If passed, the You Earned It, You Keep It Act would repeal all of the federal taxation on Social Security retirement benefits beginning in 2023 more…
White House Formalizes Average 4.6% Pay Raise for Federal Employees in 2023
TThe president’s alternative pay plan is an across-the-board base pay increase of 4.1% and a locality pay increase of an average of 0.5% more…
Locality Pay Increases Could Affect 30,000 Federal Employees
The Federal Salary Council recommended a list of new locality pay areas and adjustments that would improve the salaries of nearly 30,000 federal employees if implemented more…
GAO Agrees to Investigate Problems of New TSP Website
Thrift Savings Plan participants have reported difficulties accessing accounts, discrepancies in account balances, missing or incomplete information, and hours-long wait times to reach customer service since the June roll-out of new features more…
NARFE Urges Congress to Waive Required Retirement Savings Withdrawals Due to High Inflation
The National Active and Retired Federal Employees Association asked Congress to suspend the requirement that retirees age 72 and older take distributions (RMDs) from retirement savings accounts such as the Thrift Savings Plan more…
TSP Issues Notice on Changes to Participant Statements
Due to a recent transition of the Thrift Savings Plan’s recordkeeping services, there are several changes that affect delivery of statements — and the way contributions and beneficiaries are displayed more…
House Effectively Endorses 2023 Pay Raise of 4.6%, Proposes Inflation Bonus for Some Federal Employees
The House’s silence on federal pay essentially puts the White House plan in effect by default. A 2023 inflation bonus for some employees was included in the House’s version of the NDAA more…
House Passes Retirement Bill for Federal First Responders
If passed, the First Responder Fair RETIRE Act would make sure federal firefighters, law enforcement officers, and other federal first responders qualify for full retirement benefits if they are injured on the job and return to the federal workforce more…
NARFE Supports Improvements of OPM’s Retirement Services in House Appropriations Bill
The National Active and Retired Federal Employees Association has concerns about significant retirement processing delays and the inability of annuitants and their families to connect with OPM (via phone, email or other method) to receive needed assistance more…
Lawmaker Requests Meeting with TSP to Discuss Ongoing Problems with New Online System
Since the rollout of new features on the Thrift Savings Plan’s website earlier this month, federal employees and retirees ave reported numerous issues including information not being properly transferred and taxes not being properly allocated more…