More Flexibilities in line for Feds after Senate Votes to Eliminate TSP Open Seasons
The Senate voted to eliminate the open seasons in the Thrift Savings Plans so that federal employees could have more flexibility in making contribution changes.
🇺🇸 In honor of those who gave everything in service to this nation — FedSmith observes Memorial Day with gratitude. 🇺🇸
Stay informed with the latest federal employee retirement news, including updates on FERS and CSRS, retirement eligibility rules, OPM retirement processing, and TSP performance as it relates to long‑term retirement planning. This category covers annual COLA updates, TSP news, survivor benefits, military service credit, retirement application guidance, and major OPM policy changes or federal legislation that could affect federal retirement benefits. Find clear, timely information to help current and former federal employees navigate retirement planning, benefit calculations, and post‑retirement considerations.
The Senate voted to eliminate the open seasons in the Thrift Savings Plans so that federal employees could have more flexibility in making contribution changes.
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Here is a quick summary of how to plan for a successful retirement.
Retirees get a COLA increase. Active duty employees do not. That can be good or it can be bad. Here's why.
CSRS employees get credit for unused sick leave when they retire which can create confusion for employees under FERS.
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No TSP funds were losers in August
Don't look for a quick fix or fast returns from your TSP investment. Invest for your retirement based on your specific goals and your situation.