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Monday Memo: Week of August 12th, 2024

Posted by: Anna Haber - 13/08/2024

Your TSP and the "Great Rotation" as S Fund Surges in July 

The "great rotation" among stocks in the Thrift Savings Plan (TSP) became evident in July. Here is how this rotation impacted TSP returns.

 

OPM's Retirement Backlog Continued to Creep Higher in July 

The Office of Personnel Management (OPM) processed nearly 500 fewer retirement requests than it received last month, causing its backlog to inch up for the second straight month.

 

Pair of Bills Would Slash Pay for Over a Million Federal Employees 

Two recently introduced bills target locality pay and retirement annuities for the majority of federal employees.

 

Making Your Case for Disability Retirement 

Federal employees may be eligible for disability retirement if they are so disabled by disease or injury that they're not able to provide "useful and efficient service" in their current grade or pay level. This article covers the certain criteria that feds must meet to qualify for disability retirement.

 

GAO Says FRTIB Botched New TSP Website Rollout 

In its highly anticipated investigative report, Government Accountability Office (GAO) said that the Federal Retirement Thrift Investment Board (FRTIB) failed to fully prepare for the 2022 TSP website rollout.