Thrift Savings Plan (TSP) Contribution Limits in 2025 As of 2025, the Thrift Savings Plan (TSP) contribution limits are expected to increase. The maximum employee contribution limit will likely be set at $23,000 for employees under the age of 50, reflecting an increase from prior years. Additionally, those aged 50 and over can contribute up […]
Federal Employees – Lump Sum Annual Leave Payment When Retiring at End of Year When federal employees retire at the end of the year, they are entitled to receive a lump-sum payment for any unused annual leave. This payment is calculated based on the employee’s hourly rate of pay and the amount of accrued annual […]
Open Season Extended for Federal Retirees and Postal Workers The deadline for federal postal workers and retirees was extended to provide them with additional time to make informed decisions regarding their benefits enrollment. This extension often occurs due to various factors, such as administrative challenges or the need for clearer communication about available options. As […]
Growing Your Thrift Savings Plan (TSP) Account In 2025 Growing your Thrift Savings Plan (TSP) account in 2025 can be achieved through a combination of smart investment strategies and financial planning. Here are some tactics to consider: Maximize Contributions: Contribute the maximum allowed amount to your TSP each year. In 2025, stay updated on contribution […]
A Health Reimbursement Account (HRA) For Federal Employees Is Important For Several Reasons: Tax Advantages: Contributions made to an HRA are tax-deductible for the employer and tax-free for employees when used for qualifying medical expenses. This can lead to significant tax savings. Flexibility in Use: HRAs can be used to reimburse employees for a wide […]