17 days agoFERS Provides Guidance on Early Retirement Consequences for Federal Employees
The Federal Employees Retirement System clarifies the implications of early retirement without VERA. Employees could face deferred retirement and loss of benefits, urging careful evaluation of retirement timing to maximize financial rewards.
26 days agoDOL Amicus Brief Reinforces Standards for Retirement Plan Litigation Risks
The U.S. Department of Labor supports clearer standards in retirement plan litigation with a recent amicus brief. This action is expected to mitigate litigation risks for retirement plan sponsors, allowing for more prudent investment practices under ERISA. Companies should review their compliance measures accordingly.
56 days agoTSP Mandates Roth-Only Catch-Up Contributions for High-Earning Federal Employees
Beginning in 2026, the Thrift Savings Plan (TSP) will require federal employees aged 50 and older making over $145,000 to contribute catch-up funds solely on a Roth basis. This regulatory change necessitates adaptations in payroll systems and retirement planning services, impacting procurement strategies for contractors in federal employee benefits management.