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...
When you retire, your Thrift Savings Plan account may be the largest source of income you draw from. You’ll want to avoid these mistakes to ensure you maximize your retirement income. Keep Your Beneficiary Forms Updated It may be easy to forget about doing this, but...
Discontinued Service Retirement (DSR) is the only type of federal retirement that isn’t voluntary. You become eligible for DSR if you are separated against your will for reasons other than “misconduct or delinquency” and you meet the age and service requirements,...
The Office of Personnel Management released a new rule amending Federal Employee Health Benefits Program regulations to allow family members to be removed from existing Self Plus One and Self Plus Family enrollments. The new rules allow this to occur in certain...
While both costs of living adjustments and pay raises provide an increase in pay, they aren’t that similar. COLA’s These pay adjustments are available to retirees. They are a measure of inflation and paid automatically (they don’t need Congressional approval). COLA’s...
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