MyFEDBenefits Launches Retirement Quiz in Response to Waning Financial Certainty [MyFEDBenefits News]

With retirement preparedness confidence at an all-time low, helping federal employees plan for the future is essential, publishes myfedbenefitshelp.com Fort Worth, Texas – (MarketersMedia) — Fewer than 25 percent of Baby Boomers are confident in their retirement preparedness according to the latest reports from the financial sector. While federal employees’ benefits are designed to help […]

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USPS VERA 2018 Q&A for Clerks and Mail Handlers

MyFEDBenefits Answers Common Questions About USPS VERA 2018 for Federal Employees MyFEDBenefits hosted a free Facebook Live Q&A event on Tuesday, February 27th for USPS federal employees to ask questions about early retirement and their VERA applications. The VERA (Voluntary Early Retirement Authority) is available to USPS employees with at least 20 years of eligible service. […]

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Do You Need to Pay Taxes on Your TSP Withdrawal This Tax Season?

Spring signifies more than a fresh new year and a break from the cold months of winter, it also means tax season. Most employers and government agencies were required to send forms to employees and citizens by January 31, meaning you likely received forms to help you file. The deadline to file your taxes this […]

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What The Government Shutdown Means for Employee Pay and Retiree Benefits

While many employees returned to work following the end of the government shutdown in late January, questions remained. People wondered if they would get paid, and for what time they would be paid for. Retired workers worried about their benefits and government payments. Everyone wondered if this whole process would be repeated in February, as […]

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With VA Facing Fallout, Congress Works to Find Solutions

American politicians agree on very few things, but one factor that tends to bring people across the aisle is providing care for our veterans. With the VA facing fallout, this issue is becoming even more urgent. Over the past few years, both Congress and the American people have started to see the exact state of […]

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2% COLA (Cost of Living Adjustment) Increase Starts This Month

After months of debate and concerns about the federal budget, retired employees are set to see a  2% cost of living adjustment (COLA) to their benefits payments starting in January. This raise applies to CSRS retirees and FERS retirees who are eligible for a COLA. Social security recipients, military beneficiaries, and people who receive survivor […]

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Treasury Suspends Investment Into TSP Federal Employee Retirement Funds to Avoid Hitting Debt Ceiling

Federal employees checking their pensions this month might notice a change in the government’s contribution. In early December, The Treasury Department, led by Treasury Secretary Steven Mnuchin announced that the government would no longer pay into Federal employee retirement funds and thrift savings plans (TSP) in order to avoid hitting the debt ceiling. The contribution […]

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Congress Proposes Buyout Increases for Federal Employees

Almost immediately after the inauguration in January, the Trump administration made its intentions to streamline operations clear. Federal agencies across all levels of government will be reviewed, and instances of unnecessary positions or overstaffed teams will be adjusted. While this “trimming of the fat,” is good news for citizens who want their government to be […]

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Changes to TSP Hardship Withdrawal Rules for Natural Disaster Victims

Following the devastating hurricanes, floods, and forest fires of 2017, the Office of Personnel Management is rapidly approving Financial Hardship In-Service Withdrawal Requests (Form TSP-76) in Thrift Savings Plans. Depending on your employment and natural disaster impact, you may qualify for a hardship payment. The goal of these loosened approval processes is to help employees […]

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TSP Bill Passes House and Senate, Eliminates Restrictions for Federal Employees

Federal Employees are about to see major changes to their Thrift Savings Plan (TSP) options next year. The TSP Modernization Act (H.R. 3031) recently passed to help federal employees better manage their Thrift Savings Plans, a 401(k) style savings plans used by more than five million participants. The TSP bill is good news for current […]

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