Pay & Benefits

Federal government needs better oversight of TSP’s records system

A GAO report found that the Federal Retirement Thrift Investment Board did not ensure that acquisition management practices were fully enforced when it modernized the system that oversees its 401(k)-style retirement savings program.

Pay & Benefits

OPM’s retirement backlog continued to creep higher in July

The Office of Personnel Management processed nearly 500 fewer retirement requests than it received last month, causing its backlog to inch up for the second straight month.

Pay & Benefits

Cassidy ties proposed 30% pay and benefits cuts to federal telework

The Louisiana Republican has introduced bills to bar federal workers from receiving locality pay if they telework at least once per week and excising locality pay from all future feds’ pensions.

Pay & Benefits

TSP boasts strong performance in July

Each of the portfolios in the federal government’s 401(k)-style retirement savings program gained value last month.

Pay & Benefits

Retiree Annuity Supplement: The icing on your retirement cake

This extra money can provide an income bridge until federal retirees are eligible to start Social Security.

Pay & Benefits

Preparing for a smooth transition

Remember, it's your responsibility to maintain an accurate history of your federal service.

Pay & Benefits

OPM’s backlog of pending retirement claims ticked back up in June

The federal government’s dedicated HR agency processed around 1,300 fewer claims than it received last month, bringing its retirement backlog back above 15,000.

Pay & Benefits

TSP funds posted a mixed bag in June

Only three of the five core investment offerings of the federal government’s 401(k)-style retirement savings program ended the month in the black.

Pay & Benefits

OPM’s retirement backlog hit an 8-year low last month

Efforts to streamline the processing of departing federal workers’ retirement applications continue to pay dividends, as the inventory of pending claims hit the lowest point since 2016.

Pay & Benefits

TSP funds all bounced back in May

After a rough April, each of the portfolios in the federal government’s 401(k)-style retirement savings program finished last month in the black.

Pay & Benefits

L Funds: A Love Affair

COMMENTARY | For these “set it and forget it” funds, “setting it” may require a bit more work than matching your birth year to the “right” fund.

Pay & Benefits

Problem Solvers Caucus throws its weight behind an effort to kill the windfall elimination provision

Some lawmakers have spent years garnering support to repeal a controversial tax rule that cuts Social Security benefits for some public servants.

Pay & Benefits

Mixed reactions to Medicare Part D in the FEHB

It's been almost five months since Part D was incorporated into many Federal Employees Health Benefit plans. How is it being received?

Pay & Benefits

OPM’s retirement backlog continued a four-month downward trend in April

Though the Office of Personnel Management’s backlog of pending federal retirement claims fell again last month, the pace of progress has slowed.

Pay & Benefits

Essential things to know about your Social Security benefit: Part 2

Social Security, along with the FERS basic retirement benefit and the Thrift Savings Plan, can provide the financial security you will need during your life after retirement.  

Pay & Benefits

Essential things to know about your Social Security benefit: Part 1

It is important to keep up with Social Security changes that can have an impact on your current and future benefits.

Pay & Benefits

Most TSP funds took a tumble in April

After two months of sustained gains, only one portfolio in the federal government’s 401(k)-style retirement savings program finished last month in the black.