Federal Daily - February 3, 2010
TSP Returns for January 2010
Rates of Return were updated on February 1, 2010.
| |
G Fund |
F Fund |
C Fund |
S Fund |
I Fund |
| January 2010 |
0.29% |
1.54% |
(3.60%) |
(2.43%) |
(5.17%) |
Last 12 months*
(2/01/2009 to 1/31/2010) |
3.08% |
8.56% |
33.33% |
43.31% |
40.01% |
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 Income |
L 2010 |
L 2020 |
L 2030 |
L 2040 |
| January 2010 |
(0.45%) |
(0.58%) |
(2.03%) |
(2.49%) |
(2.88%) |
| Last 12 Months |
10.00% |
12.33% |
23.63% |
27.99% |
31.68% |
Percentages in ( ) are negative.
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An End to the Locality Pay Survey?
Part of the way your pay is calculated may be about to change. One of the reductions in the president’s proposed 2011 budget calls for the Bureau of Labor Statistics to get rid of its Locality Pay Survey and replace it with a model-based alternative, which the administration says is just as accurate, but cheaper.
BLS now uses the LPS to put together the locality data mandated by the Federal Employees Pay Comparability Act, which requires General Schedule pay to include a locality adjustment to bring it more into line with local private-sector pay. The LPS system uses 31 locality pay areas, plus a “Rest of the United States” pay area. The president’s Pay Agent currently uses LPS data to recommend locality-based adjustments, and Employment Cost Index data to determine the national adjustment.
But the administration’s budget proposes that BLS eliminate the LPS, and adopt instead a model-based approach that uses data from Occupational Employment Statistics—which the administration characterizes as “richer” and “broader”—as well as ECI data.
According to the budget, the new proposed scheme would use OES data to provide wage data by occupation and area, and ECI data to specify grade-level effects.
The administration says the proposed approach is more cost-effective, and is as accurate as the LPS method. And it also would allow BLS to add new localities more easily, which has been an issue in the past. According to the administration, the move would save BLS about $2 million.
To see the proposed budget, go to www.whitehouse.gov/omb/budget/
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Obama’s 2011 Budget to Add TSOs, Border Agents
President Obama’s Fiscal Year 2011 Department of Homeland Security budget would add about 2,000 Transportation Security Officers at the Transportation Security Administration and 300 new Customs and Border Protection agents for passenger and cargo screening at ports of entry.
Under the proposed budget, released Feb. 1, DHS would see a nearly 3 percent boost in discretionary funding in FY 2011, to $43.6 billion, compared to $42.6 billion in FY 2010. The budget blueprint still needs the approval of Congress before the spending provisions can be enacted.
In addition to a 9 percent hike for TSA in FY 2011, the budget sets aside $94 million for 300 new CBP officers to screen at ports of entry, as well as expansion of pre-screening operations at foreign airports and land ports of entry. Overall, the Border Patrol, which has doubled over a decade to about 20,000 sworn agents, would shrink by about 180 agents. The proposal also includes a 10 percent increase, to $950 million, for Federal Air Marshals to put more marshals on international flights as a guard against terrorism.
The proposed anti-terrorism enhancements, particularly for TSA, come in the wake of the failed Christmas Day attempt to down a U.S.-bound airliner from overseas. While TSA employees had no role in screening passengers at the foreign airport, the near-miss brought home again the constant danger from potential terrorists, said National Treasury Employees Union President Colleen Kelley, whose union has advocated for increased staffing for TSA and CBP.
“The White House proposals for additional staffing for TSA and CBP reflect the reality of today’s dangerous world and are wise investments in our nation’s security,” Kelley said.
The proposal also calls for an increase of $71 million to fund an additional 275 proprietary explosives detection canine teams—112 teams at 28 Category X airports (the nation’s largest and busiest airports), and 163 teams at 56 Category I airports (slightly smaller airports with annual volume of at least 2 million passengers).
To see more, go to: www.dhs.gov/ynews/releases/pr_1265049379725.shtm (budget fact sheet) or www.nteu.org/PressKits/PressRelease/PressRelease.aspx?ID=1525 (Kelley).
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