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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 Rollout New Withdrawal Options in Mid-September 2019

November 28, 2018 My Federal Retirement

The new options are part of the TSP Modernization Act of 2017 and will provide more flexibility for when TSP participants can access money from their accounts more…

OPM Needs to Improve to Reduce Retirement Application Backlog, OIG Says

November 27, 2018 My Federal Retirement

The Office of Personnel Management’s Inspector General provided a list of improvements OPM needs to make in order to meet its strategic plan in processing retirement applications for federal employees more…

Deadline for Changing TSP Monthly Payments is Dec. 15

November 26, 2018 My Federal Retirement

If you have chosen to receive part or all of your Thrift Savings Plan account in a series of monthly payments, you may change and manage those payments once a year before Dec. 15. more…

2019 Tax Inflation Adjustments Announced

November 26, 2018 My Federal Retirement

The IRS recently announced the annual inflation adjustments for tax year 2019, including tax rate schedules, deductions, and other changes. more…

House Bill Would Increase COLA for Many Federal Retirees

November 21, 2018 My Federal Retirement

If passed, the Equal COLA Acts aims to bring equity to the way the cost-of-living adjustment is determined under the Civil Service Retirement System (CSRS) and Federal Employees Retirement System (FERS). more…

Employee Group Asks OPM About Continuing Credit Monitoring for Feds Affected by 2015 Data Breaches

November 20, 2018 My Federal Retirement

Victims of the breaches need information about the status of their credit monitoring and identity theft insurance once the contracts for those services expire next month, says NTEU more…

Senators Urge GSA to Help Federal Employees With Relocation Expenses

November 20, 2018 My Federal Retirement

In a letter to the General Service Administration, the lawmakers asked the agency to do more to help federal workers manage the burden of new taxes on relocation expenses more…

IRS Provides Guide for New Tax Law

November 7, 2018 My Federal Retirement

The new publication breaks down the law in easy-to-understand language and highlights the changes that taxpayers will see on their 2018 federal tax returns they file in 2019 more…

Are You Making TSP Catch-Up Contributions?

November 1, 2018 My Federal Retirement

If you’re an active participant of a certain age, then consider this unique opportunity to boost your Thrift Savings Plan account more…

Some FEHB Plans Leaving the Program in 2019

October 30, 2018 My Federal Retirement

OPM recently issued the list of those plans — as well as instructions for those who may be affected. more…

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