Debt-ceiling deal averts steep losses for retirees
Had Congress not acted to lift the federal government’s debt ceiling limit, it would potentially threaten the retirement savings of millions of Americans, according to the National Association of Plan Advisors.
Sharply higher COLAs announced for 2022
The Bureau of Labor Statistics CPI-W calculation of price rises across the economy has resulted in sharply higher cost-of-living adjustments (COLAs), just announced Sept. 13 for Social Security as well as federal retirement and other plans.
Report: Fed retirements increase
More feds are retiring this year than last, initial data shows. Delays in processing those claims are also increasing.
Fed Retirement Fairness Act: "Long overdue"
Now pending in Congress, there’s a bill that would allow feds whose careers started in temporary or seasonal positions to retroactively contribute to their retirement for those intermittent or non-fulltime periods of employment: The Federal Fairness Retirement Act (H.R. 5389).
GAO: Climate change weighs on TSP
Climate change threatens TSP investment returns and yet the board that governs the massive fund has been slow to adapt, GAO finds.
Thrift Board chairman to leave June 30
Embattled Federal Retirement Thrift Investment Board chairman Michael Kennedy will exit the agency as part of a Trump administration overhaul.
Changes coming to the TSP L fund
The Thrift Savings Plan announced more Lifecycle funds will be available July 1.
TSP updates loan, withdrawal options
The Thrift Savings Plan announced updates for temporary loans and withdrawals for TSP participants affected by COVID-19.
Retirement board reverses on Chinese-linked index fund
the Federal Retirement Thrift Investment Board decision comes two days after White House asked Labor Secretary Eugene Scalia to intervene.
White House steps on TSP's index fund including China-based companies
Citing national security and economic risks, senior officials instructed the Secretary of Labor to overturn plans by the Federal Retirement Thrift Investment Board to buy a fund that includes investments in China.
VA adds new 'coach' to mobile app lineup
The COVID Coach app promotes self-care and overall mental health for everyone during the coronavirus pandemic.
Trump names 3 replacements for TSP board
President Donald Trump nominated three new candidates to replace Obama-era officials on the five-member board that manages the Thrift Savings Plan of federal employees and retirees.
Bill bans TSP investments in some foreign index funds
Rep. Michael Waltz (R-Fla.), who introduced the Taxpayers and Savers Protection Act, said he worried that the TSP I-Fund would inadvertently fund foreign firms with ties to countries that were hostile to the U.S.
How much will federal pension cuts save?
A new report from the Congressional Budget Office examines five options for changing the federal retirement system.
New bill makes changes to TSP
Reps. Elijah Cummings (D-Md.) and Mark Meadows (R-N.C.) on June 23 introduced legislation that would allow federal employees to make multiple age-based and post-separation withdrawals from their Thrift Savings Plan accounts.
OPM trims retirement claims backlog in December
The Office of Personnel Management last month trimmed its retirement claims backlog to the lowest level since December 2014.
NARFE chief prods top HR officials on phased retirement
The leader of a leading federal employees group is urging the government's top human resources official to help move along the implementation of phased retirement.
Legislation proposes new TSP fund
A Virginia congressman has introduces legislation under which the Thrift Savings Plan would establish a Gender Equality-Focused Stock Index fund that invests in companies that have women in leadership positions.
NDAA includes TSP provision
The National Defense Authorization Act passed last week by the House includes a measure that would provide a retirement plan to most military service members who not eligible for military retirement.
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.
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