-Fla.) have introduced bills they claim "would ensure that taxpayer dol- lars are spent wisely and not used by government employees to perform union activities." Ross on Feb. 7 introduced the Official Time Reporting Act (H.R. 568), which would require the Office of Personnel Management to submit an annual report to Congress on federal employees' use of official time---the on-the-clock time granted to federal employees to perform union activities during the official work day. In January, Gingrey introduced a bill--- the Federal Employee Accountability Act (H.R. 107)---which simply would elimi- nate the use of official time all together. According to a joint press release from Gingrey and Ross, who co-sponsored one another's bills, official time has cost an esti- mated $1.3 billion over a 10-year period. "Rep. Gingrey and I worked together to introduce two bills that would address time reporting by federal employees, specifically as it pertained to union activ- ities," Ross said in a statement. "In 2011, federal employees spent roughly 3.4 million hours---at a cost of $155 million to the taxpayer---conduct- ing union business while on duty," Ross stated. "At a time when our country is more than $16 trillion in debt, we need to ensure that we are cutting all wasteful spending of taxpayer dollars, no mat- ter for which political side the union employees are advocating." To see more, go to: http://den- nisross.house.gov/news/documentsingle. aspx?DocumentID=319251. February 18, 2013 Vol. 62, No. 29 8 Visit us on the Internet at www.FederalDaily.com Thrift SavingsPlanSharePrices FuNDS Feb. 11 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 14.0469 14.0285 13.8429 15.9378 15.9849 15.4506 19.2138 18.6184 16.6186 26.3874 25.3318 22.8015 21.5399 21.4434 19.0797 15.9207 15.8250 15.2618 19.3737 19.1089 17.7801 20.2947 19.9464 18.3129 21.0720 20.6559 18.7818 11.7128 11.4567 10.3228 Federal Benefits Q&A Question: "I can retire and have been at the top step of my grade for almost three years. If furloughs are necessary and I am furloughed, will this affect this year's part of my high 3 calculation?" answer: Assuming a furlough does not last for more than six months in a calendar year (which it will not), a furlough will have no effect on an employee's high 3 average salary calculation. Readers are encouraged to ask questions related to general employee benefits---such as CSRS, FERS, the Thrift Savings Plan, tax and estate planning, insurance, Social Security and Medicare---at the "Federal Benefits Q&A" at www.FederalSoup.com. continued from page 6
Feb. 11, 2013
Feb. 25, 2013