Pay & Benefits

Rewarding High Performers and Chopping Benefits

By on February 20, 2020 in Human Resources, Pay & Benefits with 0 Comments
Rewarding High Performers and Chopping Benefits

OPM has released its proposed legislative changes impacting pay and benefits for the federal workforce. Here is a summary.

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FRTIB Plans to Raise Automatic Enrollment in TSP to 5%

By on February 18, 2020 in Pay & Benefits with 0 Comments
FRTIB Plans to Raise Automatic Enrollment in TSP to 5%

A proposed rule in the Federal Register would increase the automatic enrollment percentage in the TSP from 3% to 5% later this year.

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New TSP Catch-Up Contribution Process Coming in 2021

By on February 17, 2020 in Pay & Benefits with 0 Comments
New TSP Catch-Up Contribution Process Coming in 2021

The TSP is implementing a simpler process for making catch-up contributions beginning in 2021.

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New TSP Hardship Withdrawal Option Likely Coming Soon

By on February 15, 2020 in Pay & Benefits with 0 Comments
New TSP Hardship Withdrawal Option Likely Coming Soon

A proposed rule would allow TSP participants to make hardship withdrawals in the event of natural disasters.

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House Bill Would Expand Paid Parental Leave to All Federal Employees

By on February 13, 2020 in Pay & Benefits with 0 Comments
House Bill Would Expand Paid Parental Leave to All Federal Employees

A House bill would expand paid parental leave to cover some federal employees who were excluded by the new law.

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Cutting Federal Benefits to Align With Private Sector

By on February 11, 2020 in Pay & Benefits with 0 Comments
Cutting Federal Benefits to Align With Private Sector

The 2021 budget proposes major changes in federal benefits to align more closely with private sector benefits.

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White House Proposes 1% Pay Raise in 2021

By on February 10, 2020 in Pay & Benefits with 0 Comments
White House Proposes 1% Pay Raise in 2021

The 2021 budget proposal from the White House includes a suggested pay raise for federal employees.

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Task Force Proposes Eliminating FERS

By on February 7, 2020 in Human Resources, Pay & Benefits with 0 Comments
Task Force Proposes Eliminating FERS

A task force report urges major changes to the civil service system from pay and benefits to handling removal actions and appeals by federal employees.

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Your TSP and the Coronavirus

By on February 3, 2020 in Pay & Benefits with 0 Comments
Your TSP and the Coronavirus

Stock markets reacted quickly to news of a virus spreading quickly. The January TSP returns reflect this fear.

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Lawmakers Want a 3.5% Pay Raise for Federal Employees in 2021

By on January 28, 2020 in Pay & Benefits with 0 Comments
Lawmakers Want a 3.5% Pay Raise for Federal Employees in 2021

Two lawmakers have introduced legislation to provide a 3.5% pay raise for federal employees in 2021.

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