Pay and Benefits News

• CSRS is now old enough for a Smucker’s jar

  The Civil Service Retirement System (CSRS) celebrated a big birthday last Friday, but there are few federal participants left in the government’s once signature pension plan.

  Federal Report
  May 22, 2020
• When economy hit rock bottom, the Fed took ‘unprecedented’ measures

  What Stein can diagnose are sick and healthy financial trends, pointing out that for 11 years, leading up to the virus-driven crash, the stock market was in bull-market territory longer than any time in the country’s history.

  Your Turn
  May 21, 2020
• Stocks on sale? Should you buy, sell or sit tight?

  According to last week’s Wall Street Journal, the top-stock buyer for the government of a very oil-rich Middle Eastern nation has been scooping up multiple shares of Marriott and Boeing (Disney World and the airliner)…

  Federal Report
  May 20, 2020
• Coronavirus and career: The A-Rod/J-Lo rule

  They say that the coronavirus is a threat to all of us regardless of who we are and where we live – we are all in the same boat. But are we really?

  Federal Report
  May 19, 2020
• What’s in the stimulus bills for the federal workforce?

  For some of the prospects, WTOP congressional correspondent Mitchell Miller joined Federal Drive with Tom Temin.

  Congress
  May 18, 2020
• TSP offers more details on CARES Act loan help, and what’s next for the I fund

  What a week for the Thrift Savings Plan. The TSP offered more details on how its participants can take loans and withdrawals during the coronavirus pandemic, and the international fund faces a different fate.

  Federal Report
  May 18, 2020
• Tele-town hall meetings new norm for Veterans Affairs

  VA Undersecretary for Benefits Paul Lawrence joined Federal Drive with Tom Temin to describe what he’s hearing and telling the veterans.

  Veterans Affairs
  May 15, 2020
• Add ‘political realities’ to the strikes against retirees

  Although looking back on the first couple of months of 2020 might seem like the Good Old Days, benefits expert Tammy Flanagan said, “It was already destined to be pretty rocky” being an election year and all. But, then, of course, came the coronavirus pandemic.

  Your Turn
  May 14, 2020
• January COLA way down but health premiums way up?

  For obvious reasons, nobody has a handle on where cost of living adjustments or health care costs/insurance premiums will end up.

  Federal Report
  May 14, 2020
• TSP board to defer I fund index changes amid White House pushback

  In a unanimous decision Wednesday morning, the Federal Retirement Thrift Investment Board voted to defer the implementation of a new, China-inclusive index for the international fund. The board members cited ongoing economic uncertainty from the coronavirus, as well as the president’s three new nominees to FRTIB, as reasons for their decision.

  TSP
  May 13, 2020