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April 28, 2024

Federal Employee Retirement and Benefits News

Federal Retirement Articles




New Rules Would Combine Federal Sick Leave and Annual Leave

New Rules Would Combine Federal Sick Leave and Annual Leave

Recently, a proposal to combine federal worker’s sick leave and their annual leave has begun to gain traction on Capital Hill. There has been some pushback from federal workers, but the approach is fairly standard in the private sector. Here’s...
Rep. Derek Kilmer (D-WA) has proposed a solution for temporary federal employees

New Bill Would Allow Former Temporary Federal Employees To Count Their Years in Temporary Service

Congressman Derek Kilmer (D-WA) recently introduced a new piece of legislation to help temporary federal employees who had been employed on a temporary basis and then transferred to full time. A previous gap in the legislation had led to some...
Thrift Savings Plan TSP

TSP Expands Maximum Contribution

Did you save the maximum of $18,000 in your TSP last year? If you did, you might be interested to hear that the maximum for 2018 added $500 more to the ceiling, an excellent option for those who want to...

A Guide on Cashing out Annual Leave at Retirement

  A lot of people lack enough information on how the cashing out of annual leave at retirement goes on. One of the most important things you should know is that the total amount of annual leave that you can...
Retirement Benefits

Improving your Credit Score

Credit problems are all different. They are not the same since the cause of low scores depends on your factors on personal credits history, your financial situation and the style you use to manage your money. It could be late...
retirement savings

9 Easiest Ways to Be Smarter about your Money

Do you have a problem with managing your money? Most people do. According to a survey from Money Management International, 70% of Americans are worried about their personal finances. So what can you do to fix your finances? Follow these...
csrs

Is it Possible to Estimate Monthly CSR and Social Security Payments?

Most people are not sure about what they are likely to get regarding monthly pension from Social Security and CSRS, and this typically leads to a lot of confusion. However, there is no need to worry- it is possible to...
Retirement Benefits

Four Ways to Fix your Money Mistakes

Financial mistakes can be tough to accept. It’s difficult to move past when all you can think about is your error: ‘Why did I do that?’ ‘What could I have done instead?’ However, this doesn’t help you in the long...
retire

The New Military Retirement System Isn’t Bad

There has been a massive refurbishment of the military retirement system. The new system is more complicated. It is more of a mixed-up system since it gives a defined benefit pension from 40% pay for 20 years of service and...
retirement savings

Top Eight Retirement Planning Factors for Young People

It’s often something that is not even a concern for young people, but thinking about retirement is not something to be put off for later. Most young people in their 20s and 30s will defer their 401(k) participation to later...
Federal Employee Bonuses: Is Transparency Important?

Federal Employee Bonuses: Is Transparency Important?

The current state of affairs in Federal employment may be changing soon. President Trump has proposed that changing the system of salaries to a capped total and awarding bonuses based on merit. Many see this as a reasonable proposal, but...
thrift saving plan

Life Insurance Made Easy by Accelerated Underwriting

Individuals with good credit and good health should find it easy to obtain life insurance without an exhaustive interview and medical exam, and that is why a concept known as accelerated underwriting was introduced. In this case, one does not...

Investing: A Beginner’s Guide

If you’re under the age of 30 or have children under the age of 30, chances are investing is still a strange, confusing idea. Especially confusing is what would seem to be the most basic step- how does one even...
fers

More Retired Fed Employees in 2017, but Still No ‘Tsunami’

The so-called “retirement tsunami” has been a federal workforce expert’s clarion, dooming call- the idea that as Baby Boomers age out of the workforce and retire, there will be a massive exodus of employees, replaced by an inexperienced workforce with...
Should Federal Employees Choose Supplemental Coverage with FEGLI Option B?

Should Federal Employees Choose Supplemental Coverage with FEGLI Option B?

The federal government provides group life insurance coverage that is more affordable for federal employees, and the trend is also common among many private sector businesses. However, it is important to note that the FEGLI coverage has its share of...
Thrift Savings Plan and Federal Retirement Benefits

Saving for Retirement: 4 Easy Ways to Supplement your Savings

Worried about retirement? Maybe you don’t think you can save up enough- try these 4 easy tips and start saving now! Start Early   It is important to change your perspective about retirement saving for you to understand the benefits...
White House Intends to Revive CSRs with Conservative Policies

White House Intends to Revive CSRs with Conservative Policies

A new proposal by White House will see a significant reduction in premium payments after several changes have been made to the current healthcare policies. However, critics of the new proposal argue that after implementation, the proposal will lead to...
military

In The Military? Here’s How your Taxes are Different

If you’re a member of the military, taxes may be a slightly different endeavor for you than any other federal employee. There are several tax-related benefits to being in the military that may come as a surprise- did you know...

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