OPM has announced that the average premium for those covered under the Federal Employees Health Benefits (FEHB) Program will increase by 3.4% in 2013. The increase is lower than last year’s increase of 3.8%.
In a recent survey, we asked prospective retirees how confident they were in their savings and ability to retire. A majority reported being “very confident.”
The House of Representatives approved a $1.047 trillion stopgap spending bill on Thursday to avert a government shutdown. In accordance with a recent directive from President Obama, this means federal employees will have an extended pay freeze if it passes Congress.
As FedSmith.com celebrates its tenth anniversary, co-founder Ian Smith looks back at the company’s history.
Tully Rinckey PLLC announced last week that its founding partner, Mathew Tully, was awarded the Purple Heart on August 20th for wounds he sustained in a suicide bombing attempt while serving in Afghanistan. Mr. Tully is also a frequent author here on FedSmith.com.
According to recent data from the EBRI’s annual Retirement Confidence Survey, many workers do not have the confidence that they will have enough money to retire. When you consider the average savings rate being reported, it’s easy to see why.
OPM’s retirement processing report for August shows a slight increase in the actual number of claims received and a continued slow but steady reduction in the total backlog of claims.
Two recent Hatch Act violations serve as a reminder to federal employees about risks to their jobs during an election season. Some federal employees are even subject to violations outside of the office.
The Republican Party platform that was adopted Tuesday at the Republican National Convention in Tampa would cut the size of the federal workforce and adjust federal pay and benefits to “reflect those of the private sector.”
President Obama said Tuesday in a letter to Congress that he will use his authority to give federal employees a 0.5% pay raise in 2013, but only if Congress passes a budget.