The drop in the value of your Thrift Savings Plan in 2008 may have you worried–especially if you are already retired. recent legislation allows investors to avoid taking the minimum required distribution in 2009. But to take advantage, you need to act sooner rather than later.
Some readers will be getting a four-day weekend in January. Other readers will get a three-day weekend. Here is how the holiday will work.
We know that the average federal employee will receive a raise of 3.9% in 2008 and federal retirees will get a COLA of as much as 5.8%. What about employees under NSPS? Many NSPS employees in the Washington, DC area will get a higher raise than those under the GS system.
The President has signed an Executive Order implementing the 2009 federal pay increase. Here is a chart that shows the amount of the pay increase by locality pay area.
Changes to the most popular health insurance plan for federal employees has raised concerns in Congress and led to an extension of the “open season” for enrolling in the FEHB for 2009. Changes have now been made to the 2009 plan that will benefit federal employees using this plan. Here is a summary of the changes.
President Bush has issued an Order giving federal employees an extra holiday this year: December 26, 2008.
It has been a confusing year for health insurance benefits during this year’s open season. As a result of concerns in Congress and in the media about the changes, OPM has taken several unusual steps with regard to this year’s program. Here is what some of these changes may mean for you.
If email from our readers is a reliable guide, a burning question on the minds of many is “will President Bush give us an extra holiday on December 26th?” But what about the separation of church and state? Should federal employees get the day off to celebrate a religious holiday?
We are currently in a bear market of historic proportions. When that happens, we can expect doomsday scenarios and rapid movement of money from stocks into safer investments, such as the G fund. Both are happening now.
COLA’s and pay raises are of interest to virtually all of our readers. There is also confusion about who gets what increase. Here is a brief explanation of the 2009 COLA and the 2009 federal employee pay raise–and why you do not get both a pay raise and a COLA.