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A specific population of federal employees, including those new hires and retiring senior executives who relocated for their jobs in 2018, are still seeing unintended consequences of the new tax act.
Stephen Zelcer, a financial advisor for federal employees, explains how the changes to the TSP in 2019 will impact you and what you should keep in mind.
The number of federal/postal workers with Thrift Savings Plan accounts worth at least $1 million jumped nearly 600 percent between April 2016 and April 2018. The value of the biggest account grew by nearly 30 percent in that time.
The Air Force follows in the Navy's footsteps and expands leave for secondary caregivers.
As of April 3, the number of federal and postal workers and retirees with million-dollar-plus Thrift Savings Plan accounts had grown to 23,098.
When most people focus on millionaires in government they are talking about a relatively small number of super-rich political appointees. But there is a larger group who did it by saving and investing in the Thrift Savings Plan.
Congress once again is considering higher Voluntary Separation Incentive Payments (VSIPs) for civilian federal employees.
About 9.1 percent fewer retirement claims were received in May than the month before and nearly 26.4 percent fewer retirement claims processed last month than in April, according to the Office of Personnel Management.
The Trump administration has submitted a legislative package that would, among other things, eliminate cost of living adjustments for current and future retirees. Will Congress pass it? Find out when NARFE Deputy Director for Advocacy John Hatton joins host Mike Causey on this week's Your Turn to discuss the president's proposals. June 6, 2018
Federal retirees in 1980 could establish a standard of living and keep it even during 14 percent inflation and 11-plus percent the following year. Now, the Trump administration has submitted a legislative package that would, among other things, eliminate cost of living adjustments for current and future workers retiring under the Federal Employees Retirement System.
The private sector can bring perks and pay many feds only dream of, but a recent report by the Federal Reserve Board, indicated life outside the federal fold is not always a bed of roses.
Benefits expert Tammy Flanagan makes the case for a centralized retirement counseling service.
Politicians who want to reduce the cost of the federal retirement and labor-management programs say they are doing it for the most noble reasons.
Are you worried about the pay-more-get-less design changes Congress and the White House are considering for your Federal Employees Retirement System and Civil Service Retirement System plans?