The Federal Retirement Thrift Investment Board will put into effect a final rule recalculating how federal employees repay accrued interest on reamortized loans from the government’s 401(k)-style retirement plan.
Defense Secretary Pete Hegseth’s decision last spring to shutter a slew of advisory committees has imperiled already enacted pay raises for federal employees in blue collar jobs.
The Senate parliamentarian previously ruled that most of the proposals aimed at cutting federal employees’ retirement benefits and civil service protections violated a rule to ensure reconciliation bills are budgetary in nature.
From late penalties to premium reimbursements, here’s what every retired fed should understand about enrolling in Medicare Part B—and how it works with your FEHB plan.
Not all money in a Roth Thrift Savings Plan account is automatically tax-free, and there are several things to consider before making a withdrawal to avoid tax and other penalties.
An April decision by the justices means that federal employees called up to active service could be eligible for differential pay, and that the Merit Systems Protections Board could receive a wave of new claims.
Under language released by a Senate panel Thursday night, new federal workers who decline to serve as at-will employees will pay nearly 15% of their paycheck toward their pension benefit.
Federal employees can deploy more flexibility in their retirement and estate planning, as well as potentially safeguard assets for their beneficiaries by considering the range of offerings provided by a living trust.
Some recently fired probationary workers have also been unable to access their personnel records to show to insurance companies and prospective employers.
Eight Democrats decried recent guidance encouraging agencies to pay Schedule C political appointees the maximum federal salary of $195,200 as an attempt to hire “underqualified and overpaid political elites.”
If enacted, the provision would bar the Federal Employees Health Benefits Program from covering federal employees and their family members’ gender affirming care treatments.
Federal retirement has been a hot topic on Capitol Hill lately, with proposed changes sparking plenty of questions. Here’s a look at what’s on the table now.
The Ohio congresswoman brought back her bill to lower health care costs for fallen service members’ partners for longer, while Rep. Neguse wants to offer veterans more job support.
Though Democrats were able to excise a plan to base federal retirees’ annuity payments on their highest five years of salary, rather than the current high-3, proposals to eliminate the FERS supplement and to charge employees for their civil service protections remain on the table.