NTEU Proposal to Invest Unused Leave Payouts in TSP Encompassed in Legislation

NTEU Files FLRA Petition For Representation Election NTEU filed a petition with the Federal Labor Relations Authority seeking an election to become the exclusive representative of a 40,000-employee Transportation Security Administration unit.   “We have enough support among Transportation Security Officers to meet the FLRA’s 30 percent criteria for filing such a petition and seeking an election,” said NTEU President Colleen M. Kelley. “I am confident that when TSOs examine the records, performance and expertise of the unions competing in such an election, NTEU will prevail.” More

New legislation that would allow retiring federal employees and those who leave federal service to deposit money received from unused annual leave into their Thrift Savings Plan (TSP) account mirrors a proposal NTEU made by last fall.

“This is a sound proposal that allows federal employees to add to their retirement accounts, boosting their savings and giving them an option for investing a lump sum of money they may receive when leaving federal service,” NTEU President Colleen M. Kelley said.

The bill, H.R. 4865, was introduced by Rep. Stephen Lynch (D-Mass.), chairman, and Rep. Jason Chaffetz (R-Utah), ranking member, of the House Oversight and Government Reform Subcommittee on the Federal Workforce.

“With this bipartisan legislation Representatives Lynch and Chaffetz not only give federal employees the chance to move their lump-sum payment into their TSP account but also help fulfill a goal established by President Obama last year,” Kelley said.

In a weekly radio address in September, President Obama proposed a variety of incentives for private sector employees to increase their savings including the ability for them to deposit lump-sum payments received when they left their positions into 401(k) accounts. NTEU immediately began exploring legislation to make this opportunity available for federal employees.

In testimony to Chairman Lynch’s subcommittee in November, President Kelley suggested similar legislation to the lawmakers. More

NTEU Legislative Action NTEU's Recommendations for the Obama Administration Support the FEHBP Prescription Drug Integrity, Transparency, and Cost Savings Act Ask your senator to support paid parental leave Support bills expanding telework in the federal government   Visit NTEU's Legislative Issues Page		NTEU Press Releases Read all about it! Read our press releases, see how NTEU is making news today and get a monthly round up of media stories. Kelley Recounts Heroic Austin Acts For Key House Subcommittee Read Chairman Lynch's statement and watch President Kelley on Federal News Tonight (select "Security in the Federal Workplace") Congresswoman Cites NTEU Statements In Calling for Improved TSA Training Statement of Colleen M. Kelley On the Shooting at the Pentagon Union Leader Details TSA Workforce Issues in Congressional Testimony
Retirement Issues Kelley Urges Congress to Improve FEHBP Prescription Drug Pricing NTEU President Colleen M. Kelley testified before a key House subcommittee in favor of legislation that would take steps to address rising health insurance costs under the Federal Employee Health Benefits Program. More		2011 Pay Raise Kelley Applauds Inclusion of Pay Parity In White House 2011 Budget Blueprint NTEU President Colleen M. Kelley applauded the proposal in the White House fiscal 2011 budget blueprint for a return to parity in pay raises for the government’s civilian workforce and members of the military.

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