All TSP funds were back in the black in August
Each of the portfolios in the federal government’s 401(k)-style retirement savings program gained value in August, marking the first time the program has achieved the feat since January.
FEDERAL
OPM Orders Removal of COVID-19 Vaccine Records from Federal Personnel Files
WASHINGTON, D.C. — Today, the U.S. Office of Personnel Management (OPM) issued new guidance directing all federal agencies to eliminate any record of a federal employeeʼs COVID-19 vaccination status, prior noncompliance with vaccine mandates, or requests for exemptions from such mandates.
OPM sees increase in federal retirement claims processing time
Federal employees submitting their retirement paperwork may have to wait longer to get their claims processed
OPM Tells Agencies to Allow ‘Religious Expression’ in Federal Workplace
OPM has told federal agencies that they are to “robustly” protect and enforce “each federal employee’s right to engage in religious expression in the federal workplace,” including through displays of religious items and, during work breaks, activities such as prayer and evangelizing—so long as it is not “harassing in nature.”
Social Security Administration Will Continue Sending Paper Checks, Reversing Course
The Social Security Administration (SSA) was expected to phase out the use of Treasury checks to pay benefits by September 30, 2025, and has now reversed course
Back Payments Following GPO-WEP Repeal Now Finished, SSA Says
As of July 7, 2025, we completed sending over 3.1 million payments, totaling $17 billion,” the SSA said
IRS Tells 525,000 Federal Employees to Pay Tax Bills, Or Else
Hundreds of thousands of current and retired federal employees recently received a new wave of IRS notices prompting urgent resolution of their outstanding tax liabilities
Top 10 Provisions in the Big Beautiful Bill of Interest to Federal Employees
Federal employees should be relieved to know that many of the detrimental proposals to federal employee benefits did not make it into the final bill
TSP Millionaire Count Hits Record High
The number of TSP account holders with at least $1 million in their accounts hit a record high of just above 171,000 at the end of June
New data on TSP withdrawals and social security sustainability for federal retirees
The Social Security Trust Fund is now projected to reach its tipping point in 2033. That means there won’t be enough money to pay current and future benefits at today’s rates. What might that mean for retiring federal employees as they consider when to draw social security and when to withdraw from their TSP accounts?