Election Years and The TSP
Investing during election years is an exercise in not letting your emotions drive your decisions, says one financial advisor.
Election years can be many things. Optimistically, they’re an exciting opportunity to participate in our country’s democratic process and select new leaders. On the other end of the spectrum, they can be a time of heightened divisiveness and fear. Follow link to read more. https://bit.ly/3VjP3g8
Benefits on the Death of a Federal Employee or Retiree
Any money you have in your TSP account would be paid out according to the name(s) you designated.
In the last three articles on life events, I wrote about marriage, children, and divorce. I’ll conclude this series by explaining what happens to your benefits on your death. Click HERE to read more.
Employee Groups Air Their Disappointment With Biden’s 2% Raise Proposal
Multiple groups representing federal employees expressed their displeasure this week at the White House’s proposed pay raise, noting that it falls both behind the cost of inflation and military compensation. Click HERE for further details.
President Joe Biden last week issued an executive order creating labor-management forums at federal agencies to promote better relationships between management and front-line workers.
The EO also requires agencies to work with the unions to create the plans for implementation that they have to submit to Office of Personnel Management (OPM). Click HERE to read more.
OPM Retirement Backlog Cut 6% in February
More retirement claims were processed in February which helped reduce the OPM retirement backlog.
The number of federal employees’ retirement claims processed last month rose sharply which helped to reduce the OPM retirement backlog from last month’s spike.
The Office of Personnel Management processed 10,025 retirement claims in February, 55% higher than in January. This helped to reduce the backlog by 6%, going from 20,822 at the end of January to 19,591 at the end of February. Click HERE to read more.