2018 Cost-of-Living Adjustment Information for Federal Retirees

Today, the 2018 cost-of-living adjustment information for federal retirees was announced.

United States of America Department of Labor seal or logoToday, the Department of Labor announced cost-of-living-adjustment (COLA) information for federal benefits in 2018. CSRS and FERS annuitants will receive a 2% monthly increase starting with January 2018 benefit payments. Social Security beneficiaries will also see their monthly benefits rise by 2% in January. Continue reading “2018 Cost-of-Living Adjustment Information for Federal Retirees”

Establishment of an Emergency Leave Transfer Program for Hurricane Maria

HHS established an Emergency Leave Transfer Program for its employees adversely affected by Hurricane Harvey, Irma, and Maria.

U.S. Office of Personnel Management (OPM) logo and sealOPM has authorized agencies to establish an Emergency Leave Transfer Program (ELTP) for federal employees adversely affected by Hurricanes Harvey, Irma, and Maria. Under this program, a covered employee may donate annual leave that will be transferred to the same or other agencies. Continue reading “Establishment of an Emergency Leave Transfer Program for Hurricane Maria”

​Special TSP Hardship Withdrawal Rules for Employees ​Impacted by Hurricanes

Information on the relaxation of Thrift Savings Plan hardship withdrawal rules for individuals affected by Hurricanes Harvey, Irma, and Maria.

Thrift Savings Plan (TSP) logoThe Federal Retirement Thrift Investment Board (Board) which administers the Thrift Savings Plan (TSP) on behalf of federal employees, has announced special, temporary hardship withdrawal rules for TSP accounts, based upon guidance issued by the IRS, for individuals affected by recent hurricanes Harvey, Irma, and Maria. The specific information and detailed instructions from the Board are posted on the TSP’s web site at https://www.tsp.gov/whatsnew/Content/index.html.

​Given NTEU’s role as a member of the Board’s Employee Thrift Advisory Council, I want to be sure our members are aware of the TSP’s actions for these impacted individuals. ​