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Scott Thompson

For more than 20 years, Scott Thompson has written, published and developed hundreds of retirement resources for U.S. federal government employees. Scott is also the former CEO of Federal Employees News Digest (publishers of the Federal Employees Almanac) where he initiated and managed the development of the popular FederalSoup forum for federal employees.

2024 Federal Pay Raise Proposed at 8.7% by Lawmakers

My Federal Retirement

pay riase

If passed, the proposed Federal Adjustment of Income Rates (FAIR) Act in the House and Senate would provide a base pay raise of 4.7% plus a 4% average locality pay increase. Several employee groups have endorsed the legislation
more…

2024 Federal Pay Raise of 5.2% Proposed in White House Budget

March 24, 2023 My Federal Retirement

pay riase

If implemented, this would be the largest pay increase for federal workers in 40 years more…

Proposed Bill Would Exempt Social Security and Medicare from Debt Ceiling

March 9, 2023 My Federal Retirement

Recently introduced legislation would keep Social Security and Medicare from being used in negotiations over the federal government raising the debt ceiling more…

Legislation Reintroduced to Postpone Federal Employees’ Payment Obligations During a Government Shutdown

March 8, 2023 My Federal Retirement

If passed, the Federal Employee Civil Relief Act would enable government employees and contractors to postpone payment obligations during a shutdown or debt default and for 30 days afterward more…

Many Thrift Savings Plan Forms Now Online, Some Older Forms Obsolete

March 3, 2023 My Federal Retirement

TSP - Thrift Savings Plan

The Thrift Savings Plan recently announced that it has created new forms and online tools and declared prior versions of some old forms obsolete more…

The 5-Year Rule: Keeping Your Federal Health Benefits and Life Insurance After Retirement

February 27, 2023 My Federal Retirement

Don’t overlook these important rules when planning for federal retirement more…

More Than Half of Retirees Worried 2023 COLA Is Not Enough

February 24, 2023 My Federal Retirement

While the 2023 federal retiree cost-of-living adjustment increase was the largest in nearly four decades, a new survey suggests that American retirees are worried that it’s not enough to cover rising costs this year more…

Lawmaker Reintroduces Equal COLA Act for Federal Retirees

February 13, 2023 My Federal Retirement

If passed, the legislation would guarantee that federal retirees in the Federal Employee Retirement System (FERS) and the Civil Service Retirement System (CSRS) both receive the same annual percentage cost of living adjustment each year more…

Lawmakers Want to Provide Federal Employees 12 Weeks of Paid Family and Medical Leave

February 10, 2023 My Federal Retirement

For federal employees, while parental leave is paid due to the Federal Employee Paid Leave Act in 2019, family and medical leave is unpaid more…

NARFE Urges Lawmakers to Repeal Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)

February 6, 2023 My Federal Retirement

The National Active and Retired Federal Employees Association sent a letter to all returning House members last month to support reintroduced legislation that would repeal the WEP and GPO provisions of Social Security more…

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