The Sky is Falling! Time to Sell Your TSP Stock Funds?
The stock market is falling fast. Many TSP investors have seen their accounts dwindle in value in just a few days. Is this the time to sell your TSP stock funds?
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.
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.
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.
New TSP Catch-Up Contribution Process Coming in 2021
The TSP is implementing a simpler process for making catch-up contributions beginning in 2021.
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.
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.
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.
White House Proposes 1% Pay Raise in 2021
The 2021 budget proposal from the White House includes a suggested pay raise for federal employees.
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.
Your TSP and the Coronavirus
Stock markets reacted quickly to news of a virus spreading quickly. The January TSP returns reflect this fear.
