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Tuesday, October 31, 2017

Veteran's Day Holiday Schedule

  CAD Issues Memorandum to Address Veteran's Day Schedule Inquiries
2017 memo Veterans Day
Veterans' Day is celebrated on Nov. 11th-- in 2017, the holiday falls on a Saturday. In view of the confusion caused by this anomaly, the Contract Administration Department issued a memorandum intended to clarify the holiday schedule for Mail Handlers.

The October 25, 2017 memo and related guidance is available at this link. (pdf)
Reference: www.npmhu.org

Tuesday, October 24, 2017

The TSP’s all-in-family millionaire’s club

  The TSP’s all-in-family millionaire’s club

"...Aside from a few wealthy political appointees from the current and past administrations, the vast majority of people with million-dollar accounts were individuals with careers averaging 28 years, who invested in the C and S stock indexed funds through good times and bad, and who did not panic and retreat to the “safety” of the treasury securities G fund during the Great Recession..."

Reference: federalnewsradio.com  

Friday, October 6, 2017

House Budget is an attack on FERS employees more so than CSRS, cuts G Fund rate, ends SRS, raises employee contributions again

  House advances 2018 budget resolution with federal retirement cuts

"...elimination of supplemental payments (SRS) to employees who retire before age 62; A switch to a defined contribution pension plan for new federal employees; reduce the G fund’s rate of return ..."

Reference: federal-employees.blogspot.com  

Thursday, October 5, 2017

Unions seek assistance in rejecting 2018 House Budget that is an outright assault on postal and federal workers

  Oppose the 2018 House Budget - Fight Again for Working Families!

"...CALL 1-844-402-1001 NOW! Tell your member of Congress to VOTE NO against any budget that includes attacks to postal and federal employees’ benefits, including retirement benefits, or undermines the public Postal Service itself! As currently written, this budget will slash the pay and benefits of postal employees. It calls for: Increasing employee pension contributions into FERS, amounting to a pay cut of thousands of dollars a year for each FERS postal employee. Taking away the Social Security supplement for FERS employees who retire before they are eligible for Social Security benefits. Outright eliminating pensions for new hires..."

Reference: www.apwu.org  

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