Bill would allow public safety employees to tap TSP earlier
A bill introduced last month in the House would let federal public safety employees make penalty-free withdrawals from the Thrift Savings Plan after age 50.
Senators unveil bill to improve VA claims process
The Senate's VA Claims Backlog Working Group said this week that while the Department of Veterans Affairs has taken a number of steps to remedy its claims backlog, more changes are needed to create a system that can handle future surges in claims.
OPM trims several thousand retirement claims from backlog
The Office of Personnel Management reduced its retirement claims inventory by 2,368 claims in April.
BBG offers buyouts, early outs
The Broadcasting Board of Governors on April 20 began offering buyouts to eligible employees.
Thrift Savings Plan hits new milestone
The largest share ever of employees in the Federal Employees Retirement System contributed to their Thrift Savings Plan accounts in February.
OPM trims retirement claims backlog
The Office of Personnel Management trimmed back its retirement claims backlog in March, cutting its inventory by about 3,400 claims to finish the month with 20,594 unprocessed claims.
Lawmaker thinks G Fund change unlikely
A Maryland senator downplayed the notion that Congress would move to cut the return on the Thrift Savings Plan's G Fund.
House budget proposal targets federal retirement
House Republicans on March 17 released a fiscal 2016 budget proposal which once again includes a measure that would increase the amount federal employees must contribute to their retirement.
G Fund once again part of debt limit drama
Treasury Secretary Jack Lew on March 13 sent a letter to congressional leaders asking Congress to raise the federal debt limit.
Bill proposes high-five pension calculation
An Arkansas lawmaker has introduced a bill in the House that would move federal employees away from the current pension calculation formula based on the "high-three" average of an employee's highest years of earnings to one based on the five highest years.
OPM retirement claims backlog continues to rise
The Office of Personnel Management reported the highest number of backlogged retirement claims in more than a year, with 24,014 unprocessed claims in its inventory at the end of February.
NARFE to Congress: Stop messing around with DHS funding
The National Association of Active and Retired Federal Employees issued a statement Feb. 23 asking Congress to stop delaying in funding DHS.
Union presses to end TSP penalty
The American Federation of Government Employees is urging Congress to pass a bill that would end a financial penalty that currently weighs on federal correctional officers that retire before age 55.
Legal issues could complicate docking fired feds' pensions
A recent article in a Merits Systems Protection Board newsletter raises issues regarding the legality of legislative proposals that would reduce the pensions of federal employees fired for cause.
OPM retirement claims backlog doubles
The Office of Personnel Management last month took in 18,629 new retirement claims, resulting in a month-end backlog of nearly twice the number of claims that were in its inventory at the end of December.
Bill would lower employee pension contribution rate
A House lawmaker has reintroduced the Federal Employee Pension Fairness Act, which would repeal measures that increased the amount that newer federal employees must contribute to their pensions.
OPM trims retirement claims backlog in December
The Office of Personnel Management last month took in about 1,500 fewer retirement claims than it had forecast for the month, and trimmed its claims backlog to the lowest level in more than a year.
TSP to change default investment fund
The Senate passed a bill Dec. 10 that changes the default investment in the Thrift Savings Plan to an age-appropriate Lifecycle Fund.
New retirement claims drop in November
The Office of Personnel Management in November received almost 2,000 fewer retirement claims than it had forecast for the month, and the lowest number in a month in about a year.
Service members must make change to Roth TSP deductions
An upcoming change in the Defense Finance and Accounting Service's myPay will require active duty members of the Army, Air Force and Navy to designate Roth Thrift Savings Plan contributions as a percentage of pay—rather than a dollar amount.
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