Meet the New Leader of the TSP Fund
As of July 2022, the C Fund is no more the biggest Thrift Saving Fund. Although it still sits in the top 5 core funds, the position of number 1 is now acquired by the G Fund. According to market performance, it can be approximated that the G Fund holds around $215-220 billion.
This rise in the position of the G Fund is primarily attributed to its non-volatile nature. While the other funds […]
Discover the Time-Saving Idea Of a Navy Reservist
A couple of years ago, the idea of Navy reservists using an app for assembling their mobilization documents felt like a dream. Although this could considerably reduce the handiwork, the idea was never taken into consideration.
However, this was only until a Navy officer gave it a serious thought. Lt. Cmdr. Jonathan Calhoun, assigned to the Maritime Operations Center, was completing one of his mobilization exercises with truckloads of paperwork when he came […]
Congress had been working to include new reforms to transform the previously existing federal firefighter’s compensation as included in the bipartisan infrastructure law. These reforms include increasing the overall pay of firefighters, especially in locations with low job recruitment and retainment. The idea is to increase their income by $20,000 annually or 50% of their current salary, whichever is lower.
Following this, the President announced further pay rises and the implementation of a framework that will increase and improve compensation. […]
Many people have asked me about my approach to retirement. How should one strike a perfect balance between the yearly cost-of-living adjustments to retirement benefits and the increase in employee income? Even though the answer to this concern is not as easy as it may sound, the aim is to grasp how the two increases work.
Adjustments of January Pay
Besides the length of your tenure, the pay given to a federal employee every year increases factor into your average salary. […]
The global recession has pushed gas prices to new, unforeseen heights. Federal Employees’ Union is trying to tackle raising prices by urging the Internal Revenue Service to issue a new update on gas reimbursement amount. Midyear updates are rare, but it is the need of the hour for federal employees who utilize their own transport to travel to work.
It falls under the responsibility of the General Service Administration to use gas reimbursement rates for federal employees who travel to […]
Remote work became a new norm during the pandemic phase. In an attempt to minimize the effects of the pandemic, most of Covid’s response strategies involved shifting many workers to remote teams. Similarly, 60% of federal workers shifted to telework to maximize flexibility.
Fast forward to the post-pandemic era, institutions are trying to renegotiate terms for a smooth return to work. The massive vaccination campaigns have allowed workers to return to their usual working habits. However, the timeline of how […]
Cost of living adjustment – or Cola, for short – is a simple idea for federal retirees. But, depending on which system you’re in, you’ll find many aspects of the adjustment different from other federal employees. These differences could be related to how soon you get the adjustment and, most importantly, how much.
With inflation levels hitting a 40-year high, experts believe that the cost-of-living adjustment will be substantially higher than in previous years. Inflation levels are not the only […]
Covid-19 is no laughing matter. The pandemic which halted the world was also the cause of suffering for millions of people. It’s why there’s no margin given to any individual for making light of the situation.
Based on the reasons above, it’s not a surprise that army officials took such a hard stand and fired a social media manager for offensive and racist comments. These comments were mainly related to the pandemic and were posted as a series of questions […]
Missing out on possible gains from the stock market due to no fault of your own is frustrating. A group of FBI employees determined that the potential profits they could have made if TSP contributions hadn’t been delayed were enough to make them entitled to damaged.
The group of anonymous federal employees sued the state for the loss of potential market gain they could have made. A 35-day-long government shutdown in 2018 and early 2019 left these employees with no […]
Amid thousands of individuals struggling to make new changes or access their accounts, the federal government’s retirement savings program officials have opted to add new transitional updates. These updates are mostly related to introducing a new recordkeeping service.
Thrift Savings Plan’s website shows all the changes and updates implemented. The transitions include updating the login process and making it more secure and a mobile application. Moreover, the account landing page has undergone a redesign, and the admin approved access to […]
