The Federal Retirement Thrift Investment Board is amending its regulations to increase the automatic enrollment percentage from 3 percent to 5 percent of basic pay for all participants who are automatically enrolled in the TSP on or after October 1, 2020 more…
Federal Employee Group Asks OMB for Answers on Payroll Tax Deferral
The administration owes federal employees an immediate explanation of how and when the temporary tax deferral will affect their pay, according to a letter NTEU sent last week more…
House Democrats Seek Answers On Payroll Tax Deferral Order for Federal Employees
17 House Democrats on the House Ways and Means Committee last week sent a letter to the Trump Administration seeking clarity on the rollout of the president’s executive order on deferral of payroll taxes more…
OPM Issues Rules on Restoring ‘Use or Lose’ Leave During COVID-19
The rule allows some federal employees to carry forward more than 30 days of annual leave into next year if they were unable to schedule that leave due to their duties responding to the coronavirus pandemic more…
More Dental and Vision Insurance Options for Federal Employees in 2021
The Office of Personnel Management has selected additional insurance carriers for the Federal Employees Dental and Vision Program (FEDVIP) effective January 1, 2021 more…
Working From Home: Can Federal Employees Claim A Home Office Tax Deduction?
With more people working from home than ever before, here are some insights from the IRS to help taxpayers understand the home office deduction and whether they can claim it more…
New Locality Pay Areas Proposed for 2021
The Office of Personnel Management has issued a proposal to add another new locality pay area and expand an existing area more…
AFGE Expands Lawsuit for COVID-19 Hazard Pay
The American Federation of Government Employees has added plaintiffs from several new agencies in their lawsuit against the federal government on behalf of those who were exposed to the coronavirus while on duty more…
GAO Provides Caution to Risks of Reverse Mortgages
Seniors may use reverse mortgages to help supplement retirement income, but a growing percentage have defaulted and are at risk of losing their home to foreclosure more…
GAO: To Improve CPI Indexes Used to Calculate Retirement COLAs, Data Should Be Evaluated
“As the life expectancy of Americans continues to increase, more Americans will be subject to these adjustments, so it is critical for them to be accurate,” the GAO said… more…