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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.

Latest TSP Share Prices

April 8, 2025 My Federal Retirement

Get the latest Thrift Savings Plan share prices which determines the value of your TSP account at the end each business day more…

Reconsidering Your Mix of TSP Funds During a Volatile Market

April 4, 2025 My Federal Retirement

A retired federal employee and long-time Thrift Savings Plan multimillionaire shares it might be a good time for Thrift Savings Plan participants to reconsider their mix of funds and why it’s a “perfect buying opportunity.” more…

Understanding the Volatility of TSP Share Prices and the Benefits of Dollar-Cost Averaging

April 1, 2025 My Federal Retirement

In a volatile market, many TSP investors become increasingly fearful of how much, when, where and even if they should continue contributing in the TSP. Learn how dollar-cost averaging can potentially work in your benefit over the long haul more…

What Is Your Service Computation Date?

March 11, 2025 My Federal Retirement

A service computation date (SCD) determines a federal employee’s eligibility for a specific benefit or program. There are four different types: Leave, Thrift Savings Plan (TSP), reduction in force, and retirement more…

2026 Federal Pay Raise Proposed at 4.3%

February 19, 2025 My Federal Retirement

If passed, the Federal Adjustment of Income Rates (FAIR) Act would give a 2026 federal pay raise including an overall average 3.3% increase in base pay with 1% for locality pay more…

Bill Reintroduced to Eliminate Income Tax on Social Security Benefits

February 13, 2025 My Federal Retirement

If passed, the Senior Citizens Tax Elimination Act (HR 1040) will amend the Internal Revenue Code to eliminate Social Security benefits in an individual’s gross income. A senior group estimates the annual tax savings per household and the possible impact on future cost-of-living adjustments (COLAs) more…

Social Security Says It Could Take More Than One Year to Implement Repeal of WEP, GPO

February 4, 2025 My Federal Retirement

The Social Security Administration provided a Q&A on how the new law affects many beneficiaries including information on Medicare premium payments more…

Trump Administration Offers ‘Deferred Resignation’ to Most Federal Employees

January 30, 2025 My Federal Retirement

The “Deferred Resignation Program” email states those federal employees receiving the offer must resign by February 6. A Q&A on the program is provided more…

How Will The Social Security Fairness Act Affect Federal Employees & Retirees?

January 23, 2025 My Federal Retirement

While currently the Social Security Administration is evaluating how to implement the new law repealing Social Security’s Windfall Elimination Provision and the Government Pension Offset, here’s what federal employees, retirees and spouses should know (and do) now. Includes online tool to estimate how much of their Social Security benefits have been — or would be reduced — due to the WEP and GPO more…

Proposed Legislation Would Reduce Locality Pay, Retirement Benefits for Some Federal Employees

January 14, 2025 My Federal Retirement

If passed, two bills introduced last week in Congress would impact the pay and benefits for some federal employees more…

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