September 12, 2014 The Daily Update Recent Headlines IRS Can Now Collect Back Taxes From Federal Employees’ TSP Accounts If you are a federal employee with outstanding tax debts, you may find that money from your TSP account is garnished to make good on those debts. See Also: * Do You Owe Back Taxes and Have a TSP Account? Be Forewarned * Chaffetz: Federal Employees Who Dont Pay Their Taxes Should Be Fired * Pay Your Taxes, or Be Confined to These United States * Rep. Chaffetz to Congress: Pay your Taxes OPM Investigator Admits Falsifying Background Checks Of Federal Workers Prosecutors say a former background investigator for the U.S. Office of Personnel Management has pleaded guilty to falsifying work on background investigations of federal employees and contractors. Why Net Worth Matters More Than Income It’s great to have a six-figure job, but not focusing on net worth could destin you to work at that job forever. See Also: * Are You Ever Too Old to Invest? * Planning for Retirement Throughout a Federal Career * How Are Your TSP Funds Invested? Bipartisan Support for Whistleblower Protection Bill Congress passed the Whistleblower Protection Enhancement Act in 2012, after more than a decade of pushing by employee advocates, but its protection is not as strong as it needs to be. TSP Plan Targets Retirement Messages to Younger Generation EBN’s annual i-COMM Awards recognize the best in internal communication of benefits. In this four-part series, we highlight this year’s winners, including the Federal Retirement Thrift Investment Board, winner of Best Use of Social Media. See Also: * Are You Losing Free Money in Your TSP Account? Will New Combined Federal Campaign Rule Stem its Precipitous Decline? The 2014 Combined Federal Campaign has launched this year with a new component. Social Security and Unpaid Student Loans: What the Feds Won’t Tell You The Government Accountability Office, reported that 155,000 people last year had their Social Security checks docked to pay off a delinquent student loan. None of these reports, however, explains that the government doesn’t actually consider Social Security and similar benefits as income under its income-based repayment plans for student loans. How to Keep Your Federal Workers From Looking Elsewhere The federal workforce is shrinking, as more and more employees leave government and the rate of hiring declines. Unfortunately, this also comes at a time when the demands upon government are growing. See Also: * Inadequate Resources Are Turning Fed Employees into MacGyvers * Government Pays the Price for Making Fed Employees Depressed Latest Daily TSP Rates September 11, 2014 Close Change % L Income $17.3106 +0.0062 +0.04% L 2020 $22.7827 +0.0184 +0.08% L 2030 $24.7001 +0.0266 +0.11% L 2040 $26.2785 +0.0344 +0.13% L 2050 $14.9370 +0.0217 +0.15% G Fund $14.5203 +0.0008 +0.01% F Fund $16.4575 +0.0050 +0.03% C Fund $26.1964 +0.0303 +0.12% S Fund $35.8506 +0.1730 +0.48% I Fund $26.0392 +0.0061 +0.02% More TSP rates and data at TSPDataCenter Blogs Get additional news, retirement advice and more at the FedSmith Blogs site. About this Email The FedSmith daily update is a summary of some of our latest headlines posted in the last 24 hours. We update our site throughout the day with new stories, so be sure to get the latest news 24/7 at FedSmith!
Posted on: Mon, 15 Sep 2014 17:56:18 +0000
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