5 Things You Need to Know About a Thrift Savings Plan
January 15, 2016
The Thrift Savings Plan (TSP) is a crucial part of your Federal benefits package regardless if you are a civilian employee or a member of the military. But the bigger question is, how do you manage it? Here are 5 Things You Need to Know About a TSP: Consider it your 401K: A TSP is […]
Obama Nominates NEW OPM Chief
November 18, 2015
Beth Cobert may become the new head of the U.S. Office of Personnel Management if President Obama has his way. The president has nominated the now acting director of OPM to officially take over the agency and become OPM director. Ms. Cobert became acting director following the resignation of former OPM director Katherine Archuleta. Ms. […]
Former IRS Chiefs Warn Congress about Budget Cuts
November 18, 2015
Seven former IRS commissioners are begging Congress to halt additional cuts to the agency’s budget. In a November letter to U.S. House and Senate leaders, the former commissioners pointed out that the agency’s budget has been cut by 17 percent since 2010 — a $1.2 billion reduction. “None of us ever experienced, nor are we […]
Rate Changes on the Horizon for FEGLI Participants
November 4, 2015
Come January, you might see your Federal Employees’ Group Life Insurance deduction on your paycheck rise or fall depending on the plan you are enrolled in. Older workers and retirees will be the hardest hit. The U.S. Office of Personnel Management recently issued a notice in the Federal Register informing federal workers and federal retirees […]
Rare FEGLI Enrollment Opportunity Offered Next Year
November 4, 2015
Federal workers will be offered a rare opportunity to enroll in, or modify, government-sponsored life insurance. The question we must raise though is…..is it worth it? More on that in a moment. According to a notice in the Federal Register, the U.S. Office of Personnel Management will hold a Federal Employees’ Group Life Insurance open […]
Get Prepared: FEHB Open Season Is Just Weeks Away
October 23, 2015
Open season is just around the corner. That means federal workers, like you, may enroll in a federally-sponsored healthcare plan, change your plan, tune it more to your liking, or cancel it. All these changes can be made during what the federal government calls open season. This year, it runs from Monday, November 9 through […]
Outgoing Association President Offers Bleak View on Pay and Benefits
October 19, 2015
The outgoing president of a federal executives association is advising the workforce not to get their hopes up about any improvements in pay and benefits. In a recent interview with The Washington Post, Senior Executives Association President Carol A. Bonosaro offered a sour outlook when asked for her thoughts on the subject on the […]
Driverless USPS Delivery?
October 19, 2015
Will we see a day when nobody (or, more accurately, no body) is behind the wheel of a United States Postal Service delivery truck? It may not be as far-fetched as you think. In a recent blog post, the United States Postal Service Inspector General’s office speculated on the future of driverless vehicles and whether […]
Federal Workers Will Get Letter Notifying Them of Data Hack
October 13, 2015
Federal workers whose identities were stolen in a massive data breach will soon receive an official notice in the mail informing them of what was stolen and what steps they can take to protect their identity. According to a blog posted on the U.S. Office of Personnel Management’s website, OPM has already begun sending […]
Keep Your Hands Off the Thrift Savings Plan, Group Warns
October 8, 2015
Don’t raid the TSP to save the federal government’s budget woes. That’s the message to Congress delivered by the Employee Thrift Advisory Council, an organization composed of federal worker rights groups, unions, and uniformed services. The council advises the Federal Retirement Thrift Investment Board, the TSP’s administrator, and represents roughly 4.9 million TSP account holders […]
