Tag: Benefits

Understanding and Getting the Most Out of FERS

Filed in Headline Archives, News by on January 22, 2014

FERS is a complex system and much depends on an individual’s status with the government when planning for what to expect upon retirement. The author offers a basic guide to help understand some of the key points of the FERS system.

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FEGLI Premiums in 2014

Filed in Headline Archives, News by on January 13, 2014

Upon receiving the leave and earnings statement for the first full pay-period of 2014, many employees will notice that their premiums for Federal Employees Group Life Insurance (FEGLI) have increased. The author offers some details on what you can expect.

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Retirement Myths: Can You Increase Your FEGLI Coverage — or Not?

Filed in Headline Archives, News by on January 9, 2014

You may be able to acquire more FEGLI coverage by providing medical evidence of insurability or by experiencing a “qualifying life event” (QLE).

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About That Christmas Eve Holiday…

Filed in Headline Archives, News by on December 23, 2013

Those who were hoping or planning for an extra day off on December 24th should just plan on coming to work that day or taking a day of annual leave instead.

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Postal Service Retirees, Medicare, and Implications for Other Federal Retirees

Filed in Headline Archives, News by on December 12, 2013

The Postal Service wants to put all retirees under Medicare in order to save billions of dollars. When this is considered by Congress, look out for a similar change proposed for the remainder of the federal workforce.

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Budget Agreement To Increase Pension Contributions for New Employees

Filed in News by on December 10, 2013

Pension contributions paid by federal civilian workers hired after January 1, 2014 would increase by 1.3% under the new budget agreement according to reports. It would also allow OPM to create a self-plus-one option in the federal employee health program.

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Sticking Point for Federal Budget: Federal Retirement Contributions

Filed in News by on December 5, 2013

A possible increase in federal employee retirement contributions has become a major sticking point in budget negotiations.

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Retirement Myths: The “Magic 85″ Formula

Filed in Headline Archives, News by on December 4, 2013

Can you become eligible to retire whenever your age and length of service add up to 85? The authors offer some details on this common retirement myth.

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