Potential Shutdown Would Cause Varying Impacts on Pay

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Potential Shutdown Would Cause Varying Impacts on Pay

Source: Fedweek

Both employees who would be furloughed and those who would work without pay are guaranteed to be paid eventually.

If there is a two-phase partial government shutdown beginning as soon as Saturday (March 2), it would cause a variety of impacts on federal employee pay beyond the usual differences between paid vs. unpaid status during agency funding lapses. Click HERE to read more.

Thrift Savings Plan Guide: What You Need to Know

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Thrift Savings Plan Guide: What You Need to Know

The Thrift Savings Plan (TSP), a cornerstone of retirement planning for federal employees and uniformed service members, oversees an impressive $845 billion in assets, making it the nation’s largest defined contribution plan. With 7 million participants, its scale and the active engagement of its members—who significantly contribute to receiving full matching funds—highlight its critical role in ensuring financial security. Click HERE to learn more.

 

TSP Stays Mum on Some Details of I Fund Transition

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TSP Stays Mum on Some Details of I Fund Transition

 The TSP has released some additional information on basing the I fund to a different index of international stocks, although it was not specific on timing except to say that it will be completed by year’s end, as previously announced. Click HERE for more.

OPM Faces Its First Test of Recent Retirement Processing Tweaks  

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OPM Faces Its First Test of Recent Retirement Processing Tweaks

The number of new retirement claims received by the federal government’s HR agency doubled in January, marking the start of the annual busy season.

The annual retirement surge is officially upon us, as the number of new claims doubled between December 2023 and last month, giving the Office of Personnel Management a chance to stress the efficacy of recent tweaks to the retirement process. Click HERE to read more.

 

Crafting Your Perfect Retirement Exit Strategy

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Crafting Your Perfect Retirement Exit Strategy

These pre-retirement tasks can help ensure a smooth transition.

Most of the work that I’ve done over the past 39 years has been assisting federal employees separate from federal employment and move into their life after retirement.

As you might expect, there are some employees who have a smooth transition and others hit a few roadblocks that slow down the process.  Click HERE to read more.