The senators say FRTIB’s decision to steer federal retirement savings to opaque Chinese firms engaged in human rights abuses and military-related activities is “short-sighted” and “foolish”
IRS Warns Taxpayers of Gift Card Scam
The Intern Revenue Service says there are many reports of taxpayers being asked to pay a fake tax bill through the purchase of gift cards
Two-Step Login Authentication Becomes Mandatory in December for TSP Participants
The added security helps protect a participant’s account against fraud. An instruction sheet is provided
Social Security Launches New Online Form to Report Scam Calls
The form is expected to disrupt the scam telephone calls, help reduce this type of fraud and the number of victims. A link to the form is provided
New Long-Term Care Insurance Plan Option Announced by OPM
The new plan includes a premium stabilization fund designed to reduce future spikes in premium increases. A guide booklet is available.
IRS Issues Warning of Social Security Number Scam
The latest variation: Scammers claim to be able to suspend or cancel the victim’s SSN
New Legislation Promises to ‘Fix’ Social Security Windfall Elimination Provision (WEP)
If passed, the bill would provide a “fairer formula.” Current WEP retirees would receive $150 a month in relief payments
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
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
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