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Federal Employees News Digest : Dec 9, 2013
Federal Benefits Q&A Question: "I am in FERS with just over 30 years of service and am past my minimum retirement age (64). If my organization conducts a Reduction In Force, what criteria do they need to follow to fairly give me a proposed involuntary separation for a Discontinued Service Retirement? My understanding is that under a DSR, one is not eligible for Voluntary Separation Incentive Payment or severance pay but the annuity would start the day after separation. Is that correct?" Answer: If your agency conducts a RIF/DSR, you are eligible for an “early” retirement because you have the years (at least 25). An early retirement means that either a Voluntary Early Retirement Authority (no buyout) or a VSIP (with a buyout) will be offered to you. Either way, you will immediately receive your FERS annuity starting the month after you retire. 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 DEC. 3 ONE MONTH AGO ONE YEAR AGO 1 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 14.2622 14.2356 14.0075 15.8041 15.8386 16.0271 23.1488 22.6602 17.7797 32.3988 31.8829 23.6352 24.8372 24.7306 20.2165 16.6920 16.6164 15.6413 21.4248 21.2380 18.5413 22.9612 22.7180 19.2183 24.2323 23.9440 19.7921 13.6817 13.5031 10.9181 December 9, 2013 Vol. 63, No. 21 8 Visit us on the Internet at www.FederalDaily.com continued from page 5 timing and magnitude of tax refunds and receipts in February, March, and April could shift that date of exhaustion into May or June." See the report at: www.cbo.gov/sites/ default/files/cbofiles/attachments/44877- FederalDebt_1.pdf. Military Whistleblower Protection Act debuts A group of Senate lawmakers last month introduced a bill to strengthen military whistleblower protection laws. The Military Whistleblower Protection Act---cosponsored by Sens. Mark Warner (D-Va.), Susan Collins (R-Maine), Tim Kaine (D-Va.) and Chuck Grassley (R-Iowa)---would extend whistleblower protections to witnesses as well as victims. According to the cosponsors, the bill also would ensure that corrective relief is pro- vided to victims of retaliation, and that those who retaliate for whistleblower activ- ity are disciplined. The legislation also extends the current 60-day period to file a report to one year, and requires service branches in confirmed cases of retaliation to submit victims' requests to clean up their records to the Board for Military Correction of Records, rather than leave that task up to victims themselves. "Improving the military's whistleblower system is an important step toward encour- aging whistleblowers to report fraud, waste, and other misconduct, especially sexual assault," Warner said. "Our military men and women should trust that our justice system will protect them and provide an environment free of retaliation." "There's plenty of evidence that military personnel have an unbelievably difficult time when blowing the whistle on misconduct, fraud or even sexual assault," Grassley said. "Too often, these complaints get tossed into the garbage for no good reason. Retaliation seems to be the norm rather than the excep- tion. These are simple changes that can make a big difference for whistleblowers." See more at: www.warner.senate.gov/ public/index.cfm/2013/11/sens-warner-col- lins-kaine-grassley-introduce-legislation-to-
Dec 2, 2013
Dec 16, 2013