The modern day equivalent of a panic-starter is to bring up the subject of the Government Pension Offset or Windfall Elimination Provision to retired federal or state government employees, or their spouses.
Every year thousands of federal workers turn down an extra 1%-4% or more contribution from the government to their TSP account because they can't afford it.
The idea of pay for performance has appeal in the federal workplace. But is it true? American University professor Bob Tobias is skeptical.
Federal News Network has created a calculator to help you estimate how much you'll receive in deferred payroll taxes between September and the end of the calendar year -- and how much you can expect to pay back in 2021.
Normally this time of year, the issue of a federal pay raise in the following January is sort of a big deal.
The Office of Management and Budget has at last issued written guidance on the president's upcoming payroll tax deferral for federal employees and military members. But if employees are expecting answers, they'll come up with few definitive details.
The deferral plan won't save anybody one dollar and will come back to bite people who spend their windfalls
In today's Federal Newscast, lawmakers say they're ready to work with the four major federal payroll providers so they can implement an option.
Given the choice, would you take a reduced CSRS or FERS annuity later — for life — if it meant you could telework from the geographic location of your choice?
The president's upcoming payroll tax deferral is effective for civilian federal employees when the current pay period ends Sept. 12, the Defense Finance and Accounting Service said. For active-duty military, the president's payroll tax deferral is effective for the mid-month paycheck Sept. 15.
A 1% federal pay raise for civilian employees looks more likely with every passing day. But when it comes to next year's paycheck, the president's planned payroll tax deferral throws a wrench into things.
Both federal civilian employees and active-duty military members will see temporary changes to their take-home pay as a result of the president's tax deferral, a senior administration official told Federal News Network. Though civilian employees and the military will see savings later this month, they're expected to pay back deferred taxes starting next January.
In an email sent to some civilian workers Tuesday, a large defense agency said no federal employee, department or payroll provider will be able to opt out of the president's upcoming payroll tax deferral planned later this month. All federal payroll providers are expected to "act in unison."
Mike Causey asked long-time fed and financial coach Abraham Grungold to check out the 2020 situation, who listed some things which workers under the Federal Employees Retirement System retiring in 2020 should seriously consider.