Retirement reminder: TSP catch-up deadline approaching

The Postal Service is reminding employees that the deadline to make Thrift Savings Plan (TSP) catch-up contributions effective for the first pay period of 2017 is Jan. 4 at 4 p.m. EST. There is no open season for TSP. Employees can make or change TSP elections at any time during the year. In 2017, employees…

 Continue reading

USPS: Online accounts help retirement planning

The Social Security Administration is encouraging federal employees to set up free online accounts to view and manage their Social Security records. The secure accounts provide estimates for future benefits and show how much you’ll need from other sources, such as a Thrift Savings Plan, to meet your retirement goals. Each account also allows you…

 Continue reading

House passes budget without federal benefit cuts

By Andy Medici – May 1, 2015 Civilian agencies would see their budgets slashed while the Defense Department would get billions of dollars in additional funding, under a budget proposal passed by the House April 30. The House voted 226 to 197 to pass the budget, with all Democrats and 12 Republicans voting in opposition….

 Continue reading

Fun Fact: Federal employees own $1 trillion of U.S. debt

By Andy Medici – April 6, 2015 If federal employees were a foreign country they would rank only behind China and Japan as holders of U.S. Treasury securities, according to federal data. The Civil Service Retirement System and the Federal Employee Retirement System hold a combined 837 billion in Treasury securities, and the Thrift Savings…

 Continue reading

USPS: Thrift Savings Plan – the 3Rs to maintain your retirement goals

(3/13/15) If you’re planning your retirement, the Postal Service encourages you to remember the 3 Rs — review, rethink and remain. Review. If you haven’t taken a good look at your Thrift Savings Plan (TSP) retirement account recently, now is a good time to review it. You should also review your TSP account throughout the…

 Continue reading

(VIDEO) How to Avoid Costly Mistakes Filling Out Your TSP Forms

The board that administers the Thrift Savings Plan has some simple but important advice for successfully submitting forms to make changes to TSP accounts. In a new YouTube video, the TSP board offers five tips to help federal employees complete TSP requests, including those for withdrawals, and to do so correctly, “the first time.” That…

 Continue reading