For flexible spending accounts, federal employees have from July 1st to August 30th to change FSAFEDS elections; their annual contribution amount
OPM announced they will restore annual paid leave to feds responding to the pandemic, and will make the process easier than usual.
CARES Act Provisions for the TSP kick in for loans, increasing the maximum for loan amounts. Plus, Connolly tells President to back off the TSP’s I-Fund Change
The Cost-of-Living Adjustments, 2021 COLA: <1% Most Likely
STWS Advisor, Jennifer Meyer, updates Federal Employees of their Retirement Savings Plan, new Lifecycle Funds, May Returns, and TSP Board Member Announces Resignation
Federal Employees elect to enroll in FEGLI Options A, B, & C when first eligible, but adding it later can get tricky- Open Seasons, Physicals, & FEGLI Qualifying Life Events
STWS Advisor Jen Meyer updates Federal Employees on everything happening with the Thrift Savings Plan (TSP), including the CARES Act and the i-fund
TSP Provides Guidance on Implementation of CARES Act Withdrawals and TSP Loans Provisions- TSP Loans’ Maximum will Increase on June 22nd due to the CARES Act
The President aims to replace three TSP Board Members, hoping to stop I-Fund Investment Change that would include businesses in China.
Jennifer Meyer explains the status of TSP Loans and TSP Withdrawals as a result of the CARES Act.