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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.
One thing that is not included in the FEHB plans is long term care insurance. The author offers considerations when exploring available options for covering a long term care event/illness as well as coverage options available to you.
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.
You finally got your wish and are being offered a financial incentive to retire early! Before you take it and run, you should logically think it through to determine if it makes sense looking at the Big Picture.
The Office of Personnel Management ended 2013 with an outstanding backlog of 12,637 retirement applications. Although this figure is high, it is 52% lower than last December, but the agency is predicting a sharp increase in the number of new applications in January.