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.
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.
Congress recently passed the Smart Savings Act to change the default allocations in the TSP for newly hired federal employees.
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?
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.
Who earns more overall – federal workers or private sector employees? While the debate is one that will likely never be resolved, there are some interesting statistics that have been published on the subject. This infographic neatly and concisely compiles some of the key data points on federal salaries.
The author says that studies comparing federal benefits to those in the private sector miss a key issue and that there are substantial differences in the benefit packages across industry sectors.
Does DFAS handle your agency’s payroll? If so, you may find yourself with an extra pay day next year.
The massive spending bill that is expected to be passed by Congress includes a 1% pay raise for federal workers. According to the Washington Post:
The bill authorizes a 1 percent pay raise for military service members and allows a 1 percent pay raise for federal employees, ordered by Obama, to begin in January.
For more, see Obama Calls on Feds to Do Their “Fair Share” With 1% Pay Raise for 2015.
The author provides considerations for federal workers beginning their careers at later ages.
The Office of Personnel Management has issued guidance for agency heads about how to go about giving federal workers the extra paid holiday at Christmas that was recently granted via executive order by President Obama.
