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TSP portfolios end 2023 on a high note

The federal government’s 401(k)-style retirement savings program finished 2023 with a bang, as each of its portfolios increased in value last month and some funds posted more than 20% gains for the year.

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OPM’s new blog touts modernization while retirees wait for answers during the shutdown

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Despite the government’s historic shutdown, the new director’s blog posts do not address how recent retirees will be impacted by delays in retirement processing or with directions on how they should participate in the health benefits open season that will begin on Monday.
Federal News

Court Clarifies Status of Retirement Supplement in Divorce Cases

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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.
Postal News

Sens. Cruz, Hyde-Smith, Capito Introduce Bill to Restore Trust in the USPS

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 U.S. Sen. Ted Cruz (R-Texas), Cindy Hyde-Smith (R-Miss.), and Shelley Moore Capito (R-W. Va.) introduced the Upholding a Secure Postal System (USPS) Act to direct the U.S. Comptroller General to submit a report to Congress on nationwide mail theft trends and the security of postal property.
Postal News

Allen Park postal worker was stuck in machine for hours before firefighters found body

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Officials said the man’s wife called police to tell them that he hadn’t returned home from work. Firefighters went to the facility and found him stuck in the mail handling machine.
Postal News

Veterans Day is next week

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Veterans Day, a national holiday that honors people who have served in the armed forces, is Tuesday, Nov. 11.
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