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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.

TSP to Introduce New L (Lifecycle) Funds in 2020

July 10, 2019 My Federal Retirement

The Thrift Savings Plan will expand the L funds from a 10-year increment asset allocation to a five-year increment more…

Paid Family Leave Added as Amendment to NDAA

July 1, 2019 My Federal Retirement

The measure would provide all federal employees12 weeks of paid leave for the arrival of a new child or to care for a sick loved one more…

House Passes 2020 Federal Pay Raise

June 27, 2019 My Federal Retirement

If signed into law, it would be the largest pay raise for federal employees in ten years more…

Lawmakers Push to Guarantee Social Security COLA of At Least 3%

June 26, 2019 My Federal Retirement

Social Security

The bill would also update the formula determining the COLA to one the legislators believe better reflects the expenses of seniors more…

Legislation Would Expedite Dismissal Process of Federal Employees

June 21, 2019 My Federal Retirement

If passed, the bill would streamline the process and shorten the amount of time required to remove underperforming employees more…

More Changes Outlined For TSP Withdrawals

June 17, 2019 My Federal Retirement

The changes are part of the TSP Modernization Act and are planned for September 15 this year more…

The New Form W-4 (and the Importance of a Paycheck Checkup)

June 14, 2019 My Federal Retirement

The revised tax withholding form implements changes made following the 2017 Tax Cuts and Jobs Act, which made major revisions affecting taxpayer withholding more…

2020 Federal Pay Raise Passes House Committee

June 12, 2019 My Federal Retirement

The 3.1% raise includes a 2.6% across-the-board pay increase for federal employees plus a 0.5% average increase in locality pay next year more…

2020 Federal Pay Raise of 3.1% Proposed by House Appropriations Committee

June 3, 2019 My Federal Retirement

In March, President Trump proposed a pay freeze for next year in the White House’s fiscal 2020 budget more…

TSP Opposes Bill Prohibiting Investments in China and Russia

May 30, 2019 My Federal Retirement

The legislation would force the Thrift Savings Plan Investment Board to reevaluate I-Fund choices to those that do not support threatening economies more…

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