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Federal Employees News Digest : Sep 23, 2013
September 23, 2013 Vol. 63, No. 10 8 Visit us on the Internet at www.FederalDaily.com Thrift SavingsPlanSharePrices FUNDS SEPT 16 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 14.1944 14.1674 13.9663 15.5392 15.5125 15.8449 21.7922 21.2186 14.4025 30.6220 29.558 24.4605 24.0077 23.3842 20.1960 16.4370 16.3192 15.6717 20.7749 20.4470 18.7450 22.1128 21.6812 19.4958 23.2235 22.7074 20.1344 13.0559 12.7325 11.1351 Federal Benefits Q&A Question: "My son is listed as my TSP beneficiary and is a current government employee. When I pass, can he deposit what is left in my TSP account directly to his TSP account without any taxes or penalties?" Answer: Upon your death, your son as your TSP beneficiary would not be able to request a direct transfer of your TSP account into his TSP account. He would be able to request a direct transfer of your TSP account into what is called an "inherited" (death) traditional IRA from which he could receive annual lifetime distributions based on his life expectancy. 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 Coburn to feds: Turn that off One Republican lawmaker is asking federal employees to do their part, no matter how small, to help the govern- ment reduce energy costs. Turn off the lights. Included in a number of amendments to the Energy Savings and Industrial Competitiveness Act of 2013 by Sen. Tom Coburn (R-Okla.) is a proposal that would direct the Secretary of Energy to issue guidelines to all federal agencies to reduce energy costs by requiring federal employees to turn off the lights and other applicable appliances in their offices at the end of the day. According to Coburn, the U.S. gov- ernment is the largest energy consum- er in the country, despite a number of energy efficiency projects going on across agencies, including one at the Environmental Protection Agency in Crystal City, VA., where Coburn says "numerous checks by my staff after reg- ular working hours found the building nearly entirely lighted, even on weekend evenings and late nights." Coburn notes that at the Department of Energy, an agency considered to be the leader an energy efficiency, more than $2 million electric utility operating costs could be saved each year by simply turning off the lights and using more energy efficient technology. "This amendment would encourage DOE to make the federal government lead by example by reducing unneces- sary energy use with some of the most simple and commonsense advice we have all heard from our own mothers--- to turn off the lights," Coburn said. Coburn's amendment pro- posal is available at: http://www. coburn.senate.gov/public/index. cfm?a=Files.Serve&File_id=cb16b652- 0712-4696-a24b-c8ff6ce1f56e.
Sep 16, 2013
Sep 30, 2013