The 2018-2019 partial government shutdown put some 800,000 federal employees in non-pay status, nearly half of them on unpaid furloughs, and the rest required to stay on the job but unpaid. This explainer covers the impact that shutdowns have on your pay and benefits.
This summary covers the ins-and-outs of TSP withdrawals: The TSP has implemented new, more flexible withdrawal options, but how and how often you can take money out shouldn’t be your only concern. There is a lot to aware of when moving money out of this tax-favored account, including serious tax consequences.
Free download: Solid facts about your pay system, retirement, life insurance, health insurance, survivor benefits, flexible spending account options, overtime pay, recruiting, retention and relocation incentives, annual leave and sick leave policies, holidays, long-term care insurance, the government’s own 401k-styled Thrift Savings Plan program (including loans), job protections and appeals, and how procedures can help you when your agency is downsizing.
Among the first formal actions of the Trump presidency was to order a general hiring freeze, as promised. What had not been explicitly promised, but was signaled, was that the freeze would be just a first step of a wider plan to downsize the government, something not done since the Clinton administration.
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Avoid critical TSP mistakes such as failing to understand withdraw options and the tax penalties associated with those, letting beneficiary designations lapse, overlooking the annuity option and more. It’s your nest egg after all, and knowing what not to do can be just as important.
The ability to take time off and still be paid for it is one of the best benefits of working for the federal government but are you taking advantage?
This free report summarizes the key points about annual leave, sick leave, excused absence, other paid time off, leave without pay and compensatory time off.
Chances are that as a CSRS employee, you’ve had retirement on your radar screen for a number of years. This special report is designed to help you as your CSRS retirement nears. Retirement is a life-altering decision, yet many employees move into it less prepared than they should be. Make the decision to retire—or to wait to retire—with the kind of solid basis of knowledge that such an important decision merits.
Occasionally, supervisors and managers find trouble – sometimes big trouble that defies simple solutions. A very few get fired. But most who wander into the path of a disciplinary bus just wind up involved in months, and sometimes years, of bitter personnel battles. You can skirt these problems easily by avoiding a dozen “deadly sins” such as being impartial (or just appearing to be), and sloppy record keeping.