For many federal employees approaching retirement, hitting the $1 million mark in their Thrift Savings Plan (TSP) feels like the ultimate benchmark. After| FEDweek
It’s a question on the minds of millions of Americans: Will Social Security still be around when it’s my time to use it? As the headlines grow more urgent| FEDweek
Updated: In early 2025, federal employees narrowly avoided significant cuts to their retirement benefits. A series of budget proposals in Congress sought| FEDweek
For federal employees planning retirement under the Federal Employees Retirement System (FERS), one of the most discussed—and misunderstood—topics is the| FEDweek
With President Trump’s signature on July 4, 2025, the One Big Beautiful Bill Act (OBBBA) became law. Federal employees should be relieved to know that| FEDweek
If you have a spouse and/or dependent children, understanding what happens in the event of your death is critical. Survivor annuity if you die while an| FEDweek
The trend toward claiming Social Security benefits at ever-later ages has been even steeper than has been commonly reported, a study has said, suggesting| FEDweek
Why do we put money aside in our Thrift Savings Plan? So that we can take it out of the TSP throughout our retirement, that’s why. While we are working| FEDweek
The TSP has added details to previously announced changes regarding the available lifecycle L funds and an upcoming option for in-plan conversions of| FEDweek
Following is the section of the new OPM hiring policy directive addressing an initiative to focus on “Recruiting Patriotic Americans for Federal Service.”| FEDweek
Many types of assets ask you to name a beneficiary. They include IRAs, life insurance policies, annuities, payable on death accounts, and transfer on| FEDweek
When you retire you’ll have to make some decisions about life and health insurance coverage, assuming that you are enrolled in one or both of these| FEDweek
When the Federal Employees Retirement System (FERS) was established, it differed from the Civil Service Retirement System (CSRS) in several ways. While it| FEDweek
The provision of federal retirement law requiring that cost-of-living adjustments for FERS employees be lower than those for CSRS employees when inflation| FEDweek
As of March 2025, there are approximately 147,000 Thrift Savings Plan (TSP) millionaires. These are investors who made significant contributions to the| FEDweek
The SSA has said it has recalculated benefits for three-fourths of those who stand to benefit from the law repealing the windfall elimination provision| FEDweek
The Trump Administration is pursuing a wide scale reduction in the size of the federal workforce not seen in scale since the Clinton Administration, and| FEDweek
Whether you are planning to leave, stay, or aren't sure, here are some actions you should take now as well as key considerations to bear in mind. As you| FEDweek
Federal employees enjoy the benefit of having a retirement account called the TSP (Thrift Savings Plan). The TSP was created in 1987, starting with the G| FEDweek
The SSA has said that it has begun recalculating benefits for federal retirees and others who had been affected by the government pension offset and| FEDweek
You have a leg up as a federal retiree in that you have that increasingly rare benefit among American workers - a life long pension. As you approach| FEDweek
As we step into 2025, there are several important changes to FERS benefits that federal employees should be aware of. From Thrift Savings Plan (TSP)| FEDweek
Retirement as a federal employee is no easy topic. There are two essential questions to understand if you’re going to know if you’re ready to retire: #1 -| FEDweek
Following is a new Congressional Research Service report outlining the federal workforce reduction in force process, including a description of the| FEDweek
Updated: Most federal employees retire when they have the right combination of age and service to do so. However, there are two additional forms of| FEDweek
Following are the sections of a joint OMB-OPM memo telling agencies to produce “RIF and Reorganization Plans” describing the goal those plans are to| FEDweek
It’s not uncommon for a federal employee to feel that they can’t afford to contribute to the Thrift Savings Plan, or to say they can’t afford to increase| FEDweek
Federal employees enjoy many benefits in retirement. Two great benefits are the FERS supplement and the 10% pension bonus. However, it is impossible to| FEDweek
Following is the section of an OPM guide to the now-ongoing open season, running through December 9, addressing areas of expanded coverage for 2025 in the| FEDweek
There tends to be a lot of confusion between Flexible SPENDING Accounts (FSA) and Health SAVINGS Accounts (HSA). While both allow for the use of pre-tax| FEDweek
Working for the federal government comes with some great insurance options. And one of the best perks is that most can take this insurance with them into| FEDweek