How New Attendance Monitoring Policies Impact Federal Employees’ Retirement Planning
Recent guidance from the Office of Personnel Management (OPM) urges federal agencies to closely monitor on-site attendance for employees, especially those on telework or remote work agreements. While this shift aims to improve accountability, federal workers must also consider how workplace changes affect their long-term retirement planning.
At Internal Benefit Advisors (IBA), we help federal employees navigate Federal Retirement Planning to ensure financial security. With potential shifts in work arrangements, now is the time to reassess your retirement benefits, Thrift Savings Plan (TSP) allocations, and overall financial strategy.
Key Considerations for Federal Employees
- Telework Policies & Retirement Readiness
- Changes in work location could impact high-three salary calculations, a critical factor in FERS annuity benefits.
- Employees nearing retirement should verify how hybrid work schedules affect their pension calculations.
- Maximizing Your Thrift Savings Plan (TSP)
- With workplace transitions, ensure your TSP contributions align with your retirement goals.
- Consider increasing contributions if you’re saving less due to commuting costs.
- Federal Benefits Review
- Re-evaluate FEHB (Federal Employees Health Benefits), FEGLI (life insurance), and FERS to ensure they meet your needs.
- A Federal Benefits Specialist at IBA can help optimize your coverage.
Take Action Now
Proactive retirement planning ensures you’re prepared, regardless of workplace changes. Schedule a consultation with IBA to review your federal benefits and retirement strategy.
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References & Additional Resources
- OPM Guidance on Federal Workplace Policies
- TSP Contribution Limits & Strategies
- FERS Retirement Guide
What Our Clients Say
“IBA helped me restructure my TSP and FEHB plans before retirement—now I’m confident in my financial future!” – Mark T., Federal Employee
Ready to optimize your federal benefits? Schedule a consultation with IBA today.
