Retirement

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.

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.

Retirement

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.

Retirement

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.

Retirement

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.

Retirement

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.

Retirement

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.

Retirement

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.

Retirement

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.

Retirement

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.

Retirement

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.

Retirement

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.

Retirement

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.

Retirement

TSP to study mutual fund option

The Federal Retirement Thrift Investment Board this week agreed to study a proposal to offer Thrift Savings Plan participants the ability to invest retirement savings in mutual funds of their choice as well as in the current selection of TSP funds.

Retirement

OPM reports jump in retirement claims in October

The Office of Personnel Management in October received several thousand more retirement claims than it had forecast for the month, and the highest number in a month since February.

Retirement

GAO examines overlapping payments to disabled military retirees

The Government Accountability Office released a new report that examines overlapping federal benefit programs that provide concurrent payments to military retirees.

Retirement

Feds not maxing out TSP contributions

The firm that manages four of the five Thrift Savings Plan funds says too many feds are missing the boat by not investing enough to take full advantage of their agency's matching contributions.

Retirement

Retired feds to get 1.7 percent COLA

Federal and military retirees and Social Security beneficiaries will receive a 1.7 percent cost-of-living adjustment in 2015.

Retirement

Retirement claims backlog shrinks slightly in September, OPM says

The Office of Personnel Management received and processed fewer retirement claims in September than it had forecast, and slightly reduced its claims backlog, according to the agency's latest progress report.

Retirement

Final rule lets IRS recover delinquent taxes from TSP accounts

The Federal Retirement Thrift Investment Board issued a final rule Sept. 10 that allows the IRS to tap into Thrift Savings Plan accounts to recover delinquent federal taxes.

X
This website uses cookies to enhance user experience and to analyze performance and traffic on our website. We also share information about your use of our site with our social media, advertising and analytics partners. Learn More / Do Not Sell My Personal Information
Accept Cookies
X
Cookie Preferences Cookie List

Do Not Sell My Personal Information

When you visit our website, we store cookies on your browser to collect information. The information collected might relate to you, your preferences or your device, and is mostly used to make the site work as you expect it to and to provide a more personalized web experience. However, you can choose not to allow certain types of cookies, which may impact your experience of the site and the services we are able to offer. Click on the different category headings to find out more and change our default settings according to your preference. You cannot opt-out of our First Party Strictly Necessary Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the cookie banner and remembering your settings, to log into your account, to redirect you when you log out, etc.). For more information about the First and Third Party Cookies used please follow this link.

Allow All Cookies

Manage Consent Preferences

Strictly Necessary Cookies - Always Active

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Sale of Personal Data, Targeting & Social Media Cookies

Under the California Consumer Privacy Act, you have the right to opt-out of the sale of your personal information to third parties. These cookies collect information for analytics and to personalize your experience with targeted ads. You may exercise your right to opt out of the sale of personal information by using this toggle switch. If you opt out we will not be able to offer you personalised ads and will not hand over your personal information to any third parties. Additionally, you may contact our legal department for further clarification about your rights as a California consumer by using this Exercise My Rights link

If you have enabled privacy controls on your browser (such as a plugin), we have to take that as a valid request to opt-out. Therefore we would not be able to track your activity through the web. This may affect our ability to personalize ads according to your preferences.

Targeting cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.

Social media cookies are set by a range of social media services that we have added to the site to enable you to share our content with your friends and networks. They are capable of tracking your browser across other sites and building up a profile of your interests. This may impact the content and messages you see on other websites you visit. If you do not allow these cookies you may not be able to use or see these sharing tools.

If you want to opt out of all of our lead reports and lists, please submit a privacy request at our Do Not Sell page.

Save Settings
Cookie Preferences Cookie List

Cookie List

A cookie is a small piece of data (text file) that a website – when visited by a user – asks your browser to store on your device in order to remember information about you, such as your language preference or login information. Those cookies are set by us and called first-party cookies. We also use third-party cookies – which are cookies from a domain different than the domain of the website you are visiting – for our advertising and marketing efforts. More specifically, we use cookies and other tracking technologies for the following purposes:

Strictly Necessary Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Functional Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Performance Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Sale of Personal Data

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.

Social Media Cookies

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.

Targeting Cookies

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.