L 2050 Fund Debuts in TSP
The TSP is unveiling a new fund in its family of Lifecycle funds: the L 2050 fund. The fund is designed for participants who will begin to withdraw their holdings after 2045 and replaces the now obsolete L 2010 fund.
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.
Open Season for Federal Employee Long Term Care Insurance
Open season dates for federal employee long term care insurance have been announced. Also, same sex domestic partners of federal employees will now qualify for coverage and will only be subject to “abbreviated underwriting” for the insurance rather than the more stringent “full underwriting” requirements.
Extending Pay Freeze Until 2015? Spending Reduction Bill Becomes Public
The Spending Reduction bill is now available. Despite the expressed hope of some readers, it does call for an extension of a federal pay freeze for five years. Did the President imply support for a five year freeze?
Why Did My Federal Employee Pay (and Probably Yours) Go Down?
The Author says he wondered why, back during the Reagan administration, his paycheck went down. Here is the answer as to why and how federal pay was reduced and that you may still be receiving less than your nominal annual salary.
Five-Year Pay Freeze for Federal Employees?
The Republican Study Committee released its recommendations for ways to cut government spending by up to $2.5 trillion over 10 years. Some of the proposed cuts, if enacted, would directly affect federal employees.
The Debt Limit and Your TSP Fund
How safe is your TSP in a major recession and with extraordinarily large government debt as a common topic in the media?
Too Many Within-Grade Steps
As we all know, the two-year salary freeze has a loophole. Step increases will still be granted. This suggests another way to achieve savings, a way that will be permanent, and will ultimately save more money.
Your Financial Future: Your Federal Employee Benefits and the Deficit Commission Recommendations
The deficit commission has made a number of recommendations that may impact your pay and benefits as a federal employee. Here is what we know, what we do not know, and why it is your best interests to pay close attention to these changes.
It Pays to be President
The president’s annual salary hasn’t increased for several years, but there are a number of other benefits that come with the job.
Another (More Substantive) Pay Freeze for Federal Employees In the Congressional Pipeline?
According to one Congressman, a two-year pay freeze is not a serious effort to cut back on federal spending.
