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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.

Legislation Would Prohibit TSP From Investing in Russia

April 25, 2022 My Federal Retirement

If passed, the Terminating Securities from Putin (TSP) Act would bar the Federal Retirement Thrift Investment Board from establishing any Thrift Savings Plan funds that would include an investment of an entity based in Russia more…

House Passes Bill to Increase Catch-Up Contribution Limit and RMD Age for TSP Participants

April 19, 2022 My Federal Retirement

If signed into law, the SECURE Act 2.0 would increase the required minimum distributions age and increase the limit on catch-up contributions to qualified employer-sponsored retirement plans such as the Thrift Savings Plan more…

How Current and Future Federal Retirees Could Be Affected by the Postal Service Reform Act of 2022

April 13, 2022 My Federal Retirement

While the new law has no effect on current federal retirees’ health benefits participation and cost, federal benefits expert, Ed Zurndorfer, says chances are good that both current and future federal retirees will be affected by similar reforms in the near future more…

Federal Employee Groups Press for Higher 2023 Federal Pay Raise Than White House Recommended

March 31, 2022 My Federal Retirement

While the groups support the White House’s recommendation of a 2023 federal pay raise of 4.6%, most are also pressing for a 5.1% increase more…

White House Budget Proposes 4.6% Federal Pay Raise for 2023

March 29, 2022 My Federal Retirement

pay riase

If implemented, this would be the largest pay increase for federal workers in 20 years more…

Short-Term Disability Insurance for Federal Employees Proposed in Legislation

March 18, 2022 My Federal Retirement

If passed, federal employees could purchase the insurance at group rates but would be responsible for 100 percent of the premiums more…

Some Federal Employees Can Sign Up for COVID-19 Hazard Pay Lawsuit

March 11, 2022 My Federal Retirement

Eligible affected federal employees can sign up for the suit on a website launched last week. more…

Federal Employees Could Sue Government Over Vaccine Mandate Under Proposed Legislation

March 9, 2022 My Federal Retirement

If passed, the legislation would allow aggrieved individuals to seek damages — including both economic and noneconomic — for injuries sustained as a result of receiving a COVID–19 vaccine more…

Taxpayers May Face Delays in IRS Processing Tax Returns This Year

February 24, 2022 My Federal Retirement

Taxpayers should take special care this year due to several critical tax law changes and ongoing challenges related to the pandemic. The IRS provided several tips to help taxpayers have a smooth filing season more…

White House Could Propose 4.6% Pay Raise for Federal Employees in 2023

February 9, 2022 My Federal Retirement

pay riase

If approved, this would be the highest pay raise in 15 years more…

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