Bugs in the System
Following launch of the TSP’s new computer system June 16, numerous investors tried to check out their account information and …More
Fedweek
Sign up Now! Free eNewslettersCSRS Workers: Beware of ‘Windfall’ Trap
A little known (or understood, for that matter) law squeezes anticipated Social Security benefits for most CSRS retirement system workers. …More
OPM’s Guidance on Fees
Also still to be announced is which agencies will absorb the fees envisioned in the FSA program–$4 a month for …More
FSA Open Season Ending
The initial open season for the federal flexible spending account program ends Friday (June 27), only two weeks after the …More
Bargaining on Plan Lies Ahead
The Senate likely will use the bill as that chamber’s bargaining position during an upcoming conference with the House on …More
DoD Personnel Reforms Take Step Forward
In a vote that could virtually guarantee that significant changes will be made in civilian personnel policies at the Defense …More
Early-Out Rules Expanded
Another set of interim rules published by OPM on the same day carry out a separate provision of the same …More
New Hiring, Degree Rules Issued
The Office of Personnel Management has published interim rules-effective immediately, although comments are being accepted-carrying out several government-wide changes in …More
Lack of Money the Main Issue
Said the OPM report (see above), “The most common barrier to using the student loan repayment program reported by the …More
Few Student Loan Reimbursements Paid
Only about half of agencies are using of their authority to reimburse employees for student loan costs as a recruiting …More
Movement Possible on DoD Reforms
The Senate Governmental Affairs Committee this week could approve legislation (S-1166) that would give the Defense Department most of the …More
Keeping Your Eyes on the Exit Door
By John Grobe There are clouds on the federal employment horizon. Will they be storm clouds that bring strong winds …More
Startup Questions Remain
The extension of the FSA open season occurs as many agencies continue to work to revise their payroll systems to …More
Fees Policies Could Vary
The actual enrollments in the FSA program were in part delayed by uncertainty regarding whether employees would have to pay …More
Update: FSA Open Season Extended, Enrollments Accepted
The open season for the federal flexible spending account program has been extended by a week, to June 27, and …More
Some Special TSP Considerations
Although the transfer to the new computer system will not require any special action by the large majority of investors, …More
New Loan, Withdrawal Options on Tap
Other changes related to the new computer system include: there is no longer a limit on the number of times …More
Not Quite Day Trading
One much-anticipated feature of the daily valuation system is the end of the prior lag time-ranging from two to six …More
TSP Daily Valuation Up and Running
The Thrift Savings Plan, having been burned several times by setting goals for getting its new computer system running and …More
Lower Reservist Retirement Age Proposed
Legislation offered in the Senate (S-1035) by Sen. Jon Corzine, D-N.J., would reduce the retirement age for National Guard and …More
Rules for Those Not Receiving Settlement Packages
Certain individuals who may believe they are eligible for payments under the settlement were not mailed the packages, however. These …More
Special Rate Packages Should Be in Hand
Individuals in the database of the special rates back pay settlement should have received their “distribution packages” by now. Those …More
MSPB Criticizes Hiring Process
The Merit Systems Protection Board has issued a report criticizing the hiring process the government uses to fill vacancies. For …More
TSP Funds Post Gains
All five Thrift Savings Plan funds posted gains in May, with the small capitalization (S) fund leading the way with …More
Other Restrictions Apply
While some federal employees apparently have been saving up money to make catch-up contributions with a check, the contributions will …More
Eligibility Rules Apply
Catch-up contributions are allowed only for those who are in a pay status (that is, retirees and those on leave …More
Catch-Up Contributions on Horizon
Starting next month, Thrift Savings Plan participants who are age 50 and older this year may make “catch-up” contributions over …More
Actual Enrollments Still Uncertain
Even as the open season winds down, actual enrollments still are not being processed because it still hasn’t been decided …More
FSA Open Season About to End
The initial open season for the government-wide flexible spending account program ends June 20, but for those who decided to …More
Key Provisions of Senate Bill
The bipartisan Senate measure would grant DoD’s request to put its general schedule employees under a pay banding system with …More
