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Federal Employees News Digest : Dec 16, 2013
Federal Benefits Q&A Question: "I am taking a CSRS retirement on Jan 3, 2014. If a new locality adjustment is approved for my locality beginning in 2014, would that adjustment be calculated in my annual leave payout? I will retire with 440 hours of annual leave." Answer: Assuming that there is a government-wide pay increase of 1 percent and perhaps some amount of a locality pay increase (in some jurisdictions) effective Jan. 12, 2014, those employees retiring in early January 2014 with a sufficient amount of unused annual leave will be paid in a lump sum for their unused annual leave. Part of the unused leave payment will include the pay increases. 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. 10 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 14.2684 14.2414 14.0112 15.8187 15.7580 16.0659 23.2560 22.7964 17.9069 32.4990 31.8233 23.8578 24.7252 24.6960 20.3038 16.7056 16.6261 15.6678 21.4491 21.2615 18.6207 22.9918 22.7467 19.3117 24.2683 23.9755 19.9025 13.7023 13.5226 10.9855 December 16, 2013 Vol. 63, No. 22 8 Visit us on the Internet at www.FederalDaily.com continued from page 5 the initiative, which also marks the three- year anniversary of the government-wide 2010 Telework Enhancement Act. The site also tracks savings in costs, pol- lutants, work hours and commuting times. Last year, the 136,000 pledges helped save $12.3 million in commuting costs and 665,936 workday hours, prevented 7,892 tons of pollutants from enter- ing the air, and helped telecommuters refrain from driving 12.1 million miles, according to the organization. Details on the effort are at: www. mobileworkexchange.com/teleworkweek/ news/4333. VA details 2014 COLA The Department of Veterans Affairs announced that vets, families and sur- vivors who receive disability compen- sation and pension benefits from the organization will get a 1.5 percent cost- of-living adjustment beginning Jan. 1. VA said that for the first time, pay- ments will not be rounded down to the nearest dollar, which was required by law up to this year. By law, VA compensation and pension COLAs must match those for Social Security benefits. The increase also applies to disability and death pension recipients, survivors receiving depen- dency and indemnity compensation, automobile and clothing allowances for disabled vets, and other benefits. VA said that for veterans without dependents, new compensation rates will range from $130.94 per month for a 10 percent disability rating to $2,858.24 per month for 100 percent. The department has posted the full rates at www.benefits.va.gov/compensa- tion/rates-index.asp.
Dec 9, 2013
Dec 23, 2013