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How COLA Is Not the Answer to Inflation For Retirees

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, […]

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Potential TSP Gains Lost During Shutdowns?

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 […]

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The New TSP Transition Update

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 […]

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This Bill Can Assist Feds in Preparing for Retirement

The government’s 401(k)-style retirement savings programme, which is currently being debated in Congress, would allow federal employees to save for retirement for a longer time.
 
The SECURE 2.0 Act, was proposed by Rep. Richard Neal, D-Massachusetts, and passed the House overwhelmingly last month. The bill, which the Senate is currently […]

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The Reason Many Federal Employees Retire When Their Year Ends

After 2021 and the beginning of 2022, the Office of Personnel Management received its regular influx of retirement applications. OPM received 35,549 new retirement benefit claims in the first three months of this year. OPM’s Retirement Operations Center had 36,349 outstanding claims in its inventory at the end of […]

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Supreme Court Ruling on Suing for Age Discrimination

The Supreme Court made it simpler for federal workers aged 40 and higher to sue for age discrimination in recent proceedings. Age discrimination entails the problem of employees being unable to get the opportunities they qualify for solely based on their older age.
The Supreme Court found 8-1 that […]

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USPS to increase the number of Electric Vehicles by Two

The USPS is now moving towards bringing a profound change in the vehicles they use for their daily operations. They are now being replaced by electric vehicles, and in the following article, we will shed more light on the topic.
 
Officials indicated Thursday that one in every five of the […]

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House Panel is now Investigating ID.Me

The Oversight and Reform Committee is interested in learning more about the identity verification firm. According to the committee, the service is used by at least nine other federal agencies and 30 state governments.
“It is critical to ensure the appropriate measures are in place to defend Americans’ private information […]

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