Blog

26 Jul

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 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 […]

Uncategorized
Read more...
19 Jul

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 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 […]

Uncategorized
Read more...
21 Jun

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 considering, would raise the age at which persons, including federal employees who participate in the Thrift Savings Plan, must begin taking mandatory minimum distributions from 72 to 75 years old.
 
The […]

Uncategorized
Read more...
14 Jun

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 March. It takes 128 days to process situations that require longer than 60 days.
When waiting for your retirement paperwork to be processed, it’s wise to hope for the best but […]

Uncategorized
Read more...
07 Jun

The Defense Department dumped an officer’s body. Now it must give his wife a job!

On Wednesday, an appeals tribunal concluded that the Defense Department unjustly retaliated against a whistleblower who filed for a civil service job after her husband was killed in combat in Iraq and the Air Force dumped his cremated ashes at a Virginia landfill.
Garilynn Smith alerted the media and a congressman after learning of her husband’s mistreatment five years after his death as a U.S. Army sergeant and bomb disposal technician. Smith was a civilian Army employee in New Jersey […]

Uncategorized
Read more...
31 May

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 government employees face fewer obstacles than their private-sector counterparts. The ruling came in a case in which Chief Justice John Roberts, a 65-year-old baby boomer, used the “OK, boomer” phrase […]

Uncategorized
Read more...
28 May

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 first batch of next-generation USPS delivery vehicles would be electric as they are more efficient and environmentally friendly.
 
The Postal Service has placed a formal order for 50,000 cars worth $2.98 […]

Uncategorized
Read more...
24 May

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 to ensure their access to benefits for which they are eligible,” writes Carolyn Maloney (D-NY), chair of the House Committee on Oversight and Reform.
The probe was initially reported by the […]

Uncategorized
Read more...
17 May

Fixing the Federal Hiring Process

Two Republican senators are proposing new legislation to overhaul government employment, easing limitations on the onboarding process and erasing many of the roadblocks that agencies encounter when hiring new employees.
The Inspired to Service Hiring Improvements Act (S. 4027) would drastically increase the duration of temporary and term workers and make it easier for agencies to gain direct-hire power, based on recommendations from the National Commission on Military, National, and Public Service. Despite several reform efforts, the government has […]

Uncategorized
Read more...
10 May

The Three Agencies Aiming to Improve Federal Employee Retirement Plans

There are currently three organizations working to improve the customer experience for federal employees.
Companies should invest in customer service to maintain customer loyalty and receive referrals to new consumers. The same may be said about government agencies, both those that serve the general public and federal employees.
The Office of Personnel Management, the Social Security Administration, and the Thrift Savings Plan are all likely to be contacted by federal employees approaching retirement. Online services can sometimes help you get what […]

Uncategorized
Read more...