Bill Would Let Federal Employees Tap Their TSP Funds During Shutdown
Recently introduced legislation would allow excepted federal employees to withdraw from the TSP with no penalties to have money during shutdowns.
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
Recently introduced legislation would allow excepted federal employees to withdraw from the TSP with no penalties to have money during shutdowns.
The author says the partial government shutdown is a reminder for federal employees to always be prepared with emergency savings to get through tough times.
The TSA administrator announced he is paying a bonus to officers to help alleviate some of the financial hardship of the shutdown.
Recently introduced legislation would ensure that essential federal employees continue to get their regular paychecks during the current shutdown.
OPM has released a fact sheet with information on what happens to your pay and benefits during the ongoing shutdown.
Legislation has been introduced to guarantee back pay to low-wage federal contract workers impacted by the shutdown.
Legislation to guarantee back pay to federal employees has now passed both the House and the Senate.
The author says that even though Congress can and should guarantee back pay for federal employees, it is not enough by itself.
Legislation to guarantee back pay to federal employees has passed the Senate.
What will happen to “use-or-lose” leave that was lost due to the government shutdown? For most, it will be restored.