The House of Representatives fiscal year 2020 National Defense Authorization Act (NDAA) was passed by that included an amendment that would block the proposed reorganization of OPM. So it appears that the Office of Personnel Management (OPM) and General Services Administration ( GSA) merger is not going to happen.
An […]
Recently, we wrote a post about the need for short term disability in the federal workforce. A need which is very important and is not available as a core or supplemental benefit.
Today, let’s explore federal long term disability. A good place to start is what is long-term disability? In […]
Despite recent chatter about agency employees’ jobs, OPM (Office of Personnel Management) Director, Margaret Weichert, has assured agency employees their jobs are safe. This comes from concerns about potential consolidation of the OPM and the General Services Administration (GSA).
The most recent discussions placed about 150 workers at risk. This […]
In a world where potential for sickness, accidents, and injury are high, federal employee short term disability insurance plan becomes very important. Most people think this cannot happen as it’s hard to imagine having short term disability issues when you are a healthy individual. However, the importance is of […]
What the heck is Longevity Risk?
Why does it affect me? To put it simply, Longevity Risk is a new concept that addresses the issue of ensuring people do not outlive their money. Many financial professionals have made it a practice to ensure clients do not outlast their retirement investments, […]
The trend that began over a year ago of Federal employees continue to file for retirement at an increased pace compared with recent years is ongoing.
According to statistics from the Office of Personnel Management, 7,510 federal workers filed for retirement in November. That figure is a 34 percent increase […]
The federal government’s 401(K)-style retirement savings program officials announced in December that they are planning to make it easier for participants to manage their investments.
The Thrift Savings Plan has implemented the 2017 TSP Modernization Act. That law allows federal employees and retirees to make multiple age-based withdrawals from their […]
The Office of Personnel Management has released new data regarding the number of federal employees who filed for retirement. The number of retirees increased 24 percent in 2018 over the previous year.
OPM published retirement statistics earlier that showed that 7,142 employees filed for retirement in September 2018. That brought […]
Within the next two months, the average American worker will likely see an estimated increase in their take home pay of $70 a paycheck, or $2,000 a year, due to the 2017 Tax Reform Act.
It’s anticipated that most Americans will immediately absorb the extra money as part of their […]
Lifecycle funds that have been targeted within the 10 years before the participant’s retirement date have now been approved to within five-year increments. The panel that oversees the retirement savings plan for federal employees on Wednesday approved this unanimously.
Investors can move to a more conservative portfolio as they near […]
