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

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.

Pay & Benefits

TSP: Thousands Already Making Use of New Withdrawal System

The board that governs the 401(k)-style retirement savings program authorized a 6.9% budget increase for the agency Monday.

Pay & Benefits

Most TSP Funds Take a Tumble in August

Only two of the Thrift Savings Plan’s portfolios ended last month in the black.

Pay & Benefits

TSP Posts Modest Gains in July, Although International Stocks Fall

Most funds in the federal government’s 401(k)-style retirement savings program saw only slight increases last month.

Pay & Benefits

All TSP Funds Rebound in June

After a lackluster May in which most offerings lost value, every fund in the federal government’s 401(k)-style retirement savings program grew last month.

Pay & Benefits

TSP Outlines Time Frame for Lifecycle Fund Changes, Internal Improvements

By the end of next year, the federal government’s 401(k)-style retirement savings program will offer lifecycle funds in five-year increments.

Oversight

OPM-GSA Merger Plan Would Create ‘Additional Uncertainty’ in Retirement Processing Reform

A government watchdog report said the Trump administration’s proposal to merge the federal government’s HR agency with the General Services Administration could make it more difficult to modernize the retirement process.

Workforce

Retirement Claims Backlog Inches Down in May

The pile of pending claims shrunk by nearly 600 last month and is slightly smaller than it was at the same time last year.

Pay & Benefits

TSP Funds End May Mostly in the Red

Only two funds within the federal government’s 401(k)-style retirement savings program posted gains last month.

Pay & Benefits

What You Need to Know About TSP's New Withdrawal Options

Changes coming in mid-September will allow participants more flexibility in how they take money out of their retirement savings accounts.

Pay & Benefits

U.S. Postal Employees’ Retirement Assets Are Invested More Cautiously Than Those of Their Foreign Counterparts

Legally mandated strategy is not risky, but also does not produce high returns that might help reduce a gap in pension assets and liabilities, report notes.

Oversight

Senators Renew Bipartisan Efforts to Protect Federal Retirees from Benefits Fraud

Bill approved by Senate oversight panel would make it a felony for retiree representatives to misuse FERS or CSRS funds.

Pay & Benefits

Lawmakers Push to Allow Pension Contributions for Former Temporary Feds

The Federal Retirement Fairness Act would allow federal employees to make catch-up contributions to the Federal Employees Retirement System for time spent as temporary or seasonal workers.