Our team of federal employee benefits consultants, case managers and attorneys have extensively reviewed the federal government’s changes coming in the Thrift Savings Plan (TSP) Modernization Act and we’re excited to share what we’ve learned. The Office of Personnel...
We are nearing one month of this partial government shutdown and many federal employees are wondering about leave, pay, or what happens if they can’t pay their bills, i.e. mortgage. Here are a few reminders, and new bills, to help protect your benefits. Leave When...
Federal employees facing missing check Friday. Major media reported on the situation for federal employees who are facing a coming payday in which they may not be paid. NBC Nightly News (1/9, story 5, 1:30, Holt, 8.42M) reported, “For millions of Americans, the...
Medicare Part D is a voluntary prescription drug program for Medicare beneficiaries. It gives access to retail outpatient prescription drugs at reduced rates. Retirees in the Federal Employee Health Benefits Program often wonder whether they should sign up for Part D....
With a federal government shutdown possible at the end of this week, a lot of information is being released about who would get furloughed and which agencies would shut down. During a shutdown, the government “must discontinue all non-essential discretionary functions...
Lawmakers have until this Friday, December 21st to finalize funding for several agencies to avoid a partial government shutdown. Not all agencies, however, will be affected. Congress has already funded close to 75% of the government through September 2019. Only...
If you’ve booked a vacation between Christmas and New Year’s, you may find yourself using unpaid leave. If Congress cannot reach a deal to fund the government in the next 10 days, then that’s what could happen. Congressmen have until Friday, December 21st to come to...
There is good news if you are a federal employee saving for retirement. The Internal Revenue Service has announced next year’s contribution limits for the Thrift Savings Plan and for Individual Retirement Accounts. You will be able to contribute more to each. 2019 TSP...
As part 1 of this post showed us, it’s important to strategically pick your retirement date to maximize your annuity, especially if you’re a CSRS employee. Once you’ve done that, the real work begins, as they say. The following are steps you should take when you're...
Do you know which days are considered “the best days to retire”? Do you know what steps you need to take to begin the retirement process? This 2-part post will first look at which days are considered to be the “best days to retire” and why and then what you need to do...
When an agency decides to relocate an office, or the entire agency (this can be done for many reasons), can they force you, if you are employed by them, to relocate or risk losing your job? What options are available to you if you still want to keep your job without...
The Thrift Savings Plan program will increase the proportion of some investments in certain stocks with the hopes of growing the amount of money annuitants receive after they retire. Agency officials of the Federal Retirement Thrift Investment Board outlined a 15-year...
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