If the projection holds until the official figure is determined in October, it would be the highest COLA increase since 1983 more…
Legislation Would Raise Age for Required Minimum Distributions, Increase Catch-Up Contribution Amounts for Retirement Savings
Proposed bills in both the House and Senate would raise the age for required withdrawals (RMDs) and increase the amount for catch-up contributions for retirement savings accounts more…
TSP Likely to Offer Mutual Fund Window Including Climate Friendly Options in 2022
The window will allow TSP investors to allocate funds in their account to more than 5,000 investments more…
Legislation Would Change Social Security’s COLA Calculation
If passed, the Fair COLA for Seniors Act of 2021 would potentially increase cost of living adjustments for Social Security and other federal retirement programs to reflect rising costs for seniors more…
Another Large FEHB Provider Offers Federal Employees a Credit for Vaccination
Starting July 1, GEHA is offering eligible members a $75 wellness account credit for receiving a full COVID-19 vaccination. BCBS started offering a $50 incentive last month
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TSP Participants Can Now Submit Withdrawal and Loan Forms Online
Thrift Savings Plan participants can find an up-to-date list of TSP forms that can be completed and uploaded online more…
House Indicates Support of 2.7% Federal Pay Raise for 2022
The proposal is a jump from last year’s 1.0% across-the-board increase more…
Special Open Enrollment Period and New Flexibilities for Health Care Flexible Spending Accounts Ends June 30
In response to recent legislation and IRS guidance, the Federal Flexible Spending Account Program (FSAFEDS) is providing a Special Enrollment Period and new flexibilities for the 2020 and 2021 plan years to Health Care Flexible Spending Accounts (HCFSAs), Limited Expense Health Care Flexible Spending Accounts (LEX HCFSAs), and Dependent Care Flexible Spending Accounts (DCFSAs) more…
Most Federal Employees Will Get Friday, June 18 Off for Juneteenth
President Biden is scheduled to sign the Juneteenth National Independence Day Act into law today to make Juneteenth (June 19) a new federal holiday. more…
Legislation Would Change Fiduciary Duties of TSP’s Board
If passed, the TSP Fiduciary Security Act would modify the Federal Retirement Thrift Investment Board to include a duty not to harm U.S. national security more…