Entries by Karen Dzierzynski

OPM Issues New Benefits Administration Letter to Promote the Integrity of the Federal Employees Health Benefits Program

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OPM Issues New Benefits Administration Letter to Promote the Integrity of the Federal Employees Health Benefits Program Source: OPM.gov Washington, D.C. – The U.S. Office of Personnel Management (OPM) today announced new actions to further promote the integrity of the Federal Employees Health Benefits (FEHB) Program. In a Benefits Administration Letter (BAL), OPM outlined requirements for federal agencies […]

Over 4,500 of Your TSP Colleagues Know This: Do You?

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Over 4,500 of Your TSP Colleagues Know This: Do You?  One way to navigate the many fund offerings is by using the TSP’s mutual fund window “fund screener” tool.  As of February 2024, there were over 4,500 TSP participants enrolled in the TSP’s mutual fund window, according to the Federal Retirement Thrift Investment Board—the entity […]

Can You Take Your FERS or CSRS Pension as a Lump Sum?

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Can You Take Your FERS or CSRS Pension as a Lump Sum? If you ever look at your paystub and wonder what “cumulative retirement” means, it refers to the total amount of contributions that you have made to either FERS or CSRS. And many might wonder, upon retirement – can’t they just take this full […]

2024 TSP Contribution Limit Predicted to Increase

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2024 TSP Contribution Limit Predicted to Increase Recent estimates project that the 2024 TSP annual contribution limit will increase to allow federal employees to save more for retirement. The annual contribution limit for the Thrift Savings Plan (TSP) will increase by 2.2% in 2024 according to Mercer, a benefits consulting firm that is part of […]

Navigating Retirement Pitfalls

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Navigating Retirement Pitfalls Much is written about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Some classic financial missteps have been known to plague retirees, too. Calling them “missteps” may be a bit harsh, as not all of them represent errors in judgment. Either way, becoming aware of these potential pitfalls […]