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Federal Employees that are covered by the Civil Service Retirement System (CSRS) Offset retirement plan and paying into it are also paying into Social Security, meaning retirement credit is being earned under both of these. When it comes to CSRS Offset, all CSRS rules apply. This includes the age and service requirements for eligibility for...Read More

The FEGLI (Federal Employee Group Life Insurance) program is, worldwide, the most extensive group life insurance program. It covers over 4,000,000 federal retirees, employees, as well as their family members. Several of those employees covered don’t entirely understand what they have in coverage and what options they have. They signed up the opportunities that seemed...Read More

Will you be required to pay taxes on retirement income? It depends on what sources of income you have and where you live. For most retirees, Social Security is their primary source of income, and in the majority of the U.S., your state will not tax you on it. The federal government, however, may. This...Read More

On Thursday, a fiscal 2019 appropriations package 217-199 that effectively endorses President Trump’s proposal to freeze federal civilian employees’ pay next year, was approved by the House, fining it planted in opposition to the Senate. The Financial Services and General Government appropriations bill, included in the minibus package (H.R. 6147), generally acts as the vehicle...Read More

On Wednesday the Trump Administration issued a final rule clearing the path for the sale of more health insurance policies that do not comply with the Affordable Care Act. They also do not have to cover maternity care, people with pre-existing medical conditions or prescription drugs. The President had said that he believes that this...Read More

Could Changes be Coming to Your 401 (k) and IRA? Among a series of changes Congress is looking at, one, in particular, is that 401(k) sponsors would have to show how much income your balance would generate with an annuity on each statement, with the goal of helping you understand where you stand on a...Read More

A $153.2 billion spending bill has been approved by The Senate, which ties together many of the regular annual appropriations measures. This includes the general government appropriations bill that contains federal workplace-related policies. Their version provides a 1.9% (total) raise, which is divided across the board and locality components, but the House’s version of the...Read More

What is TSP? The stock market seemed to have performed well for investors in July: • Dow Jones: up 4.3% • S&P 500 (the index the C fund is based on) – gained 3.1% • Nasdaq – up 1.6% Highest Performing TSP Funds in July All the Thrift Savings Plan (TSP) funds showed positive returns...Read More

The House has approved a fiscal spending bill (HR-6147) that endorses Trump's recommendation to keep federal salary rates frozen at existing levels next year. The strategy of remaining silent on a raise (the general government appropriations bill that was paired with another for floor voting) is nothing new. This method is one that has been...Read More

A study conducted by the Employee Benefit Research Institute found that in each of the three levels of assets, retirees tend to show a similar reluctance to draw down those assets. They also showed a preference to live on the earnings right along with other types of income, such as retirement benefits. Retirees are divided...Read More

One method to consider using if you’re in need of life insurance is investing inside a variable life insurance policy. With coverage like this, your premiums would be spent in mutual fund look-alikes, and you wouldn’t be required to pay current income taxes on any of your investment earnings. There are also even more tax...Read More

According to Henry Manning, Operations Officer for the Deputy Assistant Secretary of the Army for Military Personnel and Quality of Life, participating in the Thrift Savings Plan (TSP) once opting into the Blended Retirement System (BRS) is one of the best financial decisions a soldier can make. While the TSP is similar to the well-known...Read More

The government spending bill for a January 2019 raise for federal employees that is advancing in the House is silent, which supports the recommendation by President Trump to not push for an increase. Drafted by an Appropriations subcommittee, this measure is one of many steps in this process, which doesn’t generally come to a close...Read More

Faster Discipline & Weaker Appeal Rights for Federal Employees Backed by Panel New bills have recently been passed by The House Oversight and Government Reform Committee. These bills are meant to tighten the deadlines in the federal workplace disciplinary notice and appeals process. They also intend to lower the bar so that agencies can prevail....Read More

When considering the more excellent points of crediting unused sick leave, there is often one that many federal employees find disappointing when approaching retirement and another that they may be pleasantly surprised by. Unfortunately, sick leave cannot be utilized to make you eligible to retire. It comes as a surprise often, but it only is...Read More

Q: Can we break down exactly what “creditable civilian service” means? A: There are two systems of Creditable civilian service, which is a service that counts towards your eligibility to retire under either the CSRS or FERS retirement. There are small variations within these definitions of the two systems so that both versions will be...Read More

Is there an earnings limit on my pension if I retire under FERS? I’ve been told that if I plan to retire after thirty years, and at my retirement age of fifty-five, and I keep earning money so as not to dip into my TSP early, this may not be a viable option. Is the...Read More