Before You Take the CSRS VCP Annuity…
Many times when people consider the VCP annuity, it looks like a viable option. However, there are critical problems with the CSRS VCP annuity that you should know about before you sign on the dotted line.
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.
TSP Examining Roth Conversion Option
The TSP is examining the possibility of adding a Roth conversion option for participants.
Average Federal Salary Goes Up Despite Pay Freeze
Despite the pay freeze, the average federal employee salary is still going up but not as much as it has increased in past years.
TSP Director Confirms Potential Deferral of G Fund Payments
TSP Executive Director Greg Long said in a recent letter to TSP participants that in the event of hitting the debt ceiling, it is possible that the government can use money from the G fund to help pay the federal debt.
McCain: Federal Employees Shouldn’t Get a Raise
Senator John McCain (R-AZ) recently told the Daily Caller that he doesn’t think federal employees should get a pay raise this spring.
D.C. Area Employees Won’t Get Extra January Holiday This Year
Federal employees in the Washington, DC area will not be getting an extra paid holiday for Inauguration Day this year since it falls on the same day as Martin Luther King, Jr.’s birthday.
IRS Releases 2013 Withholding Tables
The IRS released updated withholding tables for 2013 today which reflect the 2% increase in the Social Security payroll tax.
The ‘Fiscal Cliff’ and Your Paycheck
What impact will the recent “fiscal cliff” legislation have on you as a federal employee? Will you be better off hanging around or retiring?
Federal Workers Spared from Cuts, For Now
With the fiscal cliff deal passed in Congress this week, federal employees who were bracing for furloughs have been let off of the hook for now. However, the agreement only covers the next two months, opening the door for possible furloughs unless sequestration and spending are addressed soon.
The Cost of the 2013 Pay Raise
Starting after March 27, 2013, federal employees can expect a 0.5% pay raise after having no raises for the last two years. How much does this pay increase add to the federal budget?
