CBO Says Debt Limit Will Be Reached in October
The CBO says in a new report that the government will run out of money by October if the debt ceiling is not raised. Here is what this means for TSP investors.
Pay & Benefits
Get the latest federal employee pay news, including updates on federal pay raises, GS pay scale changes, locality pay, and federal compensation policy. Stay informed on TSP news, TSP fund performance, contribution limits, and investment updates. This category also covers FEHB premiums, FEGLI rates, FEDVIP dental and vision benefits, and major OPM policy changes, federal workforce legislation, and other developments that impact federal employee pay, benefits, and take‑home compensation.
Timing the FEGLI: When It’s Best To Be Part of and Stand Out From the Masses
Life insurance through FEGLI is a benefit available to federal employees. The author lists some of the pros and cons of this program.
House Republicans Push Back Against Proposed Benefits Cuts
A group of House Republicans recently went on record as being against proposed cuts to federal employees’ pay and benefits.
Congressmen Press OPM for Answers About FLTCIP Premium Increases
Two Congressmen are asking OPM for details on what the agency plans to do to curtail future premium increases for FLTCIP enrollees.
Legislation Introduced to Allow Multiple Withdrawals from the TSP
Legislation has been introduced in the House to allow federal employees to make multiple age-based and post-separation withdrawals from the TSP accounts.
Legislation Reintroduced to Give Tax Credit to Federal Employees Serving in Combat Zones
Legislation has been introduced to give the same tax credit to federal employees that military personnel get when working in a combat zone.
Letters Express Opposition to Proposed Benefits Cuts
Two letters were sent last week to Congress expressing opposition to proposed cuts to federal employee benefits in the White House’s budget proposal.
Federal Employee Pension, G Fund Used to Avoid Government Default
The debt ceiling for the Federal Government has been reached and it is using accounting techniques to keep paying its bills. Federal employees are helping to fund the “extraordinary measures” now in effect.
Postal Service: Highest Paid Employees and Highest Averages
The searchable database for Postal employee salaries has been updated with FY 2017 data. Here are some statistics based on the latest available data.
Tentative Agreement Announced to Give Postal Employees a Pay Raise
The National Association of Letter Carriers recently announced a tentative agreement that would give pay raises and COLAs to a number of Postal employees.
