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High-Three Average Salary Calculation for Federal Employees

01/10/2024
“Federal employees who retire from federal service will receive a guaranteed pension in the form of a monthly annuity that is calculated using a “high three” average salary. Federal employees who meet the requirements to retire from federal service will ... Read More

The 2024 Pay Raise for Feds [The Fed15 Podcast]

01/09/2024
The best articles and podcasts of the past year. Did you know you can use untouched 529 funds into a Roth IRA? Learn what article topic made Katelyn and Dan sad… and what federal benefit is the most “stealthy.” Why ... Read More

2024 GSA Gas Reimbursement Rates Recently Released

01/08/2024
For feds who use privately owned vehicles, some reimbursement rates rose while others dipped depending on the vehicle A look at the Lodging plus M&IE rates that were set for the fiscal year 2024 back in August Other rates that ... Read More

Could Government Shutdown Impact the 2024 Federal Pay Raise?

01/04/2024
The White House signed an executive order in December, making the 2024 pay raise 5.2%. Government shutdown is looming if Congress doesn’t act this month. If shutdown does hit and cause furloughs – would 2024 pay raise be retroactively changed? ... Read More

The Fed15 Podcast: The First Year of Federal Retirement

01/02/2024
The first podcast of the new year! Dan and Katelyn discuss their resolutions. Then, Dan goes into depth about the importance of a TSP beneficiary designation. Katelyn discusses what feds can expect during the first year after retiring from the ... Read More

The Fed15 Podcast: OPM Retirement Services Backlog

12/26/2023
OPM backlog – what the status on the modernization efforts? FERS Disability retirement vs. Social Security Disability Insurance. The Fed15 Podcast (Ep. 27): OPM Retirement Services Backlog Katelyn’s brother is a high school football state champ! Go Bulldogs! Also this ... Read More

2024 Federal Pay Raise Update: Biden Makes 5.2% Official

12/26/2023
Executive order finalizes long expected 5.2% pay raise for federal employees Congress approved 5.2% for military personnel and the DoD earlier this month 5.2% is an average pay raise when factoring in locality pay President Joe Biden made the 5.2% ... Read More

What to Expect in the First Year of Retirement from Federal Service

12/20/2023
Taking a glance at the first year of your federal retirement. What happens in the first four weeks after you’ve officially retired? Six month to nine months after retiring, we explain what to be aware of. At the end of ... Read More
Inspector General at OPM Retirement Services ; image: pile of paper documents

OPM Retirement Services: Inspector General Report & Key Issues

12/13/2023
OPM Inspector General Highlights Need for Retirement Services Improvement The paper-based process that OPM has used since the 1970s at Iron Mountain has been criticized since the early 2000s for being dated. But the fact that retiring from the federal ... Read More
Inspector General at OPM Retirement Services ; image: pile of paper documents

Inspector General at OPM says Retirement Services Needs Improvement

12/13/2023
OPM IG released report saying retirement services division still needs to improve Cases with no errors take significant less time to process Backlog of pending retirement packets reaches lowest point since 2017 The paper-based process that OPM has used since ... Read More