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Refunded Contributions and Deposits for Non-Deduction Service

08/08/2023
For FERS and CSRS – A glance at making deposits for temporary and military service, plus redeposits of refunded contributions. When a federal employee is planning their retirement, it is important for them to remember that they might be able ... Read More
survivor benefits ; image: an empty lonely bench

Federal Survivor Benefits: Key Facts Every Employee Should Know

07/28/2023
Essential Facts About Federal Survivor Benefits Welcome to part nine of our series of “listicles.” We’ll be going over 5 key points to remember for several areas of retirement planning and employee benefits for members of the Federal Workforce. The ... Read More
survivor benefits ; image: an empty lonely bench

Five Important Facts for Feds to Remember About Survivor Benefits

07/28/2023
What federal employees need to know about what happens to their benefits after death. Welcome to part nine of our series of “listicles.” We’ll be going over 5 key points to remember for several areas of retirement planning and employee ... Read More
OPM Backlog

Senator Writes OPM Regarding Backlog of Retirement Claims

07/25/2023
A recent letter penned by Oklahoman Senator calls OPM backlog “unacceptable” even as pending retirement claims dwindle to the lowest point in over 5 years. Senator Lankford from Oklahoma wrote a letter to OPM director Ahuja earlier this month. In ... Read More

2024 Federal Pay Raise Update: Likelihood of 5.2% Increases

07/24/2023
Recent spending bill indicates 5.2% annual raise for federal employees. Plus other pieces of legislation might give Patrol Officers at the Bureau of Customs and Border Protection a 14% pay bump. News that affects pay for federal workers is stirring in ... Read More

FERS COLA 2024 Update

07/18/2023
Will next year’s COLA end up being less than 2%? Currently, that appears more likely than anything near last year’s 8.7% adjustment. The latest data to come out of the Bureau of Labor Statistic (BLS) shows inflation is slowing its ... Read More

The Fed15 Podcast: Outlook for 2024 Federal Pay Raise and COLA

07/12/2023
This episode is about the latest projections for the 2024 federal pay raise and COLA for FERS, CSRS, and Social Security The Fed15 Podcast (Ep. 07): Outlook for 2024 Federal Pay Raise and COLA Recent congressional budget measure ties telework ... Read More

2024 Federal Pay Raise

06/27/2023
A recent bill to come out of a House subcommittee seems to support Biden’s recommendation of 5.2% for next year’s raise, but also looks to slash telework options and limit TSP choices. Coming out of the Financial Services and General ... Read More

2024 COLA for FERS, CSRS, & Social Security: Recent Forecast Says 2.7%

06/26/2023
The latest estimates for next year’s COLA dropped from last month’s forecast of 3.1% to 2.7% The Senior Citizens League produces a monthly estimate based off updated inflation data for the upcoming year’s cost-of-living adjustment (COLA) for recipients of social ... Read More

OPM’s Recent Attempt at Modernizing Retirement Services

05/25/2023
A look at the Chief Information Officer (CIO) of OPM’s plan to tackle the long-overdue issue of digitizing retirement services. When a federal employee applies for retirement, it requires mailing a paper packet to the OPM facility at Iron Mountain ... Read More