Pay & Benefits Watch
TSP funds continued their upward swing in June
Each of the portfolios in the federal government’s 401(k)-style retirement savings program gained value last month.
Tax-free…or not? Avoid these 4 Roth TSP mistakes
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.
New pay claims for active-duty federal employees possible after Supreme Court decision
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.
Estate planning through Revocable Living Trusts: A guide for retirees and government employees
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.
Senators fix their sights on OPM’s pay memo for political appointees
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.”
Kaptur reintroduces legislation to expand Gold Star survivors benefits, Neguse wants to offer vets firefighter training
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.
Senator says VA is slow-footing benefits law, congresswoman wants a watchdog for Thrift Investment Board
Del. Eleanor Holmes Norton, D-D.C., has brought back legislation that would create an inspector general for the Federal Retirement Thrift Investment Board, while the Senate Veterans’ Affairs Committee’s ranking member argues the department is too slow in implementing legislation.
Age gap retirement planning for federal employees: Avoiding the 'Widow’s Penalty,' Medicare planning and more
How to think about the best ways to utilize your retirement and health care benefits when you may be older, or younger, than your spouse.
VA moves survivors’ help office, again, to make it easier to get benefits
The department is seeking to reverse a 2021 decision by the Biden administration that placed the Office of Survivors Assistance under the Veterans Benefits Administration.
Don’t get stuck with a tax bill in retirement: The federal retiree's guide to tax withholding
While tax withholding is automatic while working, retirees face the responsibility of ensuring their income is withheld for federal and state taxes. With that in mind, here are some options to be aware of.
New rule would change the reamortized debt formula for Thrift Savings Plan loans
A proposed rule from the Federal Retirement Thrift Investment Board could recalculate how federal employees repay accrued interest on loans from the government’s 401(k)-style retirement plan.
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House legislation seeks to add protections for probationary employees
A bill from a newly-minted representative from Maryland is one of several proposed bills in response to the ongoing federal workforce reductions.
How tariffs and inflation may affect your TSP
Though the upheaval of tariff policy has riled the markets, here's what to consider for the potential impacts on the federal government’s 401(k)-style retirement savings program.
Efforts to boost VA recruitment and promote BOP mental health get another push from House members
A pair of House bills seek to address personnel challenges within the Veterans Affairs Department and the Bureau of Prisons by offering new incentives and additional screenings, respectively.
Stopgap bill includes permanent pay raises for firefighters
Federal wildland firefighters secured new special salary pay tables at all levels through the six-month continuing resolution package after Congress spent 2024 averting numerous pay cliffs.
Your guide to pay and benefits during a shutdown
Congress has just days to reach agreement on a deal to keep federal agencies open past Friday.
A pair of House bills aim to give fired feds relief
Legislation from Reps. Sheila Cherfilus-McCormick, D-Fla., and Derek Tran, D-Calif., seeks to secure benefits for federal employees recently fired by the Trump administration and help get some of their jobs back.
Bipartisan bill returns to help feds and postal workers close retirement gap
A bipartisan group is again pitching legislation that would allow some federal and postal employees who began their careers as temporary workers to contribute to their federal retirement accounts for those years.
Senate Dem reintroduces Equal COLA Act, and more
A weekly roundup of pay and benefits news.
How new executive orders will impact FEHB coverage next year
Pay and benefits news you may have missed.
