Open Season Changes and the Five Year Rule
If you plan to carry your FEHB into retirement, be careful not to get tripped up by the five year rule.
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
If you plan to carry your FEHB into retirement, be careful not to get tripped up by the five year rule.
Recently introduced legislation would give disabled veterans a new option for saving for retirement utilizing the TSP.
A bill recently signed into law provides a cost of living adjustment to veterans for some of their benefits.
Senate Republicans unveiled their version of a tax reform bill as the House advanced its tax reform plan.
The TSP is temporarily relaxing its hardship withdrawal rules to help federal employees impacted by the wildfires in California.
Congress has passed the TSP Modernization Act and it is now on its way to the White House.
A new GAO report shows that despite increases in available FEHB plans, enrollment is growing increasingly concentrated among the largest insurance carriers.
OPM recently established four emergency leave transfer programs. This can be confusing for employees and agencies, so OPM has also issued administrative guidance.
Republicans have unveiled their tax cut proposal, one which consolidates individual income tax brackets and leaves retirement plan contribution limits untouched.
The C fund topped all TSP funds in October returns, but the I fund is still ahead for the YTD.