Federal Newscast

• Benefits update coming for Public sector retirees impacted by WEP and GPO

  Public sector retirees impacted by the Windfall Elimination Provision and Government Pension Offset should see their benefits fully updated by November. The majority of affected beneficiaries already began receiving their increased monthly benefit amounts in April. But the Social Security Administration says it’s still working through some of the more complex cases. The Social Security Fairness Act, signed into law in early January, eliminated both the WEP and GPO. The two longstanding Social Security provisions had been reducing or eliminating benefits for many public sector annuitants.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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• FBI urged to step up protection of government officials from mobile cyber threats

  The FBI is being urged to step up its efforts to protect government officials from mobile cyber threats. In a new letter to the bureau, Senator Ron Wyden says its current spyware guidance isn’t enough to protect against advanced cyber tools. He pointed to how spyware has been found on the phones of dozens of government employees.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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• TSP posts higher returns across the board for June

  Federal employees retirement savings grew at a healthy rate last month. New data from the Thrift Savings Plan shows all 15 funds saw higher rates of return in June as compared to May. Investors in the C and S funds were among biggest winners, seeing over a 5% rate of return for June. All the Lifecycle funds also posted a higher returns last month with the L 2055, L 2060 and L 2065 all seeing returns over 4.6%. Year to date, the big winner is the I Fund with a return rate of over 18%.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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• Senate Republicans look to limit the size of the Office of the Director of National Intelligence

  Senate Republicans want to limit the size of the Office of the Director of National Intelligence. A new bill led by Senate Intelligence Committee Chairman Tom Cotton would cap ODNI at 650 full-time staff. ODNI started out the year with roughly 1,800 employees. Director of National Intelligence Tulsi Gabbard says she has already reduced ODNI’s staff by roughly 25% since then. Cotton’s legislation would deepen the cuts by eliminating several ODNI organizations including the National Counterintelligence and Security Center and the National Intelligence University. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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• SBA launches investigation into fraud in 8(a) business program

  The Small Business Administration is launching an investigation into the 8(a) business development program seeking to root out possible fraud. SBA Administrator Kelly Loeffler ordered the full-scale audit after a Department of Justice (DOJ) investigation uncovered a years-long fraud and bribery scheme involving a former federal contracting officer and two 8(a) contractors. SBA's Office of General Contracting and Business Development will lead the audit, starting with reviewing high-dollar ad limited competition contracts. The review will go back 15 years and work with other agencies, which awarded 8(a) contracts. The Justice Department found recently $550 million in contracts were fraudulently steered through bribery and abuse of a U.S. Agency for International Development (USAID) contracting officer, including to one 8(a) contractor who was officially flagged by USAID as lacking “honesty or integrity."See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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