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 […]
What the January 2018 Government Shutdown Means for Employee Pay and Retiree Benefits
February 6, 2018
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 […]
With VA Facing Fallout, Congress Works to Find Solutions
January 26, 2018
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 […]
OPM Approves Voluntary Early Retirement Offer for USPS Employees
January 16, 2018
In early January, the Office of Personnel Management sent a voluntary early retirement offer to the United States Postal Service. The USPS will be able to help older employees retire earlier with better financial benefits than they previously would have received with the early retirement buyout package. The goal of this Voluntary Early Retirement Authority […]
What Tax Cuts Mean for Federal Employees in 2018
January 11, 2018
In late 2017, Congress passed a sweeping reform bill that gives tax cuts to many but leaves others uncertain. While both congressional representatives and the President have said this bill will benefit the majority of Americans, there may be changes ahead for federal employees, both in their income and employment. While it’s still unclear how […]
