Federal employees overall are satisfied with their 401(k)-style retirement savings plan, but many don’t understand its key features, according to an employee survey released Monday.
The Thrift Savings Plan governing board heard at its monthly meeting Monday that nearly a fifth of employees under the Federal Employees Retirement System — which generally covers those hired starting in 1984, more than 80 percent of the federal workforce — don’t understand the potential for employer contributions into their accounts.
NEW YORK — Despite extensive efforts to educate workers about saving for retirement, many employees are not doing a good job of managing their company-sponsored 401(k) accounts, a new study indicates. The analysis of nearly 1 millio... Read Post
At the Washington Post, Stephen Barr has a piece about the Hatch Act and federal employees. Barr describes the Hatch Act in this way: The law prohibits federal employees from engaging in political activity while on duty, wearing c..... Read Post
Finding stories such as these is like shooting fish in a barrel. But they never become less irritating and outrageous. Federal employees used government credit cards to pay for lingerie, gambling, iPods, Internet dating services, an... Read Post