TSP portfolios rebounded in November
Each of the portfolios in the federal government’s 401(k)-style retirement savings finished November in the black, snapping a three-month streak in which most Thrift Savings Plan funds lost value.
Guidance spells out when and how feds can discuss the Israel-Hamas war
Federal employees can discuss the Israel-Hamas war in the workplace and can even express their opinions on it, according to new guidance from the independent agency that oversees the law…
Bipartisan consensus elusive on government retirees’ benefits
There are renewed signs of life for congressional efforts to overhaul a pair of much-maligned Social Security policies that cut some public workers’ retirement benefits. But in a year of…
Congress Once Again Eyes WEP, GPO Repeal
There’s a renewed push to restore full Social Security benefits to two million retirees, by passing the Social Security Fairness Act of 2023 (H.R. 82/S. 597).
2024 TSP Contribution Limits
These limits define the contributions that can be made to defined contribution accounts like the Thrift Savings Plan (TSP) for the calendar year. Please note, this is a personal limit…
Open Season and tax savings
This is the first week of the open season period, but Dec. 11 will be here before you know it and Thanksgiving officially starts the busy holiday season. What are…
TSP board OKs new international fund index, this time without China
The agency responsible for administering the federal government’s 401(k)-style retirement savings program announced Tuesday that next year, the Thrift Savings Plan will transition its portfolio of international investments to a…
Flexible Spending Account contribution limits to increase in 2024
The IRS recently announced that Flexible Spending Account contribution limits are increasing from $3,050 to $3,200 in 2024. Here, a primer on how FSAs work and why they are an essential way to…
Federal Retirement Thrift Investment Board approves a new benchmark index for the I Fund
The Board selected the MSCI All Country World ex USA ex China ex Hong Kong Investable Market Index (MSCI ACWI IMI ex USA ex China ex Hong Kong Index) as…
Graves Calls for Congressional Hearing on WEP/GPO Penalty Reform
WASHINGTON, DC – U.S. Congressman Garret Graves led a formal request signed by 100 Members of Congress requesting that the House Ways and Means Committee hold a hearing on H.R. 82 –…