COMMENTARY | "The failure to uphold the promise to fix the unfair pension allocation is hurting the Postal Service’s ability to recover from the pandemic," writes the president of the National Association of Letter Carriers.
The federal government’s HR agency’s work on improving the retirement application process for federal workers led to the agency shattering yet another longstanding record last month.
Starting in 2016, an OPM rule change allowed the divorced spouses of federal retirees to claim a portion of their annuity supplement. Now, after having a quorum for the first time in five years, the MSPB has stepped in to address the rule.
After three straight months where nearly every fund in the federal government’s 401(k)-style retirement savings program lost value, all funds finished last month in the black.
Medicare Advantage options have only been offered through Federal Employees Health Benefits Program carriers since 2021 and may provide benefits that are not covered under traditional Medicare.
A previous effort to move the I Fund to a broader benchmark index, which included investments in Chinese corporations, met opposition from the Trump administration and Republican lawmakers.