The Federal Drive with Terry Gerton

Just about six weeks left in 2024. Come January, you'll be a year older. Or something like that. The new year brings the idea of optimizing your TSP investment profile for the stage of life you're in. We get some idea from certified financial planner Art Stein of Arthur Stein Financial.

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Today on the Federal Drive with Tom Temin

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The 40-year old COBOL code that runs the Office of Personnel Management's Retirement System is on a glide path to its sunset. OPM will embark on a two-year project to modernize the back end software and open the door for faster and easier front end user focused services. Federal News Network's Executive Editor Jason Miller joins me with details.

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We've been interviewing a series of award winners of the Senior Executives Association. My next guest is this year's lifetime achievement award recipient. He works in one of those obscure but crucial areas. The associate administrator of the Transportation Department's Pipeline and Hazardous Material Safety Administration William Schoonover joins me now.

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It's always been an existential question. Can small businesses continue with contracts if they become no longer small. Companies do grow, after all, whether organically or with mergers or acquisitions. The Small Business Administration has rules for that but a proposed fix to a flawed rule could make things worse. Analysis now from Haynes Boone procurement attorney Zach Prince.

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The Space Force personnel management act lets the service integrate full time and part time personnel, and it's already shaping the concept of service, but the brass are still figuring out most of the basic details of the part time model, including making sure guardians can get paid. Federal News Network's Anastasia Obis has more. 

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The IRS says it saw a $20 billion cut to its multi year modernization fund earlier this year. The Treasury Department says more spending cuts are coming if Congress doesn't intervene. Treasury says the IRS is making contingency plans in case it does see more funding cuts, and among the options the IRS is looking at hiring freezes. Federal News Network's Jory Heckman joins us with the latest.

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Defense contractors are bracing themselves for the Pentagon's sweeping cyber security audit program. The Defense Department plans to finalize cyber security Maturity Model certification, CMMC rules early next year. For the latest on DoD's plans to help industry prepare for the program. Federal News Network's Justin Doubleday spoke with DoD chief of defense, industrial based cyber security, Stacy Bostjanick.

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The U.S. federal government is the biggest grant-maker at around a trillion dollars a year. That makes grants management a big challenge. Other national government have a few grants management practices that might help things here. More now from the director of strategic issues at the Government Accountability Office, Jeff Arkin.

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Artificial intelligence gobbles up gigantic amounts of electricity. So its both expensive and, from the General Services Administration point of view, decidedly un-green. GSA has an official is on the case both for the dollars and for the carbon. He's deputy associate administrator for the office of technology policy, Dan Pomeroy.

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