Number of TSP Millionaires Grows by Half in 2020
The number of TSP account holders with assets above $1 million grew by about half in 2020, from 49,620 at …More
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Approaches Differ Somewhat on Collecting Debt to Social Security
Details are continuing to emerge—too slowly, many federal employees are saying—on procedures for repaying the debt that many owe to …More
Merit Principles Survey Coming; Still No Word on Broader Survey
The MSPB will soon be inviting some 100,000 federal employees across two dozen departments and agencies to complete its “merit …More
Average Age at Retirement Steady, Years of Service Decline
The latest OPM data on patterns in federal retirements show that the average age has flattened off in recent years …More
1 Percent Raise Finalized, Boosts Pay Caps
President Trump late on Thursday issued an executive order formalizing a 1 percent across the board pay raise, with no …More
Raise Has Impact on TSP, Other Benefits
The 1 percent across the board raise that took effect Sunday (January 3) will have a spillover effect on a …More
Veto Override Clears Way for Higher Leave Carryover, Widened Paid Parental Leave
Two significant expansions of federal employee leave authorities, one involving “use or lose” annual leave and the other involving paid …More
Debt to Social Security to Be Collected over 24 Pay Periods, Largest Payroll Processor Says
The government’s largest payroll processor has said that it will collect debts to Social Security over 24 pay periods—starting with …More
For TSP Investments, at Least, 2020 Was a Good Year
After an early-year plunge in the financial markets as the pandemic hit, the stock-based TSP funds recovered to post a …More
Special Sick Leave Authority Now Expired, OPM Says
OPM has posted a notice calling attention to the fact that a special sick leave benefit under a Coronavirus relief …More
Mileage Reimbursement Rates Decrease Slightly
GSA has slightly decreased the mileage reimbursement rates for calendar year 2021 for using a privately owned vehicle on federal …More
Extension of Social Security Debt Repayment Deadline Finalized
Update: The wrapup funding bill passed by Congress last week and signed into law Sunday (December 27) will extend through …More
1A, 1B: Uncertainty Continues on Fed’s Status for Inoculations
Much uncertainty remains regarding the status of federal employees for Coronavirus inoculations and the level of coordination between federal agencies …More
TSP Investment Limits Stable for 2021; Several Policy Changes Taking Effect
The standard dollar limit on investments in the TSP, the “elective deferral limit,” will be unchanged in 2021 at $19,500, …More
Health Care Costs Set to Rise in New Year for Most
FEHB and FEDVIP insurance elections made in the autumn open season, and 2021 plan year premiums and coverage changes, take …More
OPM Proposes to Increase Role of Ratings in RIF Retention
A proposal from OPM would increase the role of ratings in RIF retention, leap-frogging over veterans preference and years of …More
November TSP Gains Worth $10K on Average; Total Nearing $700B
The strong stock market returns of November helped boost the average value of a TSP account by some $10,000, and …More
Inauguration Day a Holiday only in Capital Area
OPM has sent out a memo similar to one in advance of every presidential inauguration, reminding agencies that Inauguration Day …More
Slight Increase in Minorities, Women in Federal Workforce but Less so Up Top
The percentages of minorities and women in the federal workforce increased slightly in a new accounting from OPM, although the …More
Full Day Off Granted for Christmas Eve
President Trump has granted a full day off with pay for most federal employees for next Thursday, December 24, creating …More
OPM Tells Agencies to Comply with New Disciplinary Rules
OPM has told agencies that they must bring their internal disciplinary policies into compliance with recently-finalized government-wide rules by the …More
Details Emerging on Vaccine Availability for Federal Employees
As inoculations with the newly approved Coronavirus vaccine have begun—with a second vaccine on the verge of final approval—details continue …More
Still No Word on Nominees for Key Workforce Positions
With now only about a month to go until Inauguration Day, there still has been no word regarding nominations for …More
CBO Lists Familiar Potential Cuts to Benefits
The Congressional Budget Office has presented a list of familiar potential cuts to federal employment and retirement benefits as cost-savers, …More
Real-World Ethics Rules Apply to Virtual Events, Says OGE
Ethical rules for federal employees governing gift acceptance for events such as conferences also apply to virtual events, the Office …More
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Potential Tax Liability for Federal Employees in 2021
By Kashable.com 2020 has brought a lot of economic change, and in turn, quite a few relief efforts from the …More
Congress Kicks Shutdown Threat Down the Road, but Not Far
The House and Senate have approved an extension of temporary spending authority through December 18 that President Trump is expected …More
Defense Bill Addresses Paid Parental Leave Loophole, Use or Lose Leave Limits
The House and Senate have passed a final version of the annual defense authorization bill, which among other things would …More
Reminder: Open Season Runs Through Mon. Dec 14
Monday (December 14) is the last day of the current open season for electing or changing coverage in FEHB and …More
Gender Pay Gap Narrowing as Federal Workforce Changes, GAO Finds
GAO has found that the pay gap by gender in the federal workforce, always smaller than that in the overall …More
