The class action lawsuit filed last week alleges that the system failed to disburse loan proceeds, send hardship withdrawals, and process death benefits to beneficiaries more…
Special Considerations for TSP Distributions
Ed Zurndorfer discusses some special considerations for a separated Thrift Savings Plan participant’s distributions from their account including vesting requirements, the TSP mutual fund window, spousal rights, and required minimum distributions (RMDs) more…
Bipartisan Senators Reintroduce Legislation to Keep Chinese Firms Out of Thrift Savings Plan
If passed, the Taxpayers and Savers Protection Act would ban the Federal Retirement Thrift Investment Board from steering federal retirement savings to China and other countries of concern more…
Thrift Savings Plan ‘My Account’ Dashboard to Get New Features
The new layout will allow TSP participants to easily view their account balance, rate of return, and year-to-date contributions. Secure mailbox notifications and a personalized to-do list will also be added more…
FEHB and Medicare: Helpful Resources from OPM
The Office of Personnel Management offers several resources for federal employees and retirees regarding Medicare explaining how it works with the Federal Employees Health Benefits (FEHB) program more…
Proposed Legislation Would Require FEHB Carriers to Cover Infertility Treatments
If passed, the Family Building FEHB Fairness Act would require Federal Employees Health Benefit carriers to cover in-vitro fertilization (IVF) and assisted reproductive technology (ART) services for federal employees more…
Senators Reintroduce Legislation to Address Tax Delinquent Federal Employees
If passed, the bill would hold tax delinquent federal employees accountable for their tax debt or unfiled tax returns more…
USPS Issues Fact Sheets Regarding New Postal Service Health Benefits (PSHB) Program
Effective Jan. 1, 2025, PSHB is a new, separate program within the Federal Employees Health Benefits (FEHB) program for postal service employees and retirees. Open season dates were also announced more…
Lawmakers Request Answers to OPM Retirement Application Backlog
It has been reported that average retirement processing times have been far above the agency’s stated goal of 60 days — at least one case that has been in processing for fifteen months more…
Using OPM’s ‘Federal Ballpark E$timate’ Calculator for FERS / CSRS
The Office of Personnel Management has updated it’s online calculator that projects annuity for FERS, CSRS and Thrift Savings Plan benefits to help federal employees more…