Pay & Benefits
Doublecheck your TSP beneficiary designations
The federal government’s 401(k)-style retirement plan changed some rules around contingent beneficiaries in 2022.
Pay & Benefits
OPM reduces the retirement backlog by one-third in 2023
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.
Pay & Benefits
New year, new benefit changes
Some 2024 changes that may benefit federal employees and retirees.
Pay & Benefits
Planning a career change in 2024?
If a new career outside of the federal workforce is on your list of resolutions, here are a few things you need to know about your benefits.
Pay & Benefits
TSP portfolios end 2023 on a high note
Each of the funds in the federal government’s 401(k)-style retirement savings program finished December in the black.
Pay & Benefits
End of the year retirement: Now what?
As OPM readies for its influx of new retirement applications, here are some insights on the early ins and outs of the retirement process.
Pay & Benefits
MSPB finally rules on OPM apportioning the Retiree Annuity Supplement
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.
Pay & Benefits
OPM retirement backlog hits six-year low for third time this year
The number of pending federal employee retirement claims fell under 16,000 for the second time since 2017 in November.
Pay & Benefits
TSP portfolios rebounded in November
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.
Pay & Benefits
Open Season: Medicare Advantage or Disadvantage?
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.
Pay & Benefits
TSP board OKs new international fund index, this time without China
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.
Pay & Benefits
Answers to some of your common questions about CSRS and FERS
Federal retirement expert Tammy Flanagan says “the devil is in the details.”
Pay & Benefits
Senate version of bill to standardize retiree COLAs emerges
The reintroduction of the Equal COLA Act by Sen. Alex Padilla, D-Calif., comes just weeks after the 2024 cost of living adjustment announcement revived complaints about how the government calculates annual increases across retirement systems.
Pay & Benefits
OPM begins prep for annual retirement surge
The federal government’s centralized HR office is urging federal agencies to be proactive in ensuring federal workers’ retirement applications are submitted without errors to streamline processing during the annual spike in claims.
Pay & Benefits
Medicare Part D is coming to an FEHB plan near you
The prescription drug benefit is being automatically added to many of the FEHB program options for the 2024 plan year.
Pay & Benefits
TSP funds’ tumble continues into October
Once again, only one portfolio in the federal government’s 401(k)-style retirement savings program finished last month in the black.
Pay & Benefits
TSP: SECURE 2.0 Act contribution limit changes coming in 2026
The federal government’s 401(k)-style retirement savings program will use the entire two-year “transition period” to implement new rules governing how older workers can make catch-up contributions as they approach retirement.
Pay & Benefits
Time for the fall deadlines
A checklist to help you prioritize as you sort through your federal retirement and insurance benefits.
Pay & Benefits
Lawmakers revive bill to let ex-temps make catch-up retirement contributions
Currently, Federal Employees Retirement System employees who began their careers as temporary or seasonal workers must work longer to receive their full retirement benefits.
Pay & Benefits
Survivor Benefit confusion: part two
What about insurance instead of a survivor benefit election?
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