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Federal Employees News Digest : June 3, 2013
June 3, 2013 Vol. 62, No. 44 8 Visit us on the Internet at www.FederalDaily.com Thrift SavingsPlanSharePrices FUNDS MAY 28 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 14.1074 14.0902 13.9093 15.9155 16.1787 15.6273 21.1645 20.1266 16.4257 28.8109 27.3252 21.8972 22.8437 22.6635 17.2277 16.2508 16.1210 15.2162 20.3046 19.9070 17.4256 21.5059 20.9748 17.8329 22.5066 21.8681 18.1977 12.6046 12.2059 9.9409 Federal Benefits Q&A Question: "I'm a law enforcement officer and will be subject to mandatory retirement on Jan. 31, 2014. My question relates to 'use or lose' annual leave. Is there any recourse to not using it by the Jan. 11, 2014, cutoff and extending it until Jan. 31, 2014, thus cash- ing out the 240 hours plus what I'm earning in 2013 (448 estimated)?" Answer: Assuming you are retiring Jan. 31, 2014, (this is two and a half weeks into the 2014 leave year), unless your agency requires you to work and you are therefore unable to take annual leave and use your leave hours at the end of the 2013 leave year, you will have to use your excess annual leave hours above 240 hours to avoid a "use or lose" situation with your annual leave. 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 5 last month that furloughs of U.S. Park Police officers and staff would end effective June 1. NPS said other cost-cutting measures--- together with savings from the three days of furloughs taken so far---"have signifi- cantly improved the USPP's financial situ- ation and made ending the furloughs pos- sible." "As a result of cost-cutting measures implemented earlier this year, and now armed with seven months of actual costs--- versus projections---we are able to reduce the furlough to the three days already taken," National Park Service Director Jonathan B. Jarvis said in a May 24 statement. However, Jarvis said that if sequester continues past this fiscal year, the agency would have to "continue to make tough decisions" and reevaluate the possibility of additional cuts and furloughs. Ian Glick, chairman of the U.S. Park Police Fraternal Order of Police, welcomed the announcement, but maintained that more remains to be done. "While this is encouraging news to the members of the USPP FOP, it is important to point out that the agency is still under- staffed, poorly funded and lacks financial control of its own operations," Glick said in a statement. To see more, go to: http://usppfop.org/. Campaign official chosen to head OPM President Obama on May 23 announced plans to nominate the former national political director of Obama for America as Office of Personnel Management director. Prior to serving in the president's re- election campaign organization, the nomi- nee, Katherine Archuleta, served as chief of staff at the Labor Department from 2009 to 2011. "Katherine brings to the Office of Personnel Management broad experience and a deep commitment to recruiting and retaining a world-class workforce for the American people," Obama said in a press statement. "I am grateful Katherine has agreed to serve, and I look forward to working with her in the coming years." Before serving at the Labor Department, Archuleta was a senior advisor on policy and initiatives for the City and County of Denver, Colo. She also has held federal posts at the Transportation Department and the Energy Department. To see more, go to: www.whitehouse. gov/the-press-office/2013/05/23/president- obama-announces-his-intent-nominate- katherine-archuleta-direct.
May 27, 2013
June 10, 2013