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Monday Memo: Week of August 26th, 2024

01/09/2024
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Comparing the 2025 COLA to the 2025 Federal Pay Raise: 2.57% in 2025?  It is the time of year when federal employees and retirees start thinking about the COLA and annual pay raise. What are the likely figures for 2025?   Soon Feds May Be Able to File Health Insurance Claims Online  A new Biden administration initiative to crack down on "unnecessary headaches" for consumers will include plans for employees on the Federal Employees Health Benefits (FEHB) and Postal Service H...

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Monday Memo: Week of August 19th, 2024

20/08/2024
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Comparing the 2025 COLA to the 2025 Federal Pay Raise: 2.57% in 2025?  It is the time of year when federal employees and retirees start thinking about the COLA and annual pay raise. What are the likely figures for 2025? Soon Feds May Be Able to File Health Insurance Claims Online  A new Biden administration initiative to crack down on "unnecessary headaches" for consumers will include plans for employees on the Federal Employees Health Benefits (FEHB) and Postal Service Health Be...

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Monday Memo: Week of August 12th, 2024

13/08/2024
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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...

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Monday Memo: Week of August 5th, 2024

07/08/2024
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Bill Would Boost Paid Leave for Some Federal Employees  A new bill would give federal employees who are military reserve servicemembers additional paid annual leave.   Senate Appropriators Endorse 2% Pay Raise for Feds Next Year With neither chamber in Congress willing to override President Biden, his plan to increase federal workers' pay by 2% on average appears headed for implementation later this year.   3% Federal Pay Raise in 2026?  Is it too early for federal employe...

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Monday Memo: Week of July 29, 2024

30/07/2024
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TSP Launching New L Fund  Federal employees will soon have a new Thrift Savings Plan (TSP) fund in which to invest: the L 2070 Fund. Designating Benefits of Federal Benefits  Those approaching retirement should be sure to review these forms to be sure that they reflect the individual's current wishes. OPM Finalizes Rule to Ensure Temporarily Promoted Feds are Paid Properly  A two-decades old Office of Personnel Management (OPM) advisory opinion capping increased pay for federal...

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Monday Memo: Week of July 22, 2024

24/07/2024
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OPM Directs Agencies to Advance Pay Equity for Federal Employees  The Office of Personnel Management (OPM) is directing agencies to conduct independent pay gap analyzes to advance pay equity throughout the federal workforce. Capturing Credit Toward a Federal Annuity for Military Service  One of the least understood aspects of federal retirement policy involves capturing credit for military service after 1956. Administrative Law Judge Union to Push for Expanded Annual Carryover Leave...

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