Beware of the Income Tax Consequences When Transferring a Traditional TSP Account to a Roth IRA. Edward A. Zurndorfer – Federal employees who are 59.5 and over and federal retirees are eligible to make withdrawals from their Thrift Savings Plan ... Read More

A quick look at the rules and restrictions surround hazard pay for the federal workforce. This article is for feds who are paid by the General Schedule (GS), not those who are paid under the wage system, although they do ... Read More

The 48th weekly quiz focuses on recent TSP performance, taxation of FERS and CSRS, and budgetary talks in Congress. Take Our Other Quizzes: Quiz #47 Quiz #46 Quiz #45 [ays_quiz id=”48″] You Might Also Enjoy This Podcast: FedLife Podcast: Top ... Read More

The White House’s proposed budget for 2024 was released last week, recommending a 5.2% pay raise for federal employees. On Thursday, March 9th, the Biden administration released its recommended budget for the fiscal year 2024, which included a suggested pay ... Read More

The administration is expected to publish its recommended budget around mid-March. Contained in the publication, we can anticipate to find what the President wishes the following year’s annual pay raise for Feds should be. While Democrats in Congress have already ... Read More

The Thrift Savings Plan (TSP) released a bulletin about forms they will no longer accept. At the start of this month, the TSP sent out a release that announced several old forms for managing TSP accounts are officially obsolete. A ... 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

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 end of the year is when a lot of feds decide to retire. Here’s a quick checklist about the process for submitting a retirement application. What can federal employees expect from the retirement application process for both FERS and ... Read More

The backlog of pending retirement claims in OPM’s inventory hit its lowest point of the year – but the end-of-year surge is looming. There is typical pattern that repeats when it comes to federal retirement claims that are pending in ... Read More