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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.

OPM Provides More Details on FEHB Changes for 2021

October 26, 2020 My Federal Retirement

The Office of Personnel Management issued further details on the health plans for 2021 in addition to the premium rates announcement earlier this month more…

Lawmakers Propose Emergency Increase for 2021 COLA

October 22, 2020 My Federal Retirement

In response to the announcement of a 1.3% cost-of-living adjustment for 2021, two lawmakers have introduced emergency legislation calling to increase next year’s COLA more…

COVID-19 Won’t Delay 2020 Federal Benefits Open Season, OPM Says

October 15, 2020 My Federal Retirement

The 2020 federal benefits open season will take place as scheduled according to a recent statement from the Office of Personnel Management more…

Payroll Tax Deferral Would Be Optional for Federal Employees Under Proposed Bill

October 13, 2020 My Federal Retirement

If passed, the legislation would require federal employees to opt-in to the program in writing rather than being automatically enrolled more…

House Passes Bill to Protect Federal Employees Returning to Offices Amid COVID-19

October 8, 2020 My Federal Retirement

The legislation would require each federal agency to publish online a plan to reopen a federal office building at least 30 days prior to the return of federal employees more…

All Federal Employees Can Carry Over Unused Leave Under Proposed Legislation

October 8, 2020 My Federal Retirement

If passed, the Federal Worker Leave Fairness Act allow all federal employees to carry over the leave they have accrued when a national pandemic prevents employees from taking time off of work more…

Bipartisan House Group Urges Administration To Allow Payroll Tax Deferral Opt-Out

October 6, 2020 My Federal Retirement

payroll

43 House members wrote to Treasury Secretary Steven Mnuchin asking that the federal workforce be allowed the flexibility to opt in or out of the payroll tax deferral created in an August 8 executive order more…

More Federal Employees Subject to Mandatory Payroll Tax Deferral than Originally Anticipated

September 28, 2020 My Federal Retirement

payroll

The IRS informed NTEU that the taxes are deferred if the gross salary is less than $3,999 after several pre-tax deductions are subtracted out, including health insurance premiums and deductions for flexible spending and health savings accounts more…

TSP to Increase Automatic Enrollment Contribution to 5%

September 21, 2020 My Federal Retirement

The Federal Retirement Thrift Investment Board is amending its regulations to increase the automatic enrollment percentage from 3 percent to 5 percent of basic pay for all participants who are automatically enrolled in the TSP on or after October 1, 2020 more…

Federal Employee Group Asks OMB for Answers on Payroll Tax Deferral

September 10, 2020 My Federal Retirement

The administration owes federal employees an immediate explanation of how and when the temporary tax deferral will affect their pay, according to a letter NTEU sent last week more…

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