A federal appeals court has clarified the status of the FERS “special retirement supplement” in divorce cases, holding that that benefit is not to be divided between the spouses unless that is specifically required by the divorce order.
The simple target of what OPM is trying to do with retirement services, Kupor said, is to go paperless “as quickly as possible.”
Washington, DC — The US Office of Personnel Management (OPM) today announced two new online tools designed to make retirement services faster, and easier for federal retirees
Current and former federal employees affected by the massive 2015 Office of Personnel Management data breach may be losing their identity protection services in the coming year.
OPM said the average processing time was 76 days in September, up from 70 days in August and 59 days in July
Yet, with inflation above 2%, FERS retirees will have their COLAs capped, reducing the real value of their annuities. Inflation impacts these FERS retirees the same way as all other retirees, yet they are forced to accept a diet COLA
In the federal TSP program, one reason such funds were introduced was that many investors tended to sell stock holdings during down markets and not move the money back into those holdings until after a recovery was well under way
The TSP has proposed rules to carry out the previously announced authority beginning in calendar year 2026 for investors to convert money from traditional status to Roth status within their accounts.
The number of TSP account holders with balances of at least $1 million continued to climb in the calendar quarter ending September 30
OPM director Scott Kupor has expressed confidence that an administration initiative to address the long-recognized issue of delays in processing of federal retirement applications will succeed where others have failed