Insights and news on your Federal employee benefits
In this week’s Federal benefits news, there are lots of numbers. We hear that retirees will receive a 2% raise next year, locate the 6 agencies where employee happiness has improved the most, learn 5 things to do to prepare for Open Season, and finish with my 9 ways to avoid an early withdrawal penalty on your TSP. Fire up your calculator, and let’s get started.
Most Federal employees that I talk with during benefits briefings are aware that their spouse has a right to receive a survivor annuity from their pension after they’ve passed away. This is a very valuable benefit which most Feds choose to accept at the time they retire. But fewer know that their spouses also have rights to the money in their Thrift Savings Plan (TSP) account. Let’s clarify your spouse’s rights to the money in your TSP.
