Pay & Benefits

TSP Board Reaffirms Decision to Broaden International Fund Despite Congressional Pressure

A bipartisan group of senators had demanded the board reverse a 2017 decision changing the index upon which the I Fund is based because the new benchmark will include Chinese companies.

Pay & Benefits

With Winter Approaching, OPM Reminds Agencies of Closure and Leave Policies

The 2018 decision that employees who can work remotely usually cannot take leave due to a weather event has created a complicated web of rules and exceptions.

Pay & Benefits

Federal Retirement Applications, Processing Both Down in October

The backlog of pending requests crept to nearly 18,000 last month, although the number of applications is significantly down from the same period in 2018.

Pay & Benefits

Updated Consumers’ Checkbook Guide Aims to Help Feds Compare Health Plan Costs

“Most people don’t realize how much money they’re leaving on the table,” says consumer advocate Walton Francis.

Pay & Benefits

No New Locality Pay Areas, But Salary Council Considers More Formula Tweaks

The Federal Salary Council announced that the pay gap between federal workers and the private sector, as calculated by the Bureau of Labor Statistics, now sits at 26.71%.

Pay & Benefits

TSP Portfolios Post Modest Growth in October

All funds in the federal government’s 401(k)-style retirement savings program saw minor gains last month.

Pay & Benefits

Social Security Ends Telework Program for 12,000 Employees

Workers in all of the Social Security Administration’s operations components have less than two weeks to find alternate arrangements.

Pay & Benefits

TSP Board Revisits Decision to Broaden International Fund

A bipartisan group of senators has been urging officials to reconsider the decision to allow investments in Chinese companies.

Pay & Benefits

Advocates: Congress 'Very Close' to Passing Paid Family Leave for Feds

Union officials and members are hopeful a Defense policy bill provision providing 12 weeks of paid leave for the birth or adoption of a child and other medical issues will make it into law.

Pay & Benefits

Federal Retirees Will Get 1.6% COLA in 2020

Although less than last year, a consumer price index increase of less than 2% means the vast majority of former federal workers will see the same increase to their defined benefit pensions.