While April and May produced record low numbers, June took a different turn as OPM received more retirement claims with less being processed.
Things are looking good. but the possibility of yet another government shutdown remains, as today’s guest columnist Abraham Grungold points out.
If you own a home, have a spouse, carry life insurance and invest in the Thrift Savings Plan, you probably need an estate plan.
For more on this and what else to expect after the rest of July, The Fulcrum Editor-in-Chief David Hawkings joined Federal Drive with Tom Temin.
The president signed a bill Monday that would allow the IRS to expedite hiring for tech leadership positions and offer them pay closer to the private sector.
When they retire, even with a guaranteed annuity and TSP investments, many feds have to learn to live with less. And taxes, which are never fun, can become an even bigger factor.
Military spouses can now qualify for $500 in reimbursement.
After disappointing returns in May, the Thrift Savings Plan appeared to flip during June.
It’s a ritual of federal retirement: You retire, you get part of your pension while OPM takes months to figure out what you are really owed.
Active and retired feds probably won’t know the size of their 2020 pay raise — if any — or cost-of-living adjustment — if any — until late in the year.
Nearly every year for the past decade lawmakers have gone after the two major federal retirement programs, FERS and CSRS. So far, groups representing workers and retirees have managed to beat back the changes — but there have been some close calls.
A 3.1% federal pay raise is another step closer to reality, as the House passed the financial services and general appropriations bill with a 224-196 vote Wednesday afternoon. The bill would also throw up several roadblocks to the Trump administration’s proposed merger of the Office of Personnel Management with the General Services Administration.
Thrift Savings Plan participants will soon have access to additional lifecycle funds that will more closely align to their specific retirement dates.
A House-passed minibus of five appropriations bills includes back pay for low wage contractors impacted by this year’s government shutdown.