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Feb. 6 marked the deadline for federal workers to accept the U.S. Office of Personnel Management (OPM) and the Trump Administration's offer of a buyout. These buyouts, or the option of "deferred ...
UCFE claims should be filed in the state where the federal employee’s last official duty station was located. The amount you receive will be based on what you were earning and state maximums.
The so-called "catch-up" provision allows employees over the age of 50 to make additional contributions to their retirement plans over and above the normal limits. For workers who are already retired, the law raises the age for minimum required distributions (MRDs), directing the Treasury to revise its life expectancy tables and simplify MRD rules.
The law ushered in a new rule that provides extra catch-up contributions for employees aged 60 to 63. Those older workers can make additional 401(k) contributions of $11,250 in 2025 instead for a ...
The hiring freeze was issued as part of Donald Trump's "Day One" executive orders and presidential actions, many of which targeted federal employees. [1] Other related presidential actions included federal return-to-office mandate, reinstatement of Schedule F, plans to terminate federal DEI officers, and a buyout offer to all federal employees ...
The so-called “Deferred Resignation” program offers more than 2 million federal employees unwilling to comply with a return to office mandate about eight months of pay and benefits if they ...
Besides the immediately preceding test emails, it was the first-ever mass email to all two million federal civilian employees. [8] According to the memo, employees who accept the deferred resignation would be placed on administrative leave, retain all employment benefits, and be paid through September 30, 2025, but have no work duties. [10] [11]
Sen. Tim Kaine (D-Va.), whose state, like Van Hollen’s, is home to a huge number of federal employees, warned anyone inclined to accept the offer that Trump would “stiff you.”