Pay & Benefits
TSP Catch-Up Contribution Change Coming Soon, and More
A weekly roundup of pay and benefits news.
Your Tax Bill Is On Sale, But Probably Not for Long
Federal employees shouldn’t overlook the potential advantages of investing in a Roth TSP or Roth IRA.
Medicare and Open Season
Here’s some information to help you make some very important decisions.
Salary Council: Federal Workers Make 23% Less than Private Sector Counterparts
The advisory council on federal compensation recommended that Carroll County, Ill., be added to the Davenport-Moline, Iowa-Ill., locality pay area.
Lawmakers Seek to Increase Retiree COLA for Next Year to 3%
Legislation would set the annual increase in Social Security and federal retiree annuities at 3%, rather than the 1.3% increase currently slated for 2021, and would permanently increase adjustments in future years.
The 8 Most Important Birthdays for Feds
Think now about these milestones—it could make a world of difference as you approach your next stage of life.
Will There Be an End-of-Year Retirement Exodus?
If so, there may be bottlenecks in retirement processing.
Employee Groups Decry Hikes in What Typical Feds Will Pay in Heath Care Premiums, and More
A weekly roundup of pay and benefits news.
Feds Will Pay 4.9% More Toward Health Care Premiums Next Year
The Office of Personnel Management said Wednesday that it has revamped its online plan comparison tool and encouraged greater transparency from insurance carriers to tamp down on surprise billing.
For Feds, Net Worth Is More Important Than Income
There are many stories of federal employees who don’t have 6-figure incomes yet still manage to build considerable wealth.
Retiree COLA Set at 1.3% Next Year, Prompting Calls for Change
Organization calls on Congress to shift the metric upon which annual cost of living adjustments for Social Security and federal retirement benefits are based from the general price of goods to one that takes into account spending by the elderly.
Senate Democrats Introduce Bill to Make Payroll Tax Deferral Optional
Legislation requiring workers, including federal employees and military service members, to consent in writing to have their Social Security taxes deferred between now and the end of the year has the support of nearly 20 employee groups.
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