Pay & Benefits
TSP funds posted a mixed bag in June
Only three of the five core investment offerings of the federal government’s 401(k)-style retirement savings program ended the month in the black.
Pay & Benefits
Your pre-retirement questions answered, part 3
The third in a series tackling your pressing questions.
Pay & Benefits
How to use the ‘Bucket Strategy’ to optimize your retirement savings
COMMENTARY | There are ways to strategically withdraw money in retirement to make your funds last longer.
Pay & Benefits
Federal whistleblowers are entitled to damages for missed future pay, court rules
Employees can receive compensatory payments if their firings caused harm that prevented future earnings.
Pay & Benefits
Biden’s 2% raise more likely upon advancement of Senate defense policy bill
The Senate Armed Services Committee last week advanced its version of the fiscal 2025 National Defense Authorization Act, endorsing a 2% average pay raise for civilian federal workers alongside a 4.5% increase for military service members.
Pay & Benefits
Your pre-retirement questions answered, part 2
The second in a series tackling your pressing questions.
Pay & Benefits
Feds are still slated for a 2% average pay raise in 2025 per House appropriations bill
The House Appropriations Committee advanced legislation Thursday that failed to override President Biden’s 2025 pay plan.
Pay & Benefits
Your pre-retirement questions answered, part 1
The first in a series tackling your pressing questions.
Pay & Benefits
FBI agents say they need more money to stay in the bureau
Agents in high-cost cities say they cannot support their elevated expenses on their current salaries.
Pay & Benefits
OPM’s retirement backlog hit an 8-year low last month
Efforts to streamline the processing of departing federal workers’ retirement applications continue to pay dividends, as the inventory of pending claims hit the lowest point since 2016.
Pay & Benefits
The State of Civil Service Retirement: CSRS and FERS
How optimistic are you about your retirement? Small steps can help allay your fears of the future.
Pay & Benefits
Senate plans swift action on IVF bill containing new requirements for FEHBP
Senate Majority Leader Chuck Schumer said Tuesday that he had already begun the process of bringing a legislative package aimed at protecting Americans’ access to assistive reproductive technology to the floor for a vote.
Pay & Benefits
OPM’s unfulfilled recommendations include health insurance benefits changes, IG says
The agency is making progress on implementing IG recommendations, but three of its top yet-to-be-completed recommendations included changes that would prevent improper and inaccurate payments within the Federal Employee Health Benefits Program.
Pay & Benefits
Lawmakers blast VA over executive bonus scandal, but secretary declines to offer any heads
Many Republicans called for VA to fire top officials after it improperly approved $11M in bonuses for senior executives.
Pay & Benefits
TSP funds all bounced back in May
After a rough April, each of the portfolios in the federal government’s 401(k)-style retirement savings program finished last month in the black.
Pay & Benefits
New bill would task VA with more actively promoting veteran transition assistance
The Informing VETS Act would require the department to regularly promote programs designed to assist veterans leaving military service and offer more comparison of information on educational benefits.
Pay & Benefits
I have $1,000,000 (or $500,000 or $750,000) for retirement, now what?
Figuring out how to use your money in retirement.
Pay & Benefits
L Funds: A Love Affair
COMMENTARY | For these “set it and forget it” funds, “setting it” may require a bit more work than matching your birth year to the “right” fund.
Pay & Benefits
Problem Solvers Caucus throws its weight behind an effort to kill the windfall elimination provision
Some lawmakers have spent years garnering support to repeal a controversial tax rule that cuts Social Security benefits for some public servants.
Pay & Benefits
What is the retirement age for federal employees?
Retirement involves making many decisions including deciding when to retire.
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