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

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

The pitfalls of single-solution financial advisors

COMMENTARY | There is an increasing trend of companies advertising themselves as financial advisors or benefits centers targeting federal employees. Here’s how to find a holistic financial planning partner.

Pay & Benefits

Mixed reactions to Medicare Part D in the FEHB

It's been almost five months since Part D was incorporated into many Federal Employees Health Benefit plans. How is it being received?

Pay & Benefits

Health Savings Account contribution limits to rise in 2025

Federal employees looking for ways to save on out-of-pocket healthcare costs might benefit from using a high deductible health plan with an HSA.

Pay & Benefits

VA to review more previously awarded bonuses after improperly doling out $11M to execs

The department has used an “improper and overzealous application” of new authorities to give extra pay to certain employees, IG says.

Pay & Benefits

OPM’s retirement backlog continued a four-month downward trend in April

Though the Office of Personnel Management’s backlog of pending federal retirement claims fell again last month, the pace of progress has slowed.

Pay & Benefits

Essential things to know about your Social Security benefit: Part 2

Social Security, along with the FERS basic retirement benefit and the Thrift Savings Plan, can provide the financial security you will need during your life after retirement.  

Pay & Benefits

OPM tweaks its final rule for the postal health benefits plan

The federal HR agency posted its final rule for establishing the Postal Service Health Benefits program on Monday, clarifying language on Medicare Part B enrollment and other details.

Pay & Benefits

A CBO report raises new questions about Biden’s 2% pay raise plan

Analysis favored by conservatives shows that when comparing workers’ “total compensation,” the private sector has nearly caught up to the federal government’s pay and benefits package for employees.

Pay & Benefits

Essential things to know about your Social Security benefit: Part 1

It is important to keep up with Social Security changes that can have an impact on your current and future benefits.

Pay & Benefits

Most TSP funds took a tumble in April

After two months of sustained gains, only one portfolio in the federal government’s 401(k)-style retirement savings program finished last month in the black.

Pay & Benefits

Are Consumer Driven Health Plans the right FEHB plan for you?

These are one of the lowest cost FEHB plan types for both active federal employees and annuitants.

Pay & Benefits

Exposed to Agent Orange at U.S. bases, veterans face cancer without VA compensation

Mounting evidence shows that as far back as the 1950s, in an effort to kill the ubiquitous poison oak and other weeds at Fort Ord, the military experimented with and sprayed the powerful herbicide combination known colloquially as Agent Orange.

Pay & Benefits

OPM reminds agencies of pay provisions in 2024 NDAA

The most recent iteration of the annual defense policy bill extends a number of temporary pay and benefits provisions for both civilian and military service members and allows veteran feds to credit active duty service toward paid parental leave requirements.