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Federal Employees News Digest : July 1, 2013
July 1, 2013 Vol. 62, No. 48 8 Visit us on the Internet at www.FederalDaily.com Thrift SavingsPlanSharePrices FUNDS JUNE 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 14.1254 14.1052 13.9262 15.5228 15.9967 15.7448 20.2802 21.0315 16.4073 27.6079 28.5434 21.4394 21.3982 22.8580 17.4322 16.0886 16.2376 15.2371 19.7561 20.2593 17.4426 20.7748 21.4434 17.8388 21.6273 22.4300 18.1938 12.0497 12.5563 9.9360 Federal Benefits Q&A Question: "I'm planning to retire on Nov. 30, 2013. From what I've read, I should submit my retirement papers 90-120 days before my retirement date, which means in the August timeframe. If I've submitted my paperwork ahead of time and then my organiza- tion offers a Voluntary Early Retirement Authority/Voluntary Separation Incentive Payment after Oct. 1, will I still be able to get the VSIP?" Answer: At many agencies, if a VSIP/VERA is being offered, then an eligible employee has to apply for the VSIP/VERA and be approved before submitting an application for retirement. Also, at many agencies for the current fiscal year in which VERAs/ VSIPs are being offered, employees who are approved for the VSIP or VERA must retire before Oct. 1, 2013. You should apply for a VERA/VSIP before submitting your retirement application. Otherwise, your agency may not have any incentive to give you a VSIP, assuming a VSIP is being offered at your agency. 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 the refusal last month of an IRS official to answer questions at a congressional hear- ing. That official, who first revealed that IRS had targeted tea party groups for extra scru- tiny when considering them for tax-exempt status, cited her Fifth Amendment rights in declining to answer questions from a congressional panel investigating the issue. The legislation, which was introduced by Rep. Mo Brooks (R-Ala.), also would give Congress the power to terminate any employee who provides false testimony. According to the bill, "if three-fourths of the congressional body to whom the testimony was given finds that a federal employee willfully or knowingly gave false testimony in a congressional hear- ing, then such employee shall be termi- nated from employment." Read the bill at: www.gpo.gov/fdsys/ pkg/BILLS-113hr2458ih/pdf/BILLS- 113hr2458ih.pdf. DOL website addresses women vets’ employment The Department of Labor has created a new website that offers help and advice on employment issues affecting women veterans. Three DOL entities---the Veterans' Employment and Training Service, Women's Bureau and Office of the Secretary---cooperated to create the site as part of the Labor Department's efforts to address the distinct work-related issues encountered by women veterans. DOL said the site "highlights potential challenges that may affect the economic security of women veterans." The depart- ment points out that women vets, for exam- ple, are more likely than male counterparts to have significant service-related disabili- ties; are twice as likely to be divorced as male vets; and are more likely to be raising children alone---11 percent of women vets versus 4 percent of male vets. Women vets also tend to earn about $6,000 less per year than male vets. The website includes links to sites and pages that offer information on employment opportunities, education and professional development, mentoring, health care and other pertinent topics---as well as links to statistics, research studies and guides related to women veterans' employment issues. See the website at: www.dol.gov/vets/ womenveterans/.
June 24, 2013
July 8, 2013