Tag

Federalemployees

All articles tagged with #federalemployees

politics1 year ago

DOGE's Telework Debate: Balancing Austerity and Employee Retention

Elon Musk and Vivek Ramaswamy, appointed by President-elect Donald Trump to lead the Department of Government Efficiency, are advocating for federal employees to return to in-person work, aiming to reduce costs and potentially prompt voluntary resignations. While flexible work arrangements existed pre-pandemic, the Office of Management and Budget has pushed for increased in-person work post-pandemic. However, telework policies vary significantly across federal agencies, and changes could face challenges from union agreements. Critics argue that a blanket return-to-office mandate may not yield significant savings and could drive talent to the private sector.

politics1 year ago

Musk and Ramaswamy Lead Charge Against Federal Remote Work

President-elect Donald Trump's Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy, is considering ending remote work for federal employees to reduce the workforce through attrition. This initiative, known as DOGE, aims to mandate a five-day in-office workweek, potentially causing many federal workers to quit. The plan, which may be implemented through executive orders, is part of a broader effort to cut government spending. Critics argue that such changes could disrupt lives and not yield significant savings.

politics2 years ago

"Congress Grapples with Impending Government Shutdown Deadline"

Lawmakers are set to announce a temporary funding bill to avert a government shutdown until March, with funding for various agencies set to expire soon. House Speaker Mike Johnson faces pressure from ultraconservative House Republicans over the spending deal, but he is not backing out. If the temporary measure isn't passed before Friday at midnight, a government shutdown could lead to furloughs for federal employees and impact various government services.

finance-and-retirement-planning2 years ago

"Maximizing Retirement Savings in 2024: Strategies and New Rules to Know"

The article provides guidance for federal employees on how to maximize their Thrift Savings Plan (TSP) contributions in 2024, with the new maximum amount being $23,000 for those under 50 and catch-up contributions of $7,500 for those over 50. It emphasizes the importance of max funding in the last decade of work to boost retirement savings and suggests reallocating investments to more stable funds as retirement nears to preserve capital. The piece also highlights the TSP's limitation of commingled funds and suggests considering outside options for more strategic withdrawals in retirement. Financial advice is recommended, especially as the time to recover from losses is shorter in later years.