GAO – Improper Payments: Information on Agencies’ Fiscal Year 2024 Estimates
For fiscal year 2024, 16 agencies reported a total estimated $162 billion in improper payments across 68 programs.
Retirees impacted by WEP and GPO to receive retroactive payments sooner than expected
Social Security beneficiaries impacted by the Windfall Elimination Provision and the Government Pension Offset may begin receiving their one-time retroactive payments as soon as this week.
Senate Dem reintroduces Equal COLA Act, and more
The Equal COLA Act (S. 624) would stipulate that enrollees in both the Civil Service Retirement System and the Federal Employees Retirement System receive the same cost-of-living increase each year
Senators Want Social Security Fairness Act Implemented ‘Immediately’
The Social Security Fairness Act should be implemented “immediately” according to a Feb. 6 letter from 28 senators to the acting commissioner of the Social Security Administration.
Social Security Fairness Act Benefit Increases Could Take a Year
The Social Security Administration said Friday that under its current budget, it could take more than a year to adjust benefits and pay all retroactive benefits under the Social Security…
Bill Reintroduced to Improve COLAs for FERS Retirees
On January 16, Representative Gerry Connolly, D-VA-11, reintroduced the Equal COLA Act, H.R. 491, to provide Federal Employees Retiree System (FERS) employees full cost-of-living adjustments (COLAs) to their federal annuities.
TSP January processing schedule
In mid-January, the TSP will mail IRS Form 1099-R, Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., to participants who received a withdrawal and/or a taxed…
President Biden is scheduled to sign H.R. 82 into law on Monday, January 6, 2025
This landmark legislation represents a significant victory for public safety officers and government employees, as it repeals the unfair Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) in the…
Mail truck fire – Torrington, CT
Another mail truck fire, this one in CT. Happened on this past Sunday and no injuries to the carrier
TSP will continue its normal daily operations in the event of a lapse in appropriations (government shutdown)
TSP will continue its normal daily operations in the event of a lapse in appropriations.