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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.

Bill Would Give Equal COLA to Both FERS and CSRS Federal Retirees

June 16, 2022 My Federal Retirement

Cost of living adjustment (COLA) prediction

If passed, the Equal COLA Act would give federal retirees in both FERS and CSRS the same annual  cost of living adjustment each year more…

Legislation Would Ban ESG Investments in Thrift Savings Plan

June 7, 2022 My Federal Retirement

If passed, the No ESG at TSP Act would prohibit the TSP from allowing participants to invest their retirement savings into funds that make investment decisions based on environmental, social, governance, or political criteria more…

Thrift Savings Plan’s Website Resumes After Blackout Period to Add New Features

June 3, 2022 My Federal Retirement

All TSP participants are required to establish a new login to regain access to their account on TSP. gov more…

Senators Urge TSP to Cancel Mutual Fund Window

June 2, 2022 My Federal Retirement

The senators believe the new program could expose the investments of TSP participants to Chinese companies, including ones currently sanctioned or otherwise blacklisted for the threat they pose to U.S. national security more…

Proposal Would Increase Social Security Earnings Limit

May 26, 2022 My Federal Retirement

If passed,the Senior Citizens Inflation Relief Act would temporarily raise the threshold of income Social Security recipients could earn while still working more…

New Login Tool Required for OPM’s Retirement Services Online Starting May 26

May 23, 2022 My Federal Retirement

The service provides access for federal retirees and annuitants to manage their annuity payment information, federal and state tax withholding, tax forms, and other benefits more…

Thrift Savings Plan Transition Dates for New Features Start May 16, 2022

May 13, 2022 My Federal Retirement

The Thrift Savings Plan has provided an outline of how to prepare and a list of the key transition dates from May 16 until the first week of June more…

Best and Worst States for Property Tax

May 12, 2022 My Federal Retirement

Because many retirees are on a fixed income, property taxes can play an important part in the decision of where to live during retirement years more…

Federal Employees Can Now Receive Paid Time Off to Vote

May 9, 2022 My Federal Retirement

Office of Personnel Management announced that federal employees may now receive up to four hours of administrative leave to vote and may now use up to four hours of administrative leave per year to serve as non-partisan poll workers or observers more…

62 Democratic Lawmakers Ask for 5.1% Federal Pay Raise in 2023

April 29, 2022 My Federal Retirement

The request is higher than the White House’s proposal of 4.6% made last month and is supported by many federal employee groups more…

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