How The Holman Rule Affects Federal Employees
May 15, 2018
Congressional representatives voted to reinstate the Holman Rule this week, which allows members to propose amendments that reduce the pay of specific federal employees. Members of Congress would be able to reduce pay to one dollar for specific federal workers. This has left many political and economic experts wondering what the Holman Rule is and […]
What’s the Impact of the Federal Retirement Fairness Act?
May 3, 2018
A new bill, The Federal Retirement Fairness Act, is working its way through the congressional process as elected officials look to help employees who were temporary contract workers before they were hired full-time. Temporary workers don’t receive the same federal retirement benefits as full-time employees, and a few years of contract work can set federal […]
Congress Hopes to Reform USPS to Reduce Losses
April 16, 2018
The United States Postal Service in more than an American institution; it’s also a source of thousands of federal jobs. Americans rely on the postal service to transfer important documents and social greetings from friends, while postal workers rely on the USPS to keep them employed and provide care in the form of retirement and […]
MyFEDBenefits Launches Retirement Quiz in Response to Waning Financial Certainty [MyFEDBenefits News]
April 4, 2018
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 […]
Proposed 2.6% Military Pay Raise The Largest in Almost a Decade
March 21, 2018
The Trump Administration released its proposed FY2019 budget last month, which included discussions about federal retirement benefits and pay raises for military employees. The current budget proposes a 2.6% increase in pay for military personnel in 2019, an increase from the current approved military pay raise of 2.4% in 2018. According to the website Task […]
Federal Retirement Study: Most Employees Don’t Have Enough Saved
March 13, 2018
Only 18% of American workers say they will be able to fully retire and live a comfortable lifestyle, according to the Transamerica Center for Retirement Studies® (TCRS). The organization recently released their 18th Annual Survey on the state of American retirement, with some shocking findings especially related to federal retirement. Not only are Americans planning […]
USPS VERA 2018 Q&A for Clerks and Mail Handlers
March 6, 2018
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. […]
Federal Retirement Benefits on the Chopping Block in the FY19 Budget
February 28, 2018
There has been a lot of talk about federal retirement benefits lately. After months of debate and partisan fighting over benefits cuts, both sides passed a plan to protect federal benefits and avoid significant cuts to current and retired employees last November. Congress had finally reached an agreement for the 2018 proposed budget, and everyone employed […]
OPM Retirement Backlog Exceeds 20,000 Applications in January
February 20, 2018
The Office of Personnel Management continues to struggle with its extensive retirement backlog, with more than 20,000 applications waiting to be processed for employees across the United States. According to FedSmith, the OPM received 14,590 new retirement applications in January, but it was only able to process 8,638. This deficit of 5,952 was added to […]
Do You Need to Pay Taxes on Your TSP Withdrawal This Tax Season?
February 13, 2018
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 […]
