News for the Federal Employee, Federal Retiree, Military, and Postal Employee. Find updates on COLA's, pay, federal crime,pay raises, retirement living, and federal benefits, and simply the best resource for government workers and government sub-contracrtors ...we define postal employees as being Federal Employees ...and we appreciate your service to our country.
Article Title:
Snippet of Article: "...Following a multi-year effort led by U.S. Senator Marco Rubio (R-FL), the Federal Retirement Thrift Investment Board (FRTIB) finally acknowledged that the risk of directing retirement funds of federal employees into Chinese companies far outweighs the benefits. ..."
Article Title: How tax reform could sting your retirement income
Snippet of Article: "...among the tax reform proposals currently being discussed is one that would convert part or all of workers' tax-deferred 401(k) contributions to Roth 401(k) contributions, which are made after taxes have been removed. That could significantly increase the federal income taxes that middle-income workers would pay throughout their lives. And it could reduce the amount of money they could spend throughout their lives after paying taxes.
A typical older middle-income worker could lose $500 per year..."
Article Title: How does LWOP affect me?
Snippet of Article: "...An aggregate nonpay status of 6 months in any calendar year is creditable service. Coverage continues at no cost to the employee while in a nonpay status. When employees are in a nonpay status for only..."
Article Title: Federal workers to be surveyed about benefits
Snippet of Article: "...a survey that in the past has shown that they most highly value their retirement and health insurance programs and in general think those programs meet their needs and provide good value...."
Article Title: House panel OKs higher federal employee contributions
Snippet of Article: "...Federal employees would contribute an additional 5% of their salary to their defined benefit pension plans under a bill approved Thursday by the House Oversight and Government Reform Committee...."
Article Title: Federal pensions next on budget chopping block?
Snippet of Article: "...Some retirement funds at the state and local levels are having solvency problems. That's not the case in the federal sector, Shoop said.
"These retirement funds are well-established and in no fiscal difficulty..."
