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Oversight and Policy of OPM
Policy and Oversight The Office of Personnel Management is responsible for all policies and oversight in the federal government. They oversee all policies created to support federal human resource departments, from classification and qualifications systems to hiring...
Can Too Many Contributions to Your TSP Actually Hurt You?
This question may seem like a silly one. You may even be thinking “Isn’t the point to make as much contributions as possible so I can have the most money I can at retirement?”. Yes, you want to have the most money you possibly can at retirement. However, there comes a...
What You Should Know About Furloughs and RIFs
With President Trump’s first budget proposal, deep cuts in specific agencies could happen. This means furloughs and RIFs may happen. So, what should you expect if you find yourself on the receiving end of one of these? Furloughs You won’t get separated from your...
Federal Retirement Planning: From 5 Years out To Application
Planning for retirement should begin as early as possible. It’s never too early, this post will look at what to do when planning for retirement whether you're five years out, or ready to apply for retirement now. Knowing the deadlines and requirements will greatly...
IRS Notifies Financial Aid Applicants About Identity Theft
The IRS is sending out 100,000 notification letters to student financial aid applicants who might be identity theft victims. IRS Commissioner, John Koskinen, told members of the Senate Finance Committee that 35,000 letter were on their way to people advising them...
TSP Withdrawals Could be Expanded with New Legislation
The TSP Modernization Act, introduced by Senators Rob Portman (R-OH) and Tom Carper (D-RI), could allow for more flexible withdrawal options. One of the primary goals of the bill is to encourage federal workers to leave their savings in their TSP after leaving federal...
FERS Retirement: Special Provisions, Deductions, and Calculations
Under the Federal Employees Retirement System (FERS), there are four types of retirement; voluntary, early, deferred, and disability. Previous posts have looked at the eligibility requirements and annuity computation. Voluntary, Early, and Deferred Retirement...
It’s Never Too Early to Begin Planning for Retirement- One year out
Planning for retirement should begin as early as possible. It’s literally never too early, this post will look at what to do one year before retirement. Knowing the deadlines and requirements will greatly reduce stress as you move into this phase of your life....
Whistleblower Retaliation a Real Problem at the VA
A highly-rated pain management specialist at a Southeastern Missouri VA, Dr. Klein, is supposed to work with veterans, but instead, he sits in his small office all day and does nothing. Klein describes his current work situation as “solitary confinement” due to...
Special Provisions for Each Type of Retirement
Under the Federal Employees Retirement System (FERS), there are four types of retirement; voluntary, early, deferred, and disability. We have looked at the eligibility requirements and annuity computation for each. This post will focus on the special provisions under...
It’s Never Too Early to Begin Planning for Retirement- 5 years out
Planning for retirement should begin as early as possible. It’s literally never too early. Knowing the deadlines and requirements will greatly reduce stress as you move into this phase of your life. Contributing to a Thrift Savings Plan as early as possible is...
TSP Planning and Public Safety Officers
There are special retirement rules for FERS and CSRS employees covered under the Special Retirement Provisions. This can cause a challenge when these employees become eligible to retire because they can become eligible at a younger age and have a mandatory retirement...
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