Most civilian federal employees will get an excused day off from work. The Office of Personnel Management has provided specific guidance for federal employees in this memo more…
Articles
Health Care Flexible Spending Account Offers Alternative to Health Savings Account
What is a Health Care Flexible Spending Account? How does it compare to a Health Savings Account? Or a Health Reimbursement Arrangement? Federal benefits expert, Ed Zurndorfer, clears up the confusion and discusses the benefits for federal employees more…
TSP Making Changes to Lifecycle (L) Funds in January 2019
The Thrift Savings Plan will increase the proportion of its L Funds that are invested in stocks over a period of several years more…
TSP to Rollout New Withdrawal Options in Mid-September 2019
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…
HSAs Offer Trifecta Tax Benefit: Contributions, Growth and Distributions
Federal benefits expert, Ed Zurndorfer, outlines how a Health Savings Account offers tax deductible contributions, tax-free growth, and tax-free distributions — and describes how to fund an HSA through a transfer from a traditional IRA more…
OPM Needs to Improve to Reduce Retirement Application Backlog, OIG Says
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
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
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
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
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…