Subject to final regulations, the new and expanded locality pay areas would be applicable on the first day of the first applicable pay period beginning on or after January 1, 2024 more…
OPM Releases New Videos to Help Federal Employees Prepare for Retirement
The three videos are designed to help federal employees and retirees better navigate their online retirement services accounts more…
TSP Participants Can Now Manage Installment Payments Online
Stopping existing installments and requesting new installments can now be done in the My Account section of the Thrift Savings Plan’s website more…
OPM Expands Dental & Vision Benefits to More Federal Employees
The Office of Personnel Management finalized regulations this week to give nearly 200,000 federal employees access to the Federal Employees Dental and Vision Insurance program (FEDVIP) more…
Reform Proposed for Social Security’s Windfall Elimination Provision (WEP)
If passed, the proposed legislation could provide more retirement income for some federal employees more…
How the Additional Pay Period in 2023 Affects Maximizing TSP Contributions
Because of because of the additional pay period during 2023, many federal employees will earn an additional leave. Ed Zurndorfer how this affects Thrift Savings Plan contribution limits for 2023 — including important deadlines more…
Additional Pay Period in 2023 Could Affect ‘Use or Lose’ Annual Leave for Many Federal Employees
While many federal employees will have an extra pay period in 2023 and accrue extra annual leave, it is important they understand how this may affect the “use it or lose it” policy for annual leave more…
Participants Sue Thrift Savings Plan for Processing Delays
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…