Sen. Daniel Akaka, D-Hawaii, today introduced a bill that would automatically increase the Thrift Savings Plan contributions of some new federal employees. The Save More Tomorrow Act would only apply to automatically-enrolled feds — that is, new employees who make no choice on TSP and are automatically enrolled in the G Fund at 3 percent — and would boost their contributions by 1 percent each year. Akaka’s office said this would help push more feds to invest 5 percent of their paychecks in their TSP. That’s the amount federal employees have to contribute to get the maximum matching contribution from…
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Don’t expect much to happen in this year’s fast dwindling congressional session, but a bi-partisan group of senators today introduced legislation to bolster the Federal Protective Service, responsible for security at some 9,000 federal buildings. The bill would push FPS to hire 500 more full-time employees over the next four years, require the agency to do more to ensure the competence of contract guards, and mandate standards for checkpoint detection technologies for explosives and other threats at federal facilities, according to a news release from Sen. Joseph Lieberman, I-Conn., the chairman of the Senate Homeland Security and Governmental Affairs Committee.…