Workforce
GovExec Daily: A New Bill Could Help You Save for Retirement Longer
Erich Wagner joins the podcast to talk about the Securing a Strong Retirement Act.
Pay & Benefits
Some Federal Employee Retirement Funds Made Up a Little Ground in March
Three of the TSP’s five basic funds ended the month up and all of the lifecycle funds were in the black.
Pay & Benefits
A Retirement Glitch Affecting More Than 1,000 Customs and Border Employees Could Soon Be Fixed
A weekly roundup of pay and benefits news.
Pay & Benefits
Why a Health Savings Account is a Secret Weapon in Saving for Retirement
Many federal employees can save money by switching to a high deductible health insurance plan with an HSA when they have the chance.
Pay & Benefits
Democrats, Employee Groups Rally Around Social Security Reform Bill
Legislation with nearly 200 sponsors would change how annual cost of living adjustments are calculated, temporarily eliminate the controversial Windfall Elimination Provision, and restrict the agency’s ability to close field offices.
Pay & Benefits
OPM to Offer Same-Sex Spouses Another Chance at Survivor Benefits
A new notice this week announced that the federal government’s HR agency is waiving the requirement that a widow or widower be married to a federal worker for nine months to be eligible for survivor benefits in some cases.
Pay & Benefits
Lawmakers Introduce Another Bill to Repeal Controversial Tax Rule Affecting Federal Retirees
Bipartisan legislation would replace a provision that reduces Social Security benefits for federal, state and local agency employees who spent time in the private sector with a new formula that accounts for their time outside of government, and provide rebates for current retirees.
Workforce
GovExec Daily: The Best Dates to Retire in 2022
Retirement planning expert Tammy Flanagan joins the podcast to discuss the best timing for leaving federal service.
Pay & Benefits
Federal Retirees to See Largest Cost-of-Living Adjustment in Decades in 2022
While CSRS retirees will receive a 5.9% boost to their defined benefit annuity payments next year, enrollees in FERS will only see a 4.9% increase, renewing calls to change the law.
Management
Tax-Wise Savings and Distribution Strategies for Feds
With the national debt roaring towards $29 trillion dollars, it would be prudent to plan for higher future tax rates.
Pay & Benefits
OPM, HHS Move to End Surprise Medical Billing, and More
A weekly roundup of pay and benefits news.
Pay & Benefits
Former Temporary Workers Could Make Catch-Up Pension Contributions Under New Bill
Currently, Federal Employees Retirement System employees who began their careers as temporary workers must work longer than anticipated to receive full retirement benefits.
Pay & Benefits
Most TSP Funds Continue Upward Trend in May
Only one portfolio in the federal government’s 401(k)-style retirement savings program lost value last month.
Pay & Benefits
Growing Momentum to Fix Some Feds’ Retirement, and More
A weekly roundup of pay and benefits news.
Pay & Benefits
States That Won’t Tax Your Federal Retirement Income
States levy three main types of taxes: income tax, sales tax, and property tax. You should understand all three and the impact they will have on your savings.
Pay & Benefits
Lawmakers Push to Fix Controversial Tax Rule Affecting Federal Retirees
A new bill would set up a new formula to calculate how much retirees get in Social Security benefits if they also receive a defined benefit pension, in some cases replacing the controversial Windfall Elimination Provision.
Pay & Benefits
Don’t Make These TSP Withdrawal Mistakes
Saving enough for retirement is like climbing Mount Everest: Getting to the top is an incredible feat but once you get there, you have to come down. That’s the really dangerous part.
Pay & Benefits
Lawmakers Push for Increases in Feds’ Leave, Retirement Benefits
A weekly roundup of pay and benefits news.
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