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The Phoenix Pay System is a payroll processing system for federal employees, run by PSPC. After coming online in early 2016, Phoenix has been mired in problems with underpayments, over-payments, and non-payments. As of March 2018, the estimated cost to fix the problems was over $1 billion. [3]
In 1936 Rex Stout used the word in the Nero Wolfe mystery The Red Box (in chapter three): "He stopped, smiling from Wolfe to me and back again like a haberdasher's clerk trying to sell an old number with a big spiff on it."
In economics, forced saving occurs when the spending of a person is less than their earnings, due to the consumer goods shortages which can cause hyperinflation.Forced saving can also happen when available goods are too expensive, therefore a person who has no access to credit has to accumulate the money for their purchase over an extended period of time.
In this case the landlord might agree to pay the first, say, $5,000 of the property taxes, and then charge anything above that back to the tenants. This is known as a recovery stop, or simply a stop. Some expenses vary from year to year for any variety of reasons. For instance, the cost of snow removal varies greatly on the weather.
Now that the NBC has been chosen by the OPM to continue as an HR Line of Business (LoB) SSC, the NBC's function is to offer not only the NBC's HR and payroll solutions, but the full range of HR functions envisioned by the OPM. [3]
Created in 1969, the Pooled Income Fund (PIF) grew in popularity during its first two decades. In the 1970s and 1980s, when rates on intermediate-term bonds were well into double digits, PIF managers were able to invest in a combination of stocks and bonds that enabled long-term preservation and growth in principal as well as income payouts up to 10 or 12 percent during those decades.
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