Rep. Gerry Connolly, D-Va., introduced the Federal Adjustment of Income Rates (FAIR) Act recently which would give civilians a two percent adjustment to their base pay, and a 1.2 percent average increase to their locality pay.
TSP - FEDmanager - News for feds
Two senators introduced a bill to relax Thrift Savings Plan withdrawal restrictions on Thursday.
The announcement of the United Kingdom’s decision to leave the European Union (also known as “Brexit”) caused a stir in the financial markets last week, and put several of the Thrift Savings Plan’s (TSP) offerings in the red Friday.
This week, Representative Jason Chaffetz (R-UT), who chairs the House Oversight and Government Reform Committee, spoke out about his intent to reform federal employees’ retirement benefits and job security.
This week, the Securities and Exchange Commission charged four brokers from a firm in Alpharetta, Georgia with fraud, alleging the men fooled senior federal employees into moving large amounts of money from their Thrift Savings Plan (TSP) into investments with hefty fees.
Markets dropped drastically in June after the United Kingdom voted to leave the European Union, and following the fallout from the Brexit, Thrift Savings Plan (TSP) enrollees moved $1.8 billion into the G Fund in June.