Retirement
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Federal employees continue to express frustration with the Thrift Savings Plan (TSP) website, the portal through which millions access their accounts. At its recent monthly meeting, the Federal Retirement Thrift Investment Board (FRTIB) revisited its IT modernization project, which deployed in May of last year.
March 07, 2023 -
A host of bills lawmakers reintroduced this week would impact retirement savings for federal fighters and federal law enforcement officers, as well as offer feds a grace period for payment obligations during a government shutdown or debt default.
March 03, 2023 -
Employee retention is a hot topic for many agencies. Agencies have made positive steps toward keeping people, but there are a few things they could still do.
March 01, 2023 -
Two Social Security provisions have long rankled federal employees and others in public service. One is called the Windfall Elimination Provision (WEP). The other is the Government Pension Offset (GPO).
February 27, 2023 -
Congress may yet upend an enduring wrinkle in Social Security benefits, a disparity long resented by certain federal employees and public servants at the state and local levels.
February 23, 2023 -
If you have been investing in the Thrift Savings Plan (TSP) for its entire 35 years, you have likely got a pretty good nest egg.
February 23, 2023 -
In today's Federal Newscast: A House bill is gaining steam to restore full Social Security benefits to certain feds. The focus intensifies on an estimated $65 billion in bogus unemployment insurance payments during the pandemic. And one congressman is probing a no-bid contract at DHS.
February 23, 2023 -
The Office of Personnel Management’s backlog in federal retirement claims climbed in the new year as the monthly average processing times increased to 93 days from 85.
February 16, 2023 -
Withdrawals, loan repayments, navigating the web site — TSP accounts management is still a challenge
February 02, 2023 -
Every Thrift Savings Plan fund scored positive returns in January, starting out 2023 on a good note for federal investors. The biggest winner was the small cap stock index S Fund, with a return of 10.82%
February 01, 2023 -
While the Thrift Savings Plan overseers work to fix the TSP website and system behind it, users report ongoing problems: mainly long telephone wait times and a lack of control over monthly withdrawals. Financial coach…
February 01, 2023 -
My inbound mail is bringing a lot of reactions to TSP web site issues and the telework question.
January 26, 2023 -
Lawmakers reintroduced the Social Security Fairness Act, aiming to repeal the Windfall Elimination Provision and the Government Pension Offset, as well as the Chance to Compete Act, seeking to revamp the federal hiring process.
January 24, 2023 -
In today's Federal Newscast: The Treasury Department is temporarily suspending investments in the Civil Service Retirement and Disability Fund. Federal contracting officers have new training and certification requirements. And the State Department is launching a new program to resettle refugees in the U.S.
January 20, 2023 -
Treasury Secretary Janet Yellen has notified Congress that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default.
January 13, 2023