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Federal Employees News Digest : Nov 4, 2013
Federal Benefits Q&A Question: "If the 2014 pay raise comes to pass, would that be factored into high-three pay if one is retiring on May 31, 2014?" Answer: Yes, if a 2014 government pay increase takes effect on the first day of the 2014 leave year (Jan. 12, 2014, for most employ- ees) and if an employee were to retire on May 31, 2014, then the pay increase would be factored into the calculation of the high-three average salary for the period Jan. 12, 2014 - May 31, 2014. 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. Thrift SavingsPlanSharePrices FUNDS OCT. 29 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 14.2330 14.2045 13.9876 15.8955 15.7483 15.9668 22.7891 21.7302 17.7573 32.3275 31.0512 21.1999 25.1281 24.4161 19.6338 16.6490 16.4746 15.5847 21.3545 20.8660 18.4029 22.8784 22.2320 19.0363 24.1412 23.3682 19.5796 13.6299 13.1462 10.7861 November 4, 2013 Vol. 63, No. 16 12 Visit us on the Internet at www.FederalDaily.com continued from page 5 Contributions to the Roth TSP are made using after-tax funds from pay and bonuses. DFAS said changes it made to the Defense Joint Military Pay System (Reserve Component) have been tested to ensure accurate processing of members' contribu- tion elections, and that since Oct. 1, when the new capability kicked in, some mem- bers of the reserve and National Guard have begun to add the Roth TSP option to their accounts. The agency has posted Roth TSP work- sheets, forms and planning materials for reserve and National Guard members at: www.dfas.mil/militarymembers/rothtsp- formilitary/rothtsprc.html. TSA whistleblowers prevail The Office of Special Counsel confirmed the allegations of two Transportation Security Administration whistleblowers who reported retaliation after they exposed wrongdoing at New York's Syracuse Hancock International Airport. One of the employees, a TSA adminis- trative officer, had disclosed misuse of a government vehicle, the misuse of financial rewards, a hostile work environment, and other misconduct. The other worker, a TSA program analyst, had disclosed misuse of government vehicles. Shortly after reporting the issues inter- nally at the Department of Homeland Security, each employee experienced vari- ous forms of retaliation, OSC said, includ- ing a proposed 14-day suspension for one employee and a letter of reprimand for the other. OSC said both employees received full corrective action after its investigation con- firmed their allegations of retaliation. The supervisor in the case accepted a voluntary demotion and a transfer to another loca- tion. The agency announcement is at: www. osc.gov/documents/press/2013/pr13_08.pdf.
Oct 28, 2013
Nov 11, 2013