GSA: Per Diem Rates For Federal Workers Will Increase This Fall The amount of money federal agencies will reimburse employees for traveling expenses will increase for both lodging and for meals and incidentals beginning in October. The General Services Administration announced last week that both lodging and meal and incidental per diem rates will increase […]
How to Decide if Medicare Part D is Right for You Although most federal annuitants might benefit from keeping Part D, there are three instances where you could benefit from opting out. The Inflation Reduction of Act of 2022 included improvements to Medicare Part D, and some have already been enacted—$35 insulin, no more member […]
Your 2025 COLA: Early Projection of 1.75% The 2025 COLA payment will be effective in January 2025. Here is an early projection and how it compares to recent years. Comparing Recent COLAs and Projecting 2025 COLA The annual cost of living adjustment (COLA) impacts federal retirees in two ways. Most federal employees are now covered […]
Survey: Most TSP Participants Lack Outside Savings But Confidence Ticks Up Close to 40% of survey participants report having private savings/investments to provide additional retirement income. Earlier this year we looked at the results of the Federal Retirement Thrift Investment Board’s 2023 financial wellness survey and some key findings. The survey was of TSP participants, both […]
What Went Wrong with the Launch of Thrift Savings Plan’s New Online System? Just over two years ago, the Thrift Savings Plan launched a new online system meant to modernize and improve users’ access to their federal retirement savings. But almost immediately after the system launched, users reported widespread problems accessing their retirement savings and […]