Phased Retirement is a human resources tool that allows full-time employees to work part-time schedules while beginning to draw retirement benefits. This new tool will allow managers to better provide unique mentoring opportunities for employees while increasing access to the decades of institutional knowledge and experience that retirees can provide. This is yet another forward-thinking […]
Despite concerns that the ranks of the civil service could shrink during the COVID-19 pandemic, the federal government is hanging on to its workers — at least for now. There was modest change in attrition across the federal government in fiscal 2021 despite turbulence caused by the nationwide health crisis and increased resignations in 2020. […]
This point of the year is a good time for FERS employees to make sure they won’t lose government contributions to their TSP accounts due to hitting the annual investment dollar limit too early. The cap this year is $20,500 (a combined limit for both traditional pre-tax TSP investing and after-tax Roth investing, for those […]
Wait times on the customer service number for the federal government’s 401(k)-style retirement savings plan are down from over two hours to 15 minutes on average. Officials with the federal government’s 401(k)-style retirement savings plan said Tuesday that there is light at the end of the tunnel that is the Thrift Savings Plan’s troubled transition […]
The federal government offers a different option to its employees to save for retirement than private companies. The Thrift Savings Plan (TSP) is very similar to popular plans found in the private sector, allowing for pre-tax contributions, employer matches, and long-term earning potential in a variety of funds. But it has some unique options that […]