Pay & Benefits
TSP Catch-Up Contribution Change Coming Soon, and More
A weekly roundup of pay and benefits news.
Pay & Benefits
Your Tax Bill Is On Sale, But Probably Not for Long
Federal employees shouldn’t overlook the potential advantages of investing in a Roth TSP or Roth IRA.
Pay & Benefits
Medicare and Open Season
Here’s some information to help you make some very important decisions.
Pay & Benefits
Salary Council: Federal Workers Make 23% Less than Private Sector Counterparts
The advisory council on federal compensation recommended that Carroll County, Ill., be added to the Davenport-Moline, Iowa-Ill., locality pay area.
Pay & Benefits
Lawmakers Seek to Increase Retiree COLA for Next Year to 3%
Legislation would set the annual increase in Social Security and federal retiree annuities at 3%, rather than the 1.3% increase currently slated for 2021, and would permanently increase adjustments in future years.
Pay & Benefits
The 8 Most Important Birthdays for Feds
Think now about these milestones—it could make a world of difference as you approach your next stage of life.
Pay & Benefits
Will There Be an End-of-Year Retirement Exodus?
If so, there may be bottlenecks in retirement processing.
Pay & Benefits
Employee Groups Decry Hikes in What Typical Feds Will Pay in Heath Care Premiums, and More
A weekly roundup of pay and benefits news.
Pay & Benefits
Feds Will Pay 4.9% More Toward Health Care Premiums Next Year
The Office of Personnel Management said Wednesday that it has revamped its online plan comparison tool and encouraged greater transparency from insurance carriers to tamp down on surprise billing.
Pay & Benefits
For Feds, Net Worth Is More Important Than Income
There are many stories of federal employees who don’t have 6-figure incomes yet still manage to build considerable wealth.
Pay & Benefits
Retiree COLA Set at 1.3% Next Year, Prompting Calls for Change
Organization calls on Congress to shift the metric upon which annual cost of living adjustments for Social Security and federal retirement benefits are based from the general price of goods to one that takes into account spending by the elderly.
Pay & Benefits
Senate Democrats Introduce Bill to Make Payroll Tax Deferral Optional
Legislation requiring workers, including federal employees and military service members, to consent in writing to have their Social Security taxes deferred between now and the end of the year has the support of nearly 20 employee groups.
Pay & Benefits
OPM Seeks to Limit Back Pay Awards for Employees, Unions
Officials at the Office of Personnel Management want to upend a nearly 40-year-old set of regulations, restricting which actions are subject to grievances under the Back Pay Act, and banning unions from being awarded attorney's fees when their members win their cases.
Pay & Benefits
The Case for Waiting to Retire
Even for those who’ve decided they want to go next year and are at the higher end of the pay scale, it can pay to be patient.
Pay & Benefits
Higher TSP Contributions Kick In, and More
A weekly roundup of pay and benefits news.
Pay & Benefits
GovExec Daily: The State of the Payroll Tax Deferral
Erich Wagner joins the podcast to discuss the latest pay and benefits news.
Pay & Benefits
Lawmakers Revive Push to Make Feds’ Payroll Tax Deferral Optional
The effort to pressure the Trump administration into allowing federal employees to opt out of the controversial initiative to delay collection of Social Security taxes until next year is now bipartisan.
Pay & Benefits
Lawmakers Introduce Bill to Protect All Feds’ Leave Following COVID
Although OPM’s current policy only waives the 30-day annual leave cap for essential employees who are unable to use their leave due to their duties responding to the coronavirus pandemic, Democrats in Congress want to extend the waiver to all federal workers.
Pay & Benefits
Rethinking Retirement During a Pandemic
It’s clear that fewer people are moving on this year, which isn’t exactly a surprise.
Pay & Benefits
TSP Funds Hit the Skids in September
After months of gains, most of the portfolios in the federal government’s 401(k)-style retirement savings program ended September in the red.
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