The proposal would provide pay parity between the civilian and military workforce. But several federal employee groups are calling for a larger increase more…
Legislation Introduced to Ban TSP Investment in China
If passed, the Prohibiting TSP Investment in China Act would prohibit funds in the Thrift Savings Plan from investing in any security of a Chinese company more…
62% of Retirees Think Social Security COLA Should Be Guaranteed 3%
Due to increasing inflation in the first quarter of 2021, many believe cost of living adjustments must be tied to the Consumer Price Index for the Elderly (CPI-E) and must provide a guaranteed minimum increase of no less than 3 percent more…
6 Key Rules to Borrowing from Your Thrift Savings Account
A quick view of the conditions in which you can borrow from your TSP more…
New Rules Provide Benefit Protections for Federal Employees, Retirees during Government Shutdowns
Federal employees, retirees and annuitants will not experience disruptions of their health care and other benefit programs during future government shutdowns more…
Bill Would Guarantee 12 Weeks Paid Family Leave for Federal Employees
While parental leave is paid under the Federal Employee Paid Leave Act of 2019, family and medical leave is currently unpaid. more…
Reform for Social Security’s Windfall Elimination Provision (WEP) Reintroduced
If passed, the proposed legislation could provide more retirement income for some federal employees more…
IRS Extends IRA and Health Savings Account Contribution Deadlines for 2020 Tax Year
Individuals have until May 17, 2021 to meet certain deadlines that would normally fall on April 15. But other deadlines remain April 15. more…
IRS Issues Timeline for Sending Stimulus Payments to Non-Filer Social Security and Other Federal Beneficiaries
The Internal Revenue Service projects stimulus payments to non-filer Social Security and other federal beneficiaries… more…
Reminder on TSP Required Minimum Distributions Rules for 2021
The Coronavirus, Aid, Relief and Economic Security (CARES) Act allowed Thrift Savings Plan participants to waive 2020 required minimum distributions (RMDs). But RMDs have not been waved for 2021 more…