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…
White House Proposes 2.7% Pay Raise for 2022
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…