nasa1974's Account Talk

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So the Feds say they will not raise rates until 2014 and the whole board went green. Tomorrow will be interesting.
 
GovExec.gif
http://www.govexec.com/

Panel debates cuts to federal retirement benefits
Proposals to reduce lawmaker benefits prove popular at congressional hearing.
49859_breakingnews.jpg
Rep. Dennis Ross, R-Fla., suggests recalculating FERS benefits.
COURTESY OVERSIGHT AND GOVERNMENT REFORM COMMITTEE


· Play of the Day -- Did Obama channel Oprah during the State of the Union? 01/26/12
A daily roundup of late-night video.

· Report: Military realignment to emphasize drones and special forces 01/26/12
Plan cuts back on conventional forces.

· Gingrich wants U.S. base on the moon 01/26/12
When 13,000 Americans are living on the moon, they can petition to become a state, GOP contender says.

· House Democrats: Don't cut federal pay and benefits 01/25/12
Several lawmakers urge conference committee to reject proposals reducing federal compensation to finance payroll tax cut extension.

· Army planning to eliminate brigades 01/25/12

· Symantec software upgrade caused Military Health Record System shutdown 01/25/12

· Obama taps new Defense acquisition chief 01/25/12

· Consumer Bureau chief vows cooperation with skeptical Republicans 01/25/12

· Report: Geithner doesn't expect to serve a second term 01/25/12

· Play of the Day -- What if GOP debates were silent films? 01/25/12

· U.S. raid frees two hostages in Somalia 01/25/12
 
GovExec.gif
http://www.govexec.com/

Defense budget plan cracks down on pay hikes
Both military and civilian raises would be limited under strategy for cutting $487 billion over 10 years.

· Budget preview hits Defense contractors on weapons and management 01/26/12
Panetta aims to save $60 billion in five years by 'improving business practices across the department.'

· Administration to request new round of base closures 01/26/12
Defense secretary says there's 'no more effective process' than BRAC, despite failings.

· Federal workers' comp program remains vulnerable to fraud 01/26/12
Several bills are pending in Congress that would tighten up oversight of benefits for feds injured on the job.

· Dempsey says new Pentagon budget will balance past lessons, future threats 01/26/12
The chairman of the Joint Chiefs of Staff will join the Defense Secretary on Thursday afternoon to announce plan details.

· Navy to award $690 million network contract next week 01/26/12

· 'Premature' to use military force against Iran, Joint Chiefs chairman says 01/26/12

· Defense spending panel says sequestration wouldn't be disastrous 01/26/12
 
SPN46er said:
Well here's to hoping we don't have a February like 2009 :worried:
Click to expand...

Nah, although March could be interesting...

leaving.gif
 
Yahoo! Finance
[URL]http://finance.yahoo.com/news/most-federal-workers-overpaid-cbo-223938063.html[/URL]

Are Most Federal Workers Overpaid? CBO Says Yes
By contributors@theatlantic.com (Jordan Weissmann) | The Atlantic – 14 hours ago

The less educated you are, the better it is to work for the federal government -- at least when it comes to your paycheck.
That's more or less the finding of a new study by the Congressional Budget Office, which compared federal workforce compensation to the private sector using data from 2005 through 2010. The big headline figures, sure to make the rounds in conservative media, are that government employees made 2% more in wages, and 16% more in overall compensation, than their private sector counterparts. But as the graph below shows, there were vast variations between education levels.
View attachment 17370
The higher your degree, the lower your salary and benefits compared to your educational peers. A high school graduate earned 36% more compensation than an equivalent private sector worker. A college graduate earned roughly the same salary, but made about 46% more in benefits. If you had a professional degree or doctorate, you made an average of 18% less in compensation.
It's great that the federal government is providing livable wages to workers, and their families, who would probably have a tough time of it in the private sector. But as an efficient use of resources, the current setup doesn't make much sense. This might sound cold-hearted to some, but this is exactly the opposite of what the chart should look like if we're interested in attracting the best and brightest to public service, and keeping them there. According to the CBO, a full 33% of the federal workforce is employed in professional occupations, such as science and engineering, compared with 18% of the private sector. And yet, the better your bona fides, the more likely you are making less money than the friends you graduated with, and the more pressure there is to use government experience as a stepping stone to a more lucrative career. True, federal workers enjoy better job security than their private sector counterparts. As USA Today vividly put it, employees at some agencies are more likely to die than than get fired. Literally. But top performers generally care more about their pay stub than tenure. What we have now is simply a recipe for losing talent.
And for those wondering, no, the CBO didn't compare investment bankers to USDA program analysts. The analysis controlled for various differences between workers, including years of experience, occupation, the size of their employer and geography. This is, as much as possible, an apples to apples comparison.
The upshot: Federal pay might be too high overall, and it's probably not getting us a better government.
 
nasa1974 said:
Yahoo! Finance
[URL]http://finance.yahoo.com/news/most-federal-workers-overpaid-cbo-223938063.html[/URL]

Are Most Federal Workers Overpaid? CBO Says Yes
By contributors@theatlantic.com (Jordan Weissmann) | The Atlantic – 14 hours ago

The less educated you are, the better it is to work for the federal government -- at least when it comes to your paycheck.
That's more or less the finding of a new study by the Congressional Budget Office, which compared federal workforce compensation to the private sector using data from 2005 through 2010. The big headline figures, sure to make the rounds in conservative media, are that government employees made 2% more in wages, and 16% more in overall compensation, than their private sector counterparts. But as the graph below shows, there were vast variations between education levels.
View attachment 17370
The higher your degree, the lower your salary and benefits compared to your educational peers. A high school graduate earned 36% more compensation than an equivalent private sector worker. A college graduate earned roughly the same salary, but made about 46% more in benefits. If you had a professional degree or doctorate, you made an average of 18% less in compensation.
It's great that the federal government is providing livable wages to workers, and their families, who would probably have a tough time of it in the private sector. But as an efficient use of resources, the current setup doesn't make much sense. This might sound cold-hearted to some, but this is exactly the opposite of what the chart should look like if we're interested in attracting the best and brightest to public service, and keeping them there. According to the CBO, a full 33% of the federal workforce is employed in professional occupations, such as science and engineering, compared with 18% of the private sector. And yet, the better your bona fides, the more likely you are making less money than the friends you graduated with, and the more pressure there is to use government experience as a stepping stone to a more lucrative career. True, federal workers enjoy better job security than their private sector counterparts. As USA Today vividly put it, employees at some agencies are more likely to die than than get fired. Literally. But top performers generally care more about their pay stub than tenure. What we have now is simply a recipe for losing talent.
And for those wondering, no, the CBO didn't compare investment bankers to USDA program analysts. The analysis controlled for various differences between workers, including years of experience, occupation, the size of their employer and geography. This is, as much as possible, an apples to apples comparison.
The upshot: Federal pay might be too high overall, and it's probably not getting us a better government.
Click to expand...

Sorry he attachment didn't post up. It showed when I reviewed the post. Darn. :mad:
 
nasa1974 said:
Well I jumped back into it. 100% S fund. Let's hope it was the right thing to do. Good luck all!!!!!
Click to expand...
Well for you I hope a big sell off today for a good buy in.:) I'm a little bearish myself. We did reenter the bearish channel and maybe created a topping tail.:(
 
Bquat said:
Well for you I hope a big sell off today for a good buy in.:) I'm a little bearish myself. We did reenter the bearish channel and maybe created a topping tail.:(
Click to expand...

Thanks, Just as long as it is close to where I jumped out will be OK. It is really tough making a decision before noon when the market can do anything the last 4 hours. Hope you are having a good mom day.
 
I need to vent a little. I oversee the onsite contractor that maintains the high voltage systems here (138,000 volts down to 2400 volts). Well my COTR (Contracting Officer's Technical Representative) tossed me under the bus today. Anyway, I was planning to retire June 1st but now I am so ticked off I am looking at March 1st. It comes down to $40 a month difference if I go 3/1 vs. 6/1 or $480 a year. Any suggestions. Hold those thought's I'm going for another beer.
 
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