The House budget committee released its 2016 budget proposal last week, largely bereft of any specifics of proposed changes to federal pay and benefits. A new report, however, is shedding some light on these details.
Will budget negotiations for fiscal year 2016 negatively impact the Thrift Savings Plan used by federal employees for their future retirement? One proposed change could impact the value of participants’ investments in the G Fund.
The COLA next year for many federal retirees and Social Security recipients will be 1.7%.
318,462 federal employees owed back taxes to the federal government as of September 20, 2013. Under a proposed rule, money in the TSP accounts of these individuals could be used to pay a tax levy.
How much will inflation add to the amount added to your retirement annuity or Social Security payment in 2015? We will not know until sometime in October but here are the latest calculations.
The author offers ten questions you need to keep in mind for your financial situation as you near retirement from your federal career.
As a general rule, your military service in the Armed Forces of the United States is creditable for federal Civil Service Retirement purposes as long as certain conditions are met. There is an exception, however, which the author explains.
The debt ceiling limit will again be reached on February 7th so the government will take “extraordinary measures” to fund the government. This means that retirement assets of federal employees, including the TSP G fund, will again be used to help fund government expenses.
This is a basic guide to help federal employees understand some of the key points of the FERS system.
Pension contributions paid by federal civilian workers hired after January 1, 2014 would increase by 1.3% under the new budget agreement according to reports. It would also allow OPM to create a self-plus-one option in the federal employee health program.
