FederalDaily - April 5, 2005
Companies Vie for TSA Screening Work
Lockheed Martin of Bethesda , Maryland , and Covenant Aviation Security (CAS)
of Chicago , Illinois , have teamed together to compete for work under the
Transportation Security Administration (TSA) Screening Partnership Program
(SPP). CAS currently provides passenger and baggage screening services as part
of the TSA Security Screening Pilot Program and Lockheed has trained and deployed
the federal passenger screeners for TSA. Under SPP, airport operators may submit
an application to have security screening carried out by a private company
instead of federally-employed screeners. According to Lockheed and CAS, it
is anticipated that TSA will award SPP contracts beginning in May 2005.
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DOE Lab Discusses Job Reductions
According to a recent statement by the Brookhaven National Laboratory (BNL)
of Upton, New York, over the past several years the lab has generally seen
flat or slightly declining budgets. When an average 3 percent increase per
year in inflationary costs and double-digit annual medical insurance increases
are factored in, this funding profile has led to a slow but steady decline
in the total number of staff, from 2,912 in 2000 to the current level of 2,742,
according to the lab. The decline has accelerated, and BNL expects to lose
a total of 95 staff members through both voluntary and involuntary reductions
in force this fiscal year, which ends Sept. 30, 2005. The laboratory will first
ask for voluntary reductions, which is expected to account for more than 50
percent of the total required reduction. The remainder will be accomplished
through involuntary separations.
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Soldiers Accused of Smuggling Cocaine
Five American soldiers were detained on March 29 for allegedly participating
in a cocaine smuggling scheme, according to a U.S. Southern Command news release.
The soldiers “are under investigation for allegedly attempting to transport
approximately 16 kilograms of cocaine aboard a U.S. military aircraft,” the
release stated. The servicemembers are in the United States and were detained
as a result of investigations conducted in the U.S. and Colombia. The American
and Colombian governments are working together in investigating charges as
part of the ongoing criminal investigation into the soldiers’ activities,
the release said.
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TSP Monthly Returns for G, F, C, S and I Funds
Rates of Return were updated on April 1, 2005.
| |
G
Fund |
F
Fund |
C
Fund |
S
Fund |
I
Fund |
| March 2005 |
0.37% |
(0.48%) |
(1.71%) |
(1.86%) |
(2.52%) |
Last 12 months*
(4/01/2004 to 3/31/2005) |
4.45% |
1.17% |
6.76% |
7.95% |
14.96% |
Percentages in ( ) are negative.
* The returns for the G, F, C, S and I funs for the past 12 months,
assuming that, with the exception for the crediting of earnings,
unchanging balances (time-weighting) from month to month and assuming
that earnings are compounded on a monthly basis.
The monthly G, F, C, S, and I Fund returns represent the
actual total rates of return used in the monthly allocation of earnings to
participant accounts. The returns are shown after deduction of accrued TSP
administrative expenses. The F, C, S, and I Fund returns also reflect the deduction
of trading costs and accrued investment management fees. The most current G,
F, C, S, and I Fund rates of return are shown above. Returns are updated after
the monthly allocation of earnings, usually by the fourth business day of the
month.
For more on TSP, click here.
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