FERS employees and CSRS employees get the same sick leave benefit–until the computation of a retirement annuity. A bill passed by the House on July 30 would change the current system.
P.T. Barnum is credited with the phrase “There’s a sucker born every minute.” Keep that in mind when you read ads about how how to invest (or roll-over) your TSP money.
IRS announced a mileage rate reimbursement increase for tax purposes on June 23rd. For federal employees, the increase will be effective on August 1st.
A pending bill would quietly change the TSP’s investment philosophy. The result would be opening the door to more investment options, confusing many investors, applying more political pressure on the TSP and profiting financial interests with Congressional patrons. The likely losers: TSP investors who are benefiting from a simple, inexpensive retirement plan that is currently a model for private sector retirement plans.
What is the best investment strategy in the Thrift Savings Plan for your retirement future? A recent report from the Thrift Investment Board provides useful guidance you can use to shape your financial future.
Here is a reality check for readers. Inflation is alive and well. Federal retirees are on track for an increase of 5.7% next year–with another three months to go before the final figure is known. Federal employees may get an average of 3.9%–or there may be a continuing resolution that would delay finalizing the budget until 2009.
What will your paycheck look like in 2009? It looks like the 3.9% average pay raise for federal GS employees may eventually be approved.
When a politician says he wants to improve your TSP returns by changing the system, hang on to your wallet. Someone may benefit, but it may not be the TSP investors.
TSP stock funds across the board went down significantly in June. Here are the results and a perspective that long term investors should keep in mind before deciding to bail out of the market based on the latest TSP returns.
Senior federal officials sometimes have a reputation or image for being far removed from the average American. This HHS official took a different approach.
