If passed, the bill would provide a “fairer formula.” Current WEP retirees would receive $150 a month in relief payments more…
Proposal to Provide Short-Term Disability Insurance for Federal Employees
If passed, the legislation would help provide financial relief for federal employees who have a short-term injury or disability, become pregnant, or develop a pregnancy-related illness more…
Plan to Protect Federal Employee Credit Scores During Government Shutdowns
A House committee approved legislation that would prevent federal employee credit scores from being negatively affected by financial difficulties due to a government shutdown more…
2020 COLA Estimated to Drop to 1.6 Percent
While the official number won’t be announced until mid-October, the estimate would be the lowest COLA since 2017 more…
TSP Temporarily Suspends Withdrawal Requests
In preparation for the upcoming implementation of the TSP Modernization Act, the Thrift Savings Plan announced this week it will temporarily stop accepting withdrawal requests starting on September 7 more…
White House Recommends 2.6% Federal Pay Raise for 2020
In a surprise reversal from the previously proposed pay freeze, President Trump announced an increase for base pay — however there is no locality pay adjustment in 2020 in his proposal more…
TSP Updates FAQs on New Withdrawal Options
There will be a “black-out” period for withdrawal requests from Sept. 7-14 as the TSP prepares to launch the new withdrawal options effective Sept. 15. more…
Senators Urge Thrift Savings Plan to Reverse Decision to Steer Federal Retirement Savings to China
The Senators say proposed changes to the TSP’s I fund will expose nearly $50 billion in retirement assets of federal government employees to “severe and undisclosed material risks” more…
Are You Having Enough Tax Withheld? Find Out By Using the IRS’ New Estimator
Just because a taxpayer already filed their tax return doesn’t mean they don’t need to think about taxes for the rest of the year more…
Changes in Retirement Plan Rollover Rules That Affect the Thrift Savings Plan
In June 2019, the Securities and Exchange Commission made the most significant changes to investment advice standards in more than two decades. Federal benefits expert, Ed Zurndorder, explains how they affect the TSP more…