• More Data Needed to Understand Impact of New Technologies on Workforce, GAO Finds

    More Data Needed to Understand Impact of New Technologies on Workforce, GAO Finds

    Fear has loomed for quite some time regarding the impact of automation on the U.S. workforce, and a recent Government Accountability Office (GAO) report only raises more questions. While the GAO was able to gather some information regarding the impact of advanced technologies on employment trends, lacunae persist. To fill these data gaps, the GAO requests that the Department of Labor (DOL) use existing or new data collection methods to better track how the workforce is impacted by new technologies.

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TSP - FEDmanager - News for feds

2018 Fed Pay Raises, TSP Continues to Grow

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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. 

Brexit Shakes Up TSP Plans

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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.

Chaffetz Talks Changes to Feds’ Job Security and Retirement

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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.

Major Shifts to the G Fund Following Brexit

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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. 

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