Pay & Benefits
The federal retirement backlog just hit another recent record low
The Office of Personnel Management’s inventory of pending retirement claims from former federal workers reached its lowest level since 2017 for the second time this year.
Pay & Benefits
TSP funds continued to fall in September
For the second straight month, the vast majority of the portfolios in the federal government’s 401(k)-style retirement savings program declined in value.
Pay & Benefits
Long term care insurance: Sharp hike in premiums for feds means enrollees face tough choices
Experts say although long term care is in the cards for most older Americans, an upcoming spike in LTC insurance premiums for feds who are enrolled is just part of a pattern that will remain unbroken until Congress and policymakers act on the neglected—but vital—broader issue of long term care and accompanying costs that will affect a majority of federal families. The program remains closed to new applicants.
Pay & Benefits
Most TSP portfolios stumbled in August
The only fund in the federal government’s 401(k)-style retirement savings program that finished last month in the black was the G Fund, which increases at a statutorily mandated rate each month.
Pay & Benefits
IRS announces two-year delay to TSP catch-up contribution changes
New rules requiring high-income 401(k) participants to make catch-up contributions only to Roth accounts will not take effect until 2026.
Pay & Benefits
TSP contribution limits will increase again next year, consultants predict
This would mark the third straight year that the federal government’s 401(k)-style retirement savings plan and similar private sector programs see a boost in their annual contribution limits.
Pay & Benefits
Do you know what your TSP is for?
When you were first hired, your retirement benefit may have been described to you as a three-legged stool: pension, Social Security, and TSP savings. One financial planner advises feds not to shortchange the last leg.
Pay & Benefits
These 4 things must be paid before you get your federal pension monies
COMMENTARY | One financial planner says it's best to head into retirement with your eyes open.
Pay & Benefits
Some of the biggest regrets of retiring federal employees
COMMENTARY | As they face the realities of life, retirement, and getting older, some federal employees have shared a few regrets with financial planner Dallen Haws.
Pay & Benefits
Most TSP funds continued their upward trend in July
Only one of the portfolios in the federal government’s 401(k)-style retirement savings program ended last month in the red.
Pay & Benefits
OPM’s retirement backlog just hit its lowest level since 2017
The federal government’s HR agency’s efforts to modernize the retirement process have been buoyed by increased investment and renewed focus on customer service.
Pay & Benefits
TSP funds bounce back following debt limit uncertainty
Only one of the federal government’s 401(k)-style retirement savings plan’s portfolios finished June in the red.
Pay & Benefits
Saving for retirement in your TSP with a federal annuity: How much is enough?
Planning for retirement with a federal pension is different from planning for retirement without one.
Pay & Benefits
Tips for juggling different retirement systems
Did you know there’s a separate retirement system for employees on military bases in self-funding "morale, welfare and recreation" operations?
Pay & Benefits
Dead Letter Box: A union advocate’s plea for more reliable notifications to fed retirees
News updates and stories you may have missed.
Pay & Benefits
TSP Participants Sue Agency Over ‘Botched’ Recordkeeper Transition
A class action lawsuit filed last week alleges that the federal government’s 401(k)-style retirement savings program repeatedly failed to pay out participants’ withdrawal and loan requests for months following the transition to a new recordkeeping vendor.
Pay & Benefits
TSP Portfolios Report a Mixed Bag of May Returns
Most of the funds in the federal government’s 401(k)-style retirement savings plan finished last month down, amid concerns that the United States could breach the debt limit.
Pay & Benefits
A New Guide to the Retirement Process Could Help Feds Avoid Pitfalls, Manage Expectations
OPM's new three-page guide to the federal retirement process will be updated on a monthly basis to reflect anticipated wait times for federal retirees to begin receiving their annuity payments.
Workforce
Federal Retirees Could Be a Great Talent Source, If Only It Were Easier to Bring Them Back
There are lots of job ready federal retirees out there prepared and willing to return to work for Uncle Sam, but we need to eliminate the biases and disincentives that make it too hard for them to do so.
Pay & Benefits
TSP Returns Stayed Mostly Positive for April
All but one of the five individual funds in the retirement savings program grew for the month, and all were in the black so far for the year.
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