News

Locating Your Salary for 2015: Updated Pay Tables

Filed in Headlines, News by on December 20, 2014 Comments

How much will your annual salary be in 2015? The GS Pay Calculator has been updated to reflect the latest pay raise for each locality (including the “Rest of U.S.”) and for each GS grade and step in each area.

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New Locality Pay Areas? Not in 2015

Filed in Headlines, News by on December 20, 2014 Comments

Will new locality pay areas be established in 2015? Here is a quick summary of the situation from the perspective of the Federal Salary Council.

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Will I Get 25% Extra When I Work on Sunday?

Filed in Headlines, News by on December 19, 2014 Comments

Working on Sunday does not automatically result in Sunday pay. The author discusses what constitutes Sunday work, how much Sunday pay is, and conditions that may impact whether you will receive Sunday pay when assigned to work during Sunday hours.

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The Thrift Savings Plan of the Future

Filed in Headlines, News by on December 18, 2014 Comments

The author says that the Thrift Savings Plan board members are recognizing that plan participants want more flexibility in making withdrawals in retirement. She says this is a step in the right direction and will likely lead to positive changes for the TSP in the future.

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The Best Day to Retire in 2015

Filed in Headlines, News by on December 17, 2014 Comments

The author says that while you can retire on any date that you choose, there may be some advantages to retiring at certain times of the month or year. She shares her opinions as to which dates she believes may be best dates for federal employees to consider retiring.

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Feds Doing Their “Fair Share” With 1% Pay Raise for 2015

Filed in News by on December 16, 2014 Comments

Federal employees are receiving an across-the-board pay raise of 1% in 2015. How does this compare to pay raises in the last decade, and what impact will this have on GS employees’ annual salaries next year?

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The CSRS Voluntary Contribution Program

Filed in News by on December 15, 2014 Comments

The CSRS Voluntary Contribution Program has been available to CSRS or CSRS Offset federal employees for many years. It can be a very useful option to significantly increase retirement savings. The author explains some of the details of this program.

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IRAs Celebrate 40th Birthday

Filed in News by on December 15, 2014 Comments

January 1, 2015 marks the 40th anniversary of Individual Retirement Accounts (IRAs) in the United States. The author provides some of the history and benefits of the IRA.

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