As a result of the Republican wave of victories in the mid-term elections, Congress will now be under the control of Republicans. What subjects of interest to federal employees are likely to arise as a result? Here are a few that are likely to impact the federal workforce.
In theory, federal employees who are eligible can start applying for phased retirement on November 6. Some federal agencies are not yet implementing the program and they also have discretion not to implement the program at all.
What will the COLA be in 2015? Here is a quick summary. The percentage will be less than the increase of the average FEHB increase next year.
One advantage federal employees have when saving for retirement is the Roth TSP. A Roth investment allows you to pay tax on the seed (the smaller, starting investment) and reap the bounties (the investment plus growth/interest) tax-free. The author explains more about how this works.
Is there is a sensible approach in preparing, formulating and filing for OPM Disability Retirement benefits? The author offers some details about the application process.