The Thrift Savings Plan sent a reminder to investors this week: “Try not to let short-term market movements steer you off course.” more…
TSP Annuity COLA Calculation to Change in March
The Thrift Savings plan is changing the cost-of-living adjustment rate used to calculate the annual increase for annuities with an increasing payment option more…
TSP Hardship Withdrawal Options Would Expand Under Proposal
The new rule would allow Thrift Savings Plan participants to take hardship withdrawals for expenses related to natural disasters more…
TSP Announces Scheduled Outage of Services and Instructions to Request Color Copy of 2019 Annual Statement
Due to scheduled system maintenance, www.tsp.gov, the ThriftLine, and www.frtib.gov will be unavailable… more…
New Legislation Would Expand Paid Parental Leave to All Federal Employees
If passed, the Federal Employee Parental Leave Technical Correction Act, to ensure more federal employees receive 12 weeks of paid leave for the birth, adoption, or fostering of a child more…
How Seniors and Retirees Can File Their Federal Taxes for Free
Many seniors and retirees on fixed incomes can file their taxes for free. Free File… more…
TSP Wants to Make Catch-up Contributions Easier for Participants
The process will be simplified by eliminating a form more…
White House Proposes Reduction in Federal Retirement Benefits and 1% Pay Raise in 2021
The proposal includes a 1% across-the board pay raise for civilian employees in 2021 and reintroduces several reductions in retirement benefits from the 2020 fiscal proposal more…
Tax Issues Facing Federal Employees Who Divorce — Part 2: Alimony, Child Support and Tax Carryforwards
Federal benefits and tax expert, Ed Zurndorfer, discusses the various alimony and child support issues for federal employees who have experienced a divorce more…
2021 Federal Pay Raise Proposed at 3.5%
Lawmakers reintroduced the Federal Adjustment of Income Rates Act last week, which — if passed — would provide federal employees a 3.5 percent pay increase in 2021 more…