Tag: Benefits

Long Term Care Premiums Set to Increase

By on April 19, 2016 in Pay & Benefits with 42 Comments
Long Term Care Premiums Set to Increase

The Office of Personnel Management recently announced that Federal Long Term Care Insurance Program (FLTCIP) rates will be increasing no later than the fall of this year.

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Is a Change to a 'High-Five' Calculation Likely to Happen?

By on March 30, 2016 in Pay & Benefits, Q&A, Retirement with 7 Comments

I’ve heard rumors that Congress will be changing how our retirement is computed by mandating a “high-five” calculation, rather than a high-three. Is this likely to happen and, if it does, what will it do to our pensions?

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What Should Your Surviving Spouse Do About Your Work-Related Benefits When You Die?

If you are the spouse of a federal employee who has passed away, what do you need to do with regards to the benefits? And if you are a federal employee, what should you do to make sure your spouse is prepared if you die? This is a list of steps to take should this unfortunate event take place.

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OPM Provides FAQ’s on Upcoming FEGLI Open Season

By on March 23, 2016 in Human Resources, Pay & Benefits with 4 Comments
OPM Provides FAQ’s on Upcoming FEGLI Open Season

The Office of Personnel Management has released some important questions and answers about the upcoming FEGLI open season later this year.

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What Happens To Your Benefits If You Die After You Retire?

By on March 17, 2016 in Pay & Benefits, Retirement with 13 Comments
What Happens To Your Benefits If You Die After You Retire?

No one lives forever, but you will leave survivors. Your federal employee benefits are valuable and can affect those that survive you. The author details what federal workers can expect to happen with regards to their benefits if they pass away after retiring from federal service.

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Can I Opt Out of FERS?

By on March 16, 2016 in Pay & Benefits, Q&A, Retirement with 56 Comments
Can I Opt Out of FERS?

Can I opt out or not contribute to the FERS-FRAE annuity system? I am a new employee and they are taking 4.4% of my paycheck for the annuity. I feel I can get a better return outside of the annuity.

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Recent Budget Proposal Omitted Cut to Federal Workers’ Compensation Benefits

By on March 10, 2016 in Pay & Benefits, Retirement with 18 Comments
Recent Budget Proposal Omitted Cut to Federal Workers’ Compensation Benefits

The big news for federal employees in the President’s recently released budget proposal was that it called for a 1.6% pay raise for the federal workforce, however, the author notes that there is a lesser known albeit important part of the budget that also affects federal workers.

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House Committee Wants to Ensure Federal Workers Are Being ‘Properly Compensated’

By on February 23, 2016 in Pay & Benefits with 26 Comments
House Committee Wants to Ensure Federal Workers Are Being ‘Properly Compensated’

What changes, if any, should be made to the federal employee compensation and benefits package or how federal pay is determined each year? A Congressional committee is asking OPM for detailed information on these topics.

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How is Your Annual Federal Pay Raise Determined and What is it Likely to Be Next Year?

By on February 10, 2016 in Pay & Benefits, Retirement with 52 Comments
How is Your Annual Federal Pay Raise Determined and What is it Likely to Be Next Year?

The Obama administration has recommended a 1.6% pay raise for federal workers in 2017. Does that mean this is a done deal and federal employees now know what their pay raise will be next year? Hardly. Here is a detailed look at how the political process surrounding how the federal workforce is paid is likely to play out in the coming months.

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The First Amendment and Public Employees: Supreme Court Reconsiders Limitations

The First Amendment and Public Employees: Supreme Court Reconsiders Limitations

Federal employees can join a union and pay dues, or they can decide not to join and save their money. Many public sector employees do not have this option. The Supreme Court takes another look at public employees and mandatory union fees. What impact will this case have on federal employees?

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