Premium Changes for FEGLI in 2016
FEGLI has changed premiums for current enrollees effective the first full pay period of 2016. The author describes the changes in costs that federal employees can expect to see next year.
Author: John Grobe
Can I Contribute to Both an IRA and the TSP?
A co-worker recently told me that I could contribute to both an IRA and the TSP. Is this true?
Funding Your Retirement Accounts in 2016
How much can you contribute to your IRA in 2016? Can you contribute to both your IRA and TSP accounts?
Is There an Extra Pay Period in 2016, and If So How Will It Affect My TSP Contributions?
I’ve heard that 2016 will have 27 pay periods. Is that true? If it is true, how will it affect my TSP contributions?
Which is Better to Put in Place for My Wife: Survivor Benefit or Guaranteed Life Insurance?
Do I take a full survivor benefit for my wife which I estimate will be $226.00 that is deducted from my monthly retirement, or do I take some kind of guaranteed life insurance that would guarantee her an income should I pass before her?
The FEHB Five Year Requirement and Your Spouse
In this follow up to his article on the FEHB and the five year requirement, FedSmith.com author John Grobe provides clarification based on questions he received from readers asking if the five year requirement also applies to a federal employee’s spouse.
OPM Announces Changes to Long Term Insurance for Opposite Sex Partners
Expanded eligibility has been announced for applying for coverage under the Federal Long Term Care Insurance Program (FLTCIP). The change will be effective on November 30th.
Medicare If You Work Past the Age of 65
An individual who reaches the age of 65 becomes eligible for Medicare. However, if at the time they become eligible for Medicare, they are working at a job that provides them with health insurance, they will not be subject to the 10% Medicare Part B late enrollment if they enroll in Medicare Part B later than age of 65, as long as they enroll within the eight months after they retire.
What Impact Does Unused Sick Leave Have on My Annuity?
I plan on retiring with 42 years and 7 months of service in Jan 2017. I will have accumulated 2500 hours of sick leave balance at time of retirement. I am in CSRS, so I was wondering what the increase in my annuity, expressed as a percentage, above the 80% value, would be due to credit for sick leave.
How is the FERS Supplement Calculated?
If I retire under FERS with 36 years of service prior to age 66 when I could receive the full Social Security amount, how is the supplement calculated or valued?
