OPM Hacked: What You Need To Know and What You Can Do

Last week, the U.S. Office of Personnel Management (OPM) announced that in April they found a data breach in their system from last year. OPM manages security clearances for most government agencies, as well as managing the Federal Civil Service. What Happened? According to OPM, the breach may have compromised the personal information of four […]

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The CSRS Voluntary Contribution Program

The CSRS Voluntary Contribution Program has been available to CSRS or CSRS Offset employees for many years. VCP can be a very useful option for the CSRS employee to significantly increase their retirement savings by allowing them to contribute up to 10% of their lifetime federal earnings to this account.  Unfortunately FERS employees or those who transferred to FERS from CSRS […]

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FEHB: So Many Options to Choose From

FEHB Open Season is Here The FEHB open season is upon us. Federal Employees and retirees have until December 8th to make changes to their health care coverage for the upcoming year. FEHB Covers Many and Has Many Choices According to OPM, the FEHB covers approximately 8.2 million people, and in 2015 there will be 257 different plans […]

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Federal Employees are Not Putting Enough Money into the TSP

The Head of Blackrock Speaks Larry Fink, the head of the company that manages all of the TSP funds (except the G fund), stated in the October meeting of the Federal Retirement Thrift Investment Board that he is concerned that Federal Employees are not putting enough money into the TSP. The government automatically contributes to your TSP account […]

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Service Computation Date: The Effect of Nonpay Status

Nonpay Status Who would have thought that you could still accrue time toward your federal benefits  while in nonpay status, without having to adjust your service computation date? Well, it turns out that you can. Various Service Computation Dates As we discussed in a previous article, there is no one-size-fits-all service computation date (SCD) for your […]

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CSRS Voluntary Contribution Program – The Additional Annuity Option

A Big Benefit With a Cinderella Story While the CSRS Voluntary Contribution Program (VCP) can be a great benefit for CSRS employees, it is often given far less attention than the CSRS retirement annuity and the FEHB plan. However, the VCP offers great options like the opportunity to supercharge a Roth IRA account or have a second […]

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A Blast From The Past: Federal Employee Retirement Benefits

Focusing on Federal Employee Retirement Benefits Have you ever experienced one of those moments in life where you find yourself sucker-punched by reality? I don’t mean a gentle love tap, either. I’m talking about a knockout punch from Mike Tyson.  It happened to me the other day and it made me realize something that’s slipped […]

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TSP Rollovers: A Scandal in the Making?

TSP Rollovers Make Bad Press Lately, there has been a splash of negative articles about feds choosing to roll their TSP accounts over to IRA’s. 45% of federal retirees take their money out of the TSP, causing a reduction of about $10 billion per year from  the $420 billion it currently holds. So What’s All […]

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Reviewing Your SF-50 (with an infographic)

Your SF-50 may be the most important document you have when it comes to your federal benefits. The information on its pages has the power to affect your retirement date, vacation and sick leave accrual, pension vesting, and more. It pays to make sure the information is accurate and complete. We’ve come up with a […]

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Trust But Verify

For many long-term Federal Employees, the dream of retirement becomes tangible after reaching 20 or 25 years of creditable service, usually around age 50 or 55. By then, you may even start counting the days until your retirement date. Looking forward to retirement doesn’t have to mean you stop enjoying your work and the many friends […]

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