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Federal Employees News Digest : July 29, 2013
July 29, 2013 Vol. 63, No. 2 8 Visit us on the Internet at www.FederalDaily.com Thrift SavingsPlanSharePrices FUNDS JULY 23 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 14.1476 14.1227 13.9408 15.7064 15.5882 15.9380 21.6446 20.3341 16.8918 30.1554 27.6100 21.9999 23.1205 21.4822 17.5905 16.3530 16.0986 15.3352 20.5670 19.7879 17.6905 21.8522 20.8162 18.1469 22.9215 21.6762 18.5495 12.8631 12.0800 10.1477 Federal Benefits Q&A Question: "I am retiring on July 31, 2013. The pay period ends on July 27, 2013. My question regarding the pay check for the first three days of the next pay period is:. Will they deduct my share of payment for health benefits? How about TSP, will they deduct the contribution?" Answer: Even though you are working for only three days of the last pay period, your payroll office will deduct from your paycheck the full share of your FEHB health insurance premium (as well as other insurance premiums such as life insurance) and your TSP contribution (if you are using a dollar amount to contribute, then the full dollar amount will deducted; otherwise, a percentage of your gross wages). 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. perform certain union functions was intro- duced July 17 in the Senate. Sen. Tom Coburn (R-Okla.) proposed the Federal Employee Accountability Act. He was joined in the effort by a group of other, often union-skeptical co-sponsors--- including Sen. John Cornyn (R-Texas), Marco Rubio (R-Fla.), John Thune (R-S.D.) and David Vitter (R-La.), among others. Currently, under the 1978 Civil Service Reform Act, federal employees can use work hours for certain union-related activ- ities. The new bill, according to its spon- sors, would cut union use of official time while still providing adequate exceptions for when unions and agencies agree the use of official time is "reasonable, necessary, and in the public interest." Sen. Coburn's press release is available at http://www.coburn.senate.gov/public/ index.cfm/pressreleases?ContentRecord_ id=0c08965d-274b-4c8e- a714-139076646994. Union slams postal reform bill The House Oversight and Government Reform Committee is considering a new bill that outlines specific plans to stem deep deficits at the Postal Service. The bill (H.R. 2748) introduced July 18, is co-sponsored by the chairman of the full committee, Rep. Darell Issa (R-Calif.), Rep. Blake Farenthold (R-Texas), chair- man of the subcommittee on Postal Reform, and Rep. Dennis Ross (R-Fla.). Proponents of the bill claim that it restores protection to rural Postal Service facilities ---compared to previous propos- als backed by Issa. But critics contend that the bill --- like similar ones before it --- fails to protect postal workers and existing labor agreements, among other issues. "Deeply disturbing," is how the American Postal Workers Union described the legislation. The union, in a statement, said the bill "would punish postal workers, privatize major portions of the USPS, and deprive the American people of vital services." The bill "falls short of what is needed," echoed the National Association of Letter Carriers in a separate statement. continued from page 5
July 22, 2013
Aug 5, 2013