The plan proposes an the across-the-board 2025 federal employee pay raise of 1.7 percent and locality pay increases will average 0.3 percent, resulting in an overall average increase of 2.0 percent for civilian federal employees more…
Eligibility and Calculation of the FERS Retirement Annuity Supplement
The retiree annuity supplement is a monthly benefit paid to certain employees under the Federal Employees Retirement System who retire from federal service before age 62 under the FERS immediate retirement rules. Ed Zurndorfer outlines the eligibility rules and how to estimate the supplement more…
Thrift Savings Plan Launching New Lifecycle (L) Fund
Starting July 26, 2024, TSP participants will have will have eleven Lifecycle (L) Funds to choose from instead of the ten currently available more…
OPM Announces Crack Down on Ineligible FEHB Enrollees
The Office of Personnel Management has new tools to reduce the number of ineligible enrollments in the Federal Employees Health Benefits program more…
Survey of Seniors Indicates Recent Cost-of-Living Adjustment (COLA) is Not Enough
71% of respondents say that an increase in household costs are exceeding the 3.2% COLA they received this year more…
Have You Checked Your Tax Withholding This Year?
The IRS’ online tool makes it easy for both employees and retirees to determine if they are having too little or too much federal tax withheld more…
2025 Federal Pay Raise of 2% Proposed in White House Budget
If implemented, this would be the smallest pay raise in the last 3 years. Some House and Senate Democrats are proposing a 7.4% increase for 2025. more…
Proposed Legislation Would Repeal Social Security Tax
In a recent survey, during the 2023 tax season, 23 percent of those who received Social Security for three years or more said they paid tax for the first time more…
2025 Federal Pay Raise Proposed at 7.4%
Congressman Gerry Connolly (D-VA) and Senator Brian Schatz (D-HI) reintroduced legislation last week that would provide federal employees with a 2025 pay raise of 7.4 percent more…
OPM Restricts Salary History in Setting Federal Pay
The Office of Personnel Management issued a final rule Tuesday eliminating the use of non-federal salary history in establishing pay for job offers to newly-hired or returning federal employees more…