Pay & Benefits
OPM begins prep for annual retirement surge
The federal government’s centralized HR office is urging federal agencies to be proactive in ensuring federal workers’ retirement applications are submitted without errors to streamline processing during the annual spike in claims.
Pay & Benefits
Medicare Part D is coming to an FEHB plan near you
The prescription drug benefit is being automatically added to many of the FEHB program options for the 2024 plan year.
Pay & Benefits
TSP funds’ tumble continues into October
Once again, only one portfolio in the federal government’s 401(k)-style retirement savings program finished last month in the black.
Pay & Benefits
TSP: SECURE 2.0 Act contribution limit changes coming in 2026
The federal government’s 401(k)-style retirement savings program will use the entire two-year “transition period” to implement new rules governing how older workers can make catch-up contributions as they approach retirement.
Pay & Benefits
Time for the fall deadlines
A checklist to help you prioritize as you sort through your federal retirement and insurance benefits.
Pay & Benefits
Lawmakers revive bill to let ex-temps make catch-up retirement contributions
Currently, Federal Employees Retirement System employees who began their careers as temporary or seasonal workers must work longer to receive their full retirement benefits.
Pay & Benefits
Survivor Benefit confusion: part two
What about insurance instead of a survivor benefit election?
Pay & Benefits
Survivor Benefit confusion: part one
Choosing a survivor benefit should be a very simple decision, but often it can be complicated.
Pay & Benefits
COLA adjustments will slim for federal retirees in 2024
The annual announcement that some retired federal workers will receive a 3.2% increase in their annuity payments, while others will get only a 2.2% boost, has revived calls to standardize annual adjustments across retirement systems.
Pay & Benefits
The federal retirement backlog just hit another recent record low
The Office of Personnel Management’s inventory of pending retirement claims from former federal workers reached its lowest level since 2017 for the second time this year.
Pay & Benefits
TSP funds continued to fall in September
For the second straight month, the vast majority of the portfolios in the federal government’s 401(k)-style retirement savings program declined in value.
Pay & Benefits
Long term care insurance: Sharp hike in premiums for feds means enrollees face tough choices
Experts say although long term care is in the cards for most older Americans, an upcoming spike in LTC insurance premiums for feds who are enrolled is just part of a pattern that will remain unbroken until Congress and policymakers act on the neglected—but vital—broader issue of long term care and accompanying costs that will affect a majority of federal families. The program remains closed to new applicants.
Pay & Benefits
Most TSP portfolios stumbled in August
The only fund in the federal government’s 401(k)-style retirement savings program that finished last month in the black was the G Fund, which increases at a statutorily mandated rate each month.
Pay & Benefits
IRS announces two-year delay to TSP catch-up contribution changes
New rules requiring high-income 401(k) participants to make catch-up contributions only to Roth accounts will not take effect until 2026.
Pay & Benefits
TSP contribution limits will increase again next year, consultants predict
This would mark the third straight year that the federal government’s 401(k)-style retirement savings plan and similar private sector programs see a boost in their annual contribution limits.
Pay & Benefits
Do you know what your TSP is for?
When you were first hired, your retirement benefit may have been described to you as a three-legged stool: pension, Social Security, and TSP savings. One financial planner advises feds not to shortchange the last leg.
Pay & Benefits
These 4 things must be paid before you get your federal pension monies
COMMENTARY | One financial planner says it's best to head into retirement with your eyes open.
Pay & Benefits
Some of the biggest regrets of retiring federal employees
COMMENTARY | As they face the realities of life, retirement, and getting older, some federal employees have shared a few regrets with financial planner Dallen Haws.
Pay & Benefits
Most TSP funds continued their upward trend in July
Only one of the portfolios in the federal government’s 401(k)-style retirement savings program ended last month in the red.
Pay & Benefits
OPM’s retirement backlog just hit its lowest level since 2017
The federal government’s HR agency’s efforts to modernize the retirement process have been buoyed by increased investment and renewed focus on customer service.
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