Retirement
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Another member of Congress has introduced legislation that would give federal employees the option to take a penalty-free hardship withdrawal from their Thrift Savings Plan during government shutdowns. Meanwhile, the TSP is also still struggling to improve its cybersecurity posture.
February 25, 2019 -
But if you don’t appreciate politicians trying to eliminate long-promised features of your Federal Employees Retirement System or Civil Service Retirement System packages fasten your seat belts.
February 25, 2019 -
Roughly 39 percent of federal employees said they were "unprepared" or "very unprepared" for the recent government shutdown, according to a survey from Clever Real Estate.
February 22, 2019 -
If Uncle Sam kept a list of endangered workers, folks under the old Civil Service Retirement System would be at the top. Less than six of every 100 workers still on the payroll are under the system that was phased out in the mid 1980s.
February 21, 2019 -
At least five bills have been reintroduced in the 116th Congress by incumbent lawmakers. And as the fog of last month's partial government shutdown clears, it's possible more bills have or will resurface.
February 21, 2019 -
Employer branding is one of the chief battlefields in the fight for talent. The government is not well-positioned for that fight.
February 21, 2019 -
Folks under the old Civil Service Retirement System, like people who get Social Security benefits, are protected from inflation. But most people on the federal pay roll are under FERS.
February 21, 2019 -
Allan Roth, founder of Wealth Logic and a nationally syndicated financial columnist, said that when it comes to investing, his motto is "Dare to be dull," as in boring.
February 20, 2019 -
Nearly 12,000 more federal employees retired in 2018 than the previous year. It may not be a "tsunami," but the federal community has said it could be the start of a retirement wave.
February 15, 2019 -
This week's Your Turn guest is estate attorney Tom O’Rourke, a former IRS attorney who now works exclusively on things such as wills, powers-of-attorney, medical directives and trusts, which some would say most people should have.
February 13, 2019 -
Participants in the Thrift Savings Plan can officially borrow from their own retirement accounts during future government shutdowns.
February 07, 2019 -
If there is another government shutdown on Feb. 15, it may be the earthquake that causes the retirement tsunami to finally strike.
January 30, 2019 -
On a more cosmic level, the record-long 35 day shutdown raises lots of questions about the future of government service and civil servants. The issue is whether a lot of people quit or retire in disgust?
January 30, 2019 -
The agency that administers the Thrift Savings Plan said there may be a legislative movement building in Congress to allow federal employees more flexibility to tap into their TSP accounts with fewer penalties during future government shutdowns.
January 29, 2019 -
The Office of Personnel Management has new guidance for federal employees after the longest government shutdown in history has ended.
January 28, 2019