Retirement and Financial Planning

Report: Take care to keep documents needed to file retirement

If you’re a federal employee—and approaching retirement—there are a number of documents to assemble, whether in paper or electronic form, in preparing to file for your benefits.

Delays in annuity payments draw questions from Capitol Hill

New federal retirees rightly expect a smooth transition—from active payroll to retirement and annuity payments. But there are mounting signs of problems, in particular, significant delays in the timely start to these transfers to folks who are winding down their federal career.

National Finance Center to implement Trump’s payroll tax deferral on fed paychecks

The NFC said it plans to eliminate deductions for Old Age, Survivors and Disability Insurance in accordance with the president’s Aug. 8 executive order deferring deductions due to COVID-19.

Survey: TSP remains popular with feds

The latest survey of 5,500 Thrift Savings Plan participants shows that nearly 9 out of ten federal employees said they are happy with it, though satisfaction dipped a bit -- likely because of the fallout from the pandemic.

FERS vs. FECA: Best retirement option sometimes hard to call

Some injured or disabled feds may be better off not drawing from the Federal Employees Retirement System but instead electing to continue to draw disability pay under the Federal Employees’ Compensation Act program, a new Government Accountability Office report says.

Thrift Savings Share Prices

Thrift Savings Share Prices as of Aug. 13, 2020.

Thrift Savings Share Prices

Thrift Savings Share Prices as of Sept. 4, 2020.

USDA IT shop freezes hiring, offers early retirement

In an effort to optimize the agency’s tech investments and update the skillset of its workforce, the Department of Agriculture’s CIO Office has instituted a hiring freeze and plans to offer early retirement options to IT workers.

Thrift Board chairman exits June 30

Embattled Federal Retirement Thrift Investment Board Chairman Michael Kennedy’s last day on the job was June 30.

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.

TSP offers COVID-related loan options

Thrift Savings Plan is now offering temporary loan options for TSP participants affected by COVID-19.

Who’s the smartest investor?

Many federal workers, people with good jobs and good salaries are self-made millionaires. They did it by investing an average of 29 years in the C and S funds of their Thrift Savings Plan.

TSA, FDIC to offer early retirement options

The Transportation Security Administration and the Federal Deposit Insurance Corporation plan to offer Voluntary Early Retirement Authority (VERA) and Voluntary Separation Incentive Payments (VSIP) options to eligible employees.

Changes coming to the TSP L fund

Earlier this month the Thrift Savings Plan announced more new Lifecycle funds will be available July 1.

Changes coming to the TSP L fund

The Thrift Savings Plan announced more Lifecycle funds will be available July 1.

Connelly calls out administration interference in I-fund reversal

The Virginia congressman said concerns about the composition of the investment fund should have been to the Office of Foreign Assets Control, rather than to the Federal Retirement Thrift Investment Board.

TSA, FDIC to offer early retirement options

The Transportation Security Administration and the Federal Deposit Insurance Corporation plan to offer early retirement options to eligible employees.