Changes to the TSP, the Latest on a Pay Raise, and More

Government Executive: The agency that administers the federal government’s 401(k)-style retirement savings program issued a rule Wednesday that would remove what officials call “duplicative” regulations on how court-ordered payments are taxed.

According to a document in the Federal Register, the Federal Retirement Thrift Investment Board, which administers the Thrift Savings Plan, will remove language outlining the federal income tax withholding rates for court order payments, like alimony and child support, from participants’ accounts, in 30 days, unless there are significant comments opposed to the change.

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