FederalDaily - December 5, 2006
NTEU Hammers Bush Pay Plan
The National Treasury Employees Union (NTEU) was sharply critical of a new alternative pay plan President
Bush sent to Congress last week. The proposed plan calls for an average 2.2 percent federal pay raise,
including a 1.7 percent hike in basic pay and an average 0.5 percent rise in locality pay. According
to NTEU, for about half of federal employees, that would mean only a 1.8 percent increase in pay. An
earlier 2.7 percent raise approved by the full House and the Senate Appropriations Committee has been
stalled and has not yet been passed into law. “Overall, (the) action by the White House is a
disservice to the talented, dedicated and experienced federal employees who serve the public every
day,” said NTEU President Colleen Kelley on Dec. 1. Kelley said the union would continue to pursue
the 2.7 percent raise. To see more, go to: www.nteu.org
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Group Applauds Labor Dept. Request on FMLA
A group representing human resources professionals hailed a Department of Labor request for public
comment on the way it administers the Family and Medical Leave Act (FMLA). The Dec. 1 request is welcome
news for both employers and employees, said Susan Meisinger, president and chief executive officer
for Society for Human Resource Management. Meisinger said that although the family leave benefit has
worked fairly smoothly, the FMLA’s medical leave protections have been hindered by regulatory
ambiguity about what is and what is not covered. Problems have been caused by contradictory opinion
letters, adverse federal court rulings and divided regulatory advice, Meisinger said. “We hope
this Request for Information leads to real action and real improvements,” said Meisinger. The
public has until Feb. 2 to comment. To see more, go to: www.shrm.org/press_published/CMS_019429.asp#P-4_0
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TSP Monthly Returns
Rates of Return were updated on November 1, 2006.
| |
G Fund |
F Fund |
C Fund |
S Fund |
I Fund |
| November 2006 |
0.43% |
1.08% |
1.91% |
3.54% |
2.96% |
Last 12 months*
(12/01/2005 to 11/30/2006) |
5.04% |
5.96% |
14.25% |
15.61% |
28.20% |
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.
| |
L 2040 |
L 2030 |
L 2020 |
L 2010 |
L Income |
| November 2006 |
2.32% |
2.03% |
1.78% |
1.34% |
0.79% |
| Last 12 Months |
16.54% |
15.04% |
13.65% |
11.11% |
7.55% |
For more on TSP, click here.
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