OPM Retirement Center
Do You Know About the OPM New Retirement Resources?
OPM is here to help you transition from serving the American people to enjoying your retirement. These links are useful to new and existing retirees throughout their retirement journey.
Explore the Retirement Quick Guide
Follow link to read more about the new retirement resource center. https://www.opm.gov/retirement-center/
The GPO-WEP Repeal Bill
The “windfall elimination provision” affects how the amount of your retirement or disability benefits is calculated if you receive a pension from work where Social Security taxes were not taken out of your pay. A modified formula is used to calculate your benefit amount, resulting in a lower Social Security benefit.
The GPO-WEP Repeal Bill has been signed into law, marking a significant development for those affected by the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP). With the bill now in effect, the process for retroactive payments is set to begin. This legislation aims to provide fairer Social Security benefits to individuals who have contributed to pension plans while working in public service jobs. As details unfold, beneficiaries will be looking forward to the adjustments and payments that will be coming their way.
How Could Federal Employee Retirement be Affected as the Trump Administration Assumes Power
The transition of power to the Trump Administration raised several questions regarding federal employee retirement benefits. Changes could potentially stem from policy shifts aimed at reforming government spending and programs. Here are some key considerations:
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 to $7,500 as a catch-up contribution, bringing their total contribution limit to $30,500.
Please check the official TSP website or consult with your plan administrator for the most accurate and up-to-date information as these limits can change based on inflation or legislative actions. www.tps.gov
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 leave that has not been used by the time of retirement.
Here are the key points regarding this process:
This lump-sum payment is a valuable benefit for federal employees, providing them with additional financial support as they transition into retirement.