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Day: May 3, 2021

Government Matters (Full Show) – May 3, 2021

How government contractors can prepare for minimum wage executive order Eric Crusius, Partner at Holland & Knight, discusses President Biden’s new executive order and its implications for contractors and government employees   Blended Retirement System has driven participation in Thrift Savings Plan Roth option Kim Weaver, Director of External Affairs at the Federal Retirement Thrift […]

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How government contractors can prepare for minimum wage executive order

A new executive order from President Biden will set a minimum wage for government contracts at $15 per hour. Eric Crusius, Partner at Holland & Knight, said the order is not supposed to be implemented until early next year but it encourages agencies to raise their minimum wage before that. Contractors should save records to […]

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Blended Retirement System has driven participation in Thrift Savings Plan Roth option

1.8 million Thrift Savings Plan (TSP) participants now use the Roth option, meaning they pay taxes up front. Assets are up 64% since the start of the program. Kim Weaver, Director of External Affairs at the Federal Retirement Thrift Investment Board, said participation in Roth contributions has greatly increased since the Blended Retirement System started […]

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Proposal for dramatic increase in Internal Revenue Service budget raises questions

President Biden proposes giving the Internal Revenue Service (IRS) $80 billion more to spend on enforcement on high earners and big corporations. The plan would also give the IRS more authority for its audits over the next 10 years. The IRS operates at around $12 billion annually, so some are wondering if the agency can […]

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Sea-Air-Space 2021: The Preview

Watch on Monday, May 24th at 8 & 11 PM EST on WJLA 24/7 News
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May 2021
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