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Federal Employees News Digest : June 10, 2013
June 10, 2013 Vol. 62, No. 45 8 Visit us on the Internet at www.FederalDaily.com Thrift SavingsPlanSharePrices FUNDS JUNE 4 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 14.1112 14.0941 13.9153 15.8691 16.1347 15.7250 20.8094 20.5415 15.9430 28.2730 27.8812 20.9525 22.5410 23.1320 16.7071 16.1984 16.1880 15.1300 20.1282 20.1238 17.1300 21.2687 21.2617 17.4501 22.2199 22.2109 17.7452 12.4244 12.4223 9.6603 Federal Benefits Q&A Question: "I am considering retiring and accepting a voluntary separation incentive payment (VSIP) buyout at age 53. With 27 years of covered firefighter service, will I have to wait until my minimum retirement age to receive the FERS supplement? I'm being told by HR that this is considered early retirement even though I've met both the age and time requirements." Answer: As a firefighter covered by FERS, if you retire early (before your MRA) under a VSIP at the age of 53 with 27 years of service, you will be eligible to receive the FERS annuity supplement immediately. In other words, you will not have to wait until your MRA to start receiving the FERS annuity supplement. In addition, if you work after you retire, your FERS annuity supplement will not be subject to the "earnings test" until the month you reach MRA. 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 "My predecessors have taken this sus- pension action during previous debt limit impasses," Lew noted in the letter. "By law, the G Fund will be made whole once the debt limit is increased" "Federal retirees and employees will be unaffected by this action," he added. Lew urged Congress to increase the debt limit "to protect America's good credit and avoid the potentially cata- strophic consequences of failing to act ..." See the letter at: www.treasury.gov/ initiatives/Documents/Debt%20Limit%20 G%20Fund%2020130531%20Boehner. pdf. VA meets mental health hiring goal The Department of Veterans Affairs last week said it had reached its goal of hiring 1,600 new mental health profes- sionals. VA said that as of May 31 the depart- ment had hired 1,607 new mental health clinical providers, as well as another 2,005 mental health clinical providers to fill existing vacancies. The hiring goal was laid out in an executive order issued by President Obama last August. The order, which directed VA to hire the 1,600 mental health professionals by June 30, 2013, aims to bolster access to mental health services for vets, service members and military families. VA said it also had brought onboard 318 new peer-to-peer counseling special- ists as of May 31. The president's order gives VA until Dec. 31, 2013, to hire and train a total of 800 new peer specialists. "Meeting this hiring milestone signifi- cantly enhances our ability to improve access to care for those veterans seek- ing mental health services and demon- strates our continued commitment to the health and well-being of the men and women who have served the nation," VA Secretary Eric Shinseki said in a state- ment. VA said it provided mental health care to more than 1.3 million veterans in fiscal 2012, up from around 927,000 in fiscal 2006. To see more, go to: www.va.gov/opa/ pressrel/pressrelease.cfm?id=2450. See the 2012 order at: www.whitehouse.gov/the- press-office/2012/08/31/executive-order- improving-access-mental-health-services- veterans-service.
June 3, 2013
June 17, 2013