Category Archives: Federal Employee Benefits

Authority given to doc pay of former feds that owe money to TSP

Posted ago by brianw

A new regulation will allow the Federal Retirement Thrift Investment Board to order a non-federal employer to withhold up to 15 percent of a former federal employee’s disposable income to pay a delinquent debt to the Thrift  Savings Plan. Barring …

Guidance on FEHB and Insurance Exchanges

Posted ago by brianw

Guidance Issued on FEHB and Insurance Exchanges OPM has issued guidance reiterating that the start of the Affordable Care Act insurance exchange program—also known as Obamacare—in January will have little direct impact on the FEHB program. Those eligible for FEHB …

Changes for New FED EE’s starting after 12/31/12

Posted ago by brianw

Congress on Feb. 17 passed a bill to extend the payroll tax cut that includes a measure requiring new federal employees to pay more into their pensions. President Obama is expected to sign the bill. The bill, which passed 293-132 …

TSP Contributions for 2012

Posted ago by brianw

In 2012, you will be able to contribute up to $17,000 to your Thrift Savings Plan. That’s $500 more than what you can currently put in.

ROTH TSP OPTIONS

Posted ago by brianw

Plans to launch a Thrift Savings Plan Roth option are on schedule, the head of the Federal Retirement Thrift Investment Board said during a discussion on Federal News Radio. According to the report, FRTIB Executive Director Greg Long said that …

Early Distribution From Retirement Plan

Posted ago by brianw

Did you take an Early Distribution from Your Retirement Plan? Some taxpayers may have needed to take an early distribution from their retirement plan last year.  Here are ten facts about early distributions and how there can be a tax …

Posted ago by brianw

10 Biggest Mistakes Federal Employees Make When Planning for Retirement (and How to Avoid Them) While many federal employees will be eligible to retire in the next fifteen years, unfortunately some of them will discover they will be unable to retire at the time …