Obama Initiates the Process of Offering Pay Raise to Federal Employees
President Barack Obama has exercised his authority and offered a 1.6% pay raise to federal employees that will be effective on January 1, 2017.
Posts By Public Sector Retirement
OPM Starts Assessing Pay Grades of Federal Employees
Assessment of federal employees’ pay grades has already begun at OPM. The review will consider locality and other pay grades that have been adjusted to higher levels
Know the Actual Value of a FERS and TSP Annuity
Researchers have revealed that only .5 percent of all the officers have over a million dollars in their TSP accounts.
OPM Urged to Create a Separate Office for Veterans
US Senator Heidi Heitkamp has recently expressed her desire to have a separate OPM office to help the disabled veterans to get suitable jobs.
Federal Retirement Benefits Continue to Beat the Private Sector Plans
A recent examination conducted by the Urban Institute has revealed that the defined benefit retirement programs have gained popularity when compared to the private sector plans. The investments made by federal employees in the federal retirement benefits have also increased.
TSP Board to Develop Best Cybersecurity and Risk Management Procedures
The TSP Board is working hard to ensure that cyber attacks and risk factors are totally removed. It’s taking inspiration from the private sector too.
The Importance of Proper Retirement Account Funding Strategies
If you’re someone who may need to rely on Social Security for your future retirement income, you may want to consider alternative saving methods.
Is an Individual Retirement Account better than the Thrift Saving Plan?
One of the toughest financial decisions a retired individual or an individual who is about to retire faces is to whether he or she should keep his or her retirement savings in the Thrift Savings Plan (TSP) or should he or she transfer it to the IRA.
New Federal Budget Will Be Good For Federal Retirement Savings
President Obama has always been one for focusing on federal retirement savings and recent news arriving from the White House indicate that the President will focus on the same matter in the coming budget as well. It’s expected that some new proposals will be put forward that will aid in the expansion of the access to retirement savings accountsRead… Read more »
2017 Federal Budget Proposal:1.6% Federal Employee Pay Raise
The newly-released President Barrack Obama’s Administration’s Fiscal Year 2017 Federal Budget Proposal includes the 1.6% federal employee pay raise and six weeks of fully paid parental leave for federal employees, among others.