Mail handler Salary Increase is Effective November 25, 2017

  Mail handler Salary Increase is Effective November 25, 2017

NPMHU Contract Excerpt

The next Mail Handler salary increase is effective November 25, 2017. The increase is 1.3%. This is also the time when many of your fellow Mail Handlers increase their Thrift Savings Plan (TSP) contributions. Increasing your TSP contribution by 1% when your salary increases permits you to save for retirement without feeling the impact in your check. As an added bonus, TSP contributions are tax deferred which actually lowers your taxable income, unless you allocate your increase to a Roth contribution. Roth IRAs, however, are invested with after-tax income and grow tax-free. With the S&P 500 Total Return Year to Date Price Returns (Daily) of 17.45% for Nov. 13, 2017, that is a great investment. The 'C Fund' tracks the S&P 500.
Reference: NPMHU 317   https://federal-newsgroup.blogspot.com/2017/08/should-federal-employees-invest-in-roth.html