Pay & Benefits

G, C, S funds show tiny returns in May, all others in the red

All TSP funds, with the exceptions of the government securities investment G fund, the common stock index C fund and small cap stock index S fund posted…

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TSP

A few changes are here for TSP’s My Account, with more on the way

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(Amelia Brust/Federal News Network)

OPM’s ‘retirement quick guide’ aims to tackle immediate challenges for retiring feds

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(AP Photo/Mark Lennihan)federal pay raise

VA opts into Special Salary Rate for IT workforce, regardless of unclear governmentwide rollout

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(AP Photo/Elise Amendola)FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. Default on your federal student loans and the government can take up to 15 percent of each paycheck to satisfy your debt. The Education Department can also withhold federal benefits like tax returns and Social Security payments. Garnishment is an effective tool to recoup unpaid loans, private collection agencies enlisted by the Education Department took in over $841.6 million  via wage garnishment in the 2018 fiscal year, but it inflicts serious financial strain on borrowers who are already struggling. (AP Photo/Elise Amendola, File)

If the government defaults, you might need that cash in your mattress

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What would happen to contractors in case of a debt default?

Debt default would seem, in some ways, like a government shutdown. But it’s not. The government is fully appropriated for the rest of fiscal 2023. It is…

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OPM retirement backlog down by more than 2,500 claims

The Office of Personnel Management processed nearly 2,000 more retirement claims in April than it did in March, bringing its inventory backlog down to 20,384.

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