Tag: FEDERAL

The Office of Personnel Management now has over 50,000 applications still awaiting a finalized annuity

The Thrift Savings Plan will allow participants to convert traditional funds to Roth funds within their TSP account beginning Wednesday, Jan. 28.

In mid-January, the TSP will mail IRS Form 1099-R to participants who received a withdrawal and/or a taxed or foreclosed loan between January 1 and December 31, 2025

The U.S. Office of Personnel Management has extended the Combined Federal Campaign’s solicitation period until Saturday, Jan. 31, 2026.

The Office of Personnel Management is addressing what have become growing concerns in Congress over the significant delays in federal retirement processing this year.

The standard investment maximum investment limit for TSP investors is rising for 2026 from $23,500 to $24,500; that is the “elective deferral limit” applying in the TSP

House Democrats are pressing the Office of Personnel Management for answers on how the agency is addressing abnormally high volumes of federal retirement applications that are inundating the government’s processing systems.

The inventory of retirement applications pending at OPM grew in November to about 49,400 from the 34,600 in October, although the average processing time there decreased from 79 to 73 days, as use of the online portal OPM launched in the summer is starting to show some impact.

New retirees awaiting full benefits may face holiday heartache as the backlog swelled to nearly 50,000 by the end of November.

December kicks off with two red-letter days for the Combined Federal Campaign.

Starting in late January 2026, TSP participants and spousal beneficiaries will be able to convert money from a traditional balance to Roth within their TSP account.

However, nothing is more important to a comfortable retirement than a large TSP balance.