Pay & Benefits

TSP Portfolios Faltered Again in August

Nearly all of the funds in the federal government’s 401(k)-style retirement savings plan returned to negative territory last month.

Pay & Benefits

It's Official: Biden Formalizes Average 4.6% Pay Raise Plan for Feds in 2023

The annual declaration of a national emergency preventing large automatic pay increases from taking effect confirms that 0.5% of the total pay raise will go to an average increase in locality pay.

Pay & Benefits

Lawmakers Are Urging OPM to Beef up Feds’ Fertility Benefits

Democrats in both chambers of Congress bemoaned the abridged—and often expensive—coverage of treatments such as in vitro fertilization in the Federal Employees Health Benefits Program.

Pay & Benefits

More than 110 Lawmakers Are Urging the Education Dept. to Extend Public Service Loan Forgiveness Waivers

Although the Biden administration has already begun work to make many recent changes that make the program easier to use permanent, those reforms won’t be implemented until next summer.

Pay & Benefits

Higher Inflation At Least Means Higher COLAs

That’s generally true for federal retirees, but it’s a bit more complicated.

Pay & Benefits

GAO Will Investigate the Troubled TSP Recordkeeper Transition

Officials at the federal government’s 401(k)-style retirement savings program said nearly 2 million participants have successfully set up their new online account access, and call center wait times are down to around 10 minutes.

Pay & Benefits

Providing for Your Survivors

You have a range of options for guaranteeing a source of income for others in the event of your death.