Squalebear's Account Talk

[Guest2]

The Below Legislation Just Passed The House:

here's the link, it was mixed into a tobacco bill

http://thomas.loc.gov/cgi-bin/query/F?c110:3:./temp/~c110mnSWTa:e237592:

YES,,,L2R,,,,I THINK THEY DID,,,,,,
I THINK THEY PASSED IT ON THE FLY !
LET ME KNOW IF YOU FIND OUT DIFFERENTLY

 

[Guest2]

Also passed within the tobacco bill was the retirement
use of unpaid sick leave for fers annuitants

 

[JTH]

So the government wants to give you a paycheck? But before they do, they take a portion of YOUR MONEY? The money you already own? They decide how your going to spend your money for you? Am I the only one who sees a problem with this?

It's BS, it's your money and they should be getting their filthy grubby hands off it. And I'm sorry but if your not smart enough to set aside your own money, it doesn't mean we need to pass yet another law.

Sry, I'm on the war path this morning...

 

[Guest2]

oOOOPS,,,LINK DIDN'T WORK,,,STAND-BY

 

[Guest2]

See if this works

 

[Guest2]

Pooh,,,,,another minute

ITS (H.R. 1108.EH)

 

[Guest2]

Copy and paste the link below,,,,it worked for me

http://thomas.loc.gov/cgi-bin/query/d?c110:3:./temp/~c1102avi6n::

 

[luv2read]

SB, that one didn't work for me but this one does, copy/paste:

http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.1108.EH:

I wonder what's the reason for attaching government employee retirement legislation to SMOKING legislation when there's already bills strictly for the TSP and sick leave legislation pending before the House? I can think of 2 reasons: 1) No time for a vote on those before August recess; 2) SOMEONE is pressuring SOMEONE to pass it before the recess. The question is WHY? Answer: get those automatic enrollments started before the new fiscal year starts....get that new money into the slush fund ..I mean trust fund.

At least FRTIB will have to report the fees so we can deduct them. I've been complaining about that - remember they said they couldn't charge a per IFT fee because they couldn't calculate it??

• • (b) Reporting of Fees and Other Information-
  • • (1) IN GENERAL- The Board shall include in the periodic statements provided to participants under section 8439(c) the amount of the investment management fees, administrative expenses, and any other fees or expenses paid with respect to each investment fund and option under the Thrift Savings Plan. Any such statement shall also provide a statement notifying participants as to how they may access the annual report described in subsection (a), as well as any other information concerning the Thrift Savings Plan that might be useful.
  • • (2) USE OF ESTIMATES- For purposes of providing the information required under this subsection, the Executive Director may provide a reasonable and representative estimate of any fees or expenses described in paragraph (1) and shall indicate any such estimate as being such an estimate. Any such estimate shall be based on the previous year's experience.

 

[Guest2]

L2R and everyone,

I appologize for not being able to provide the link.
I've tried everything. I would go to the Base Webpage
and perform a search of H.R. 1108

 

[Guest2]

SB, that one didn't work for me but this one does, copy/paste:

http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.1108.EH:

yes it does, perfectly. But click on the one just above this message.
it includes the last colon which is necessary

 

[Frixxxx]

So correct me if I'm wrong.

It basically says your sick leave is just added into the computation but it does not count at any level. It also doesn't get paid, just a + in a point column?

 

[Guest2]

So correct me if I'm wrong.

It basically says your sick leave is just added into the computation but it does not count at any level. It also doesn't get paid, just a + in a point column?

From what I read, the days are counted toward your retirement calculation and not paid as a lump sum. Don't etch that in stone. Your gonna have to read the legislation or wait for L2R to disect it. She's great with this kinda stuff.

 

[Guest2]

http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.1108.EH:


This link works

 

[pogo]

i believe it says with pay

 

[alevin]

Or does it mean unused S/L gets paid lumpsum together with unused annual, just doesn't get used for retirement recurring payment calcs? I am truly unsure what they are saying here-if anything.

 

[Guest2]

i believe it says with pay

SEC. 407. CREDIT FOR UNUSED SICK LEAVE.




(a) In General- Section 8415 of title 5, United States Code, is amended--

• (1) by redesignating the second subsection (k) and subsection (l) as subsections (l) and (m), respectively; and
• (2) in subsection (l) (as so redesignated by paragraph (1))--
  • • (A) by striking `(l) In computing' and inserting `(l)(1) In computing'; and
  • • (B) by adding at the end the following:
    • `(2) Except as provided in paragraph (1), in computing an annuity under this subchapter, the total service of an employee who retires on an immediate annuity or who dies leaving a survivor or survivors entitled to annuity includes--
• • `(A) for an employee who retires within 3 years after the date of enactment of this paragraph, 3/4 of the days, and
• • `(B) for an employee who retires after 3 years after the date of enactment of this paragraph, the days
• of unused sick leave to his credit under a formal leave system, except that these days will not be counted in determining average pay or annuity eligibility under this subchapter. For purposes of this subsection, in the case of any such employee who is excepted from subchapter I of chapter 63 under section 6301(2)(x)-(xiii), the days of unused sick leave to his credit include any unused sick leave standing to his credit when he was excepted from such subchapter.'.
• (b) Exception From Deposit Requirement- Section 8422(d)(2) of title 5, United States Code, is amended by striking `section 8415(k)' and inserting `paragraph (1) or (2) of section 8415(l)'.
• (c) Effective Date- The amendments made by this section shall apply with respect to annuities computed based on separations occurring on or after the date of the enactment of this Act.

Passed the House of Representatives July 30, 2008.

 

[Gumby]

In the spirit of promoting equality between the FERS and CSRS employees, I now propose that all CSRS employees also get the maximum 5% matching for contributions to their TSP fund.

 

[Guest2]

Currently, employees who retire under CSRS have their unused sick leave added to their time-in-service computation, which increases the value of their retirement annuity. For instance, an employee with 1,055 hours of unused sick leave would get an additional six months tacked onto their time-in-service for retirement purposes.

This is what I believe their doing with FERS

 

[Guest2]

in the spirit of promoting equality between the fers and csrs employees, i now propose that all csrs employees also get the maximum 5% matching for contributions to their tsp fund. :d

great point gumby, but don't hold your breath my friend

 

[Guest2]

Employees covered by the Federal Employees Retirement System would get the same credit for their unused sick leave toward their retirement pay as do their colleagues in the more generous and older Civil Service Retirement System, under a bill that the House is expected to pass this evening.