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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.

Elimination of WEP and GPO Proposed in Bipartisan Legislation

January 25, 2021 My Federal Retirement

Social Security

The WEP and GPO reduce or eliminate Social Security benefits for many that are those who are covered by government-sponsored pension plans more…

Most Federal Employees Will Get Higher Annual Leave Carryover

January 12, 2021 My Federal Retirement

Annual Leave

The 2021 National Defense Authorization Act allows eligible federal employees to carry over an additional 25% of unused from 2020 into 2021 due to the COVID-19 pandemic. Guidance has been issued by the Office of Personnel Management more…

IRS Begins Delivering Second Round of Stimulus Payments

December 31, 2020 My Federal Retirement

The Internal Revenue Service has issued FAQs on the the second round of payments — which are generally $600 for singles and $1,200 for married couples filing a joint return — authorized by the newly enacted COVID-relief legislation more…

Spending Package Signals 1% Federal Employee Pay Raise for 2021, Extended Time to Pay Back Deferred Payroll Taxes

December 28, 2020 My Federal Retirement

Congress passed the omnibus spending package Monday to fund federal agencies through the fiscal year and provide further COVID-19 relief more…

2021 Federal Leave Chart / Record / Calendar

December 21, 2020 My Federal Retirement

Keep track of your 2021 leave with this handy calendar downloadable in PDF more…

December 15 Deadline for TSP Withdrawals Under CARES Act

December 11, 2020 My Federal Retirement

The CARES Act allows coronavirus-affected participants to make a one-time withdrawal of up to $100,000 a TSP account more…

Legislation Would Offer ‘Climate Choice’ Option in Thrift Savings Plan

December 10, 2020 My Federal Retirement

TSP - Thrift Savings Plan

If passed, the bill would give federal employees the ability to divest from the fossil fuel industry more…

Checkbook Guide to Health Plans for Federal Employees and Annuitants for 2021

November 18, 2020 My Federal Retirement

The 41th edition rates about 276 health insurance plans available to federal employees and retirees more…

2021 Federal Pay Freeze Proposed by Senate Appropriations Committee

November 12, 2020 My Federal Retirement

The Senate Appropriations Committee on Tuesday proposed a pay freeze for federal employees in 2021 as part of its appropriations bill more…

Bipartisan House Bill Would Increase Required Minimum Distribution Age to 75

October 27, 2020 My Federal Retirement

The proposed bill also includes several other changes related to employee-sponsored retirement savings plans and IRAs more…

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