Marco Rubio has been against TSP investing in China for the past 3 years – and his efforts continued by proposing legislation. Back in 2020, the Federal Retirement Thrift Investment Board (FRTIB) was set to switch the market index that ... Read More

The SMART Act seeks to handle the issue of excess properties owned by the government, and to repair what properties are in use. At the end of December, the Senate passed a bill to address the many issues involved with ... Read More

According to the GAO, ineligible family members covered by the Federal Employee Health Benefits (FEHB) Program could be costing the government $1 billion every year. Two Republican Senators, Rick Scott of FL and Ron Johnson of WI, asked the Government ... Read More

Federal Government Employees – a quiz on the news that impacted your benefits and retirement at the end of January 2023. Try These Quizzes: Quiz 41 Quiz 40 Quiz 39 [ays_quiz id=”42″] News for US Government Employees

In December 2022, Congress passed the SECURE Act 2.0, which might modify retirement plans like 401(k)s, IRAs, and Thrift Savings Plan (TSP).  FedLife Podcast (ep. 90): What You Need to Know About SECURE Act 2.0 In this episode, Ed Zurndorfer ... Read More

An 8.7% raise for the US Federal Workforce? Speculation over next year’s pay raise has begun! Since 2016, the FAIR act has started the process for determining the pay increase for feds. The 2017 pay raise was ultimately decided by ... Read More

The Secretary of the Treasury has suspended investments in three federal employee benefit funds – including the TSP’s G-Fund. On Thursday, January 19th, the country’s debt ceiling was breached. In order to keep the government current on its debt obligations, ... Read More

SECURE Act 2.0 Passage Allows for Enhanced Retirement Savings: Increase in RMD Age from 72 to 73 Effective 1/1/2023 and Then to Age 75 Effective 1/1/2033. Edward A. Zurndorfer SECURE Act 2.0 measure, past into law on December 30,2022 as ... Read More

Take our latest weekly quiz – on retirement accounts for feds! Try These Quizzes Next: Quiz 38 Quiz 37 Quiz 36 [ays_quiz id=”39″] Retirement Account for Federal Employees Quiz

Beginning with the 2024 tax-year, RMDs from Roth accounts in employer-based plans will no longer be required. RMDs are already not needed from Roth IRAs. For employers that offer their workers a defined contribution plan, like a 401(k) or the ... Read More