If it impacts pay and benefits for federal employees, you’ll find it here. Topics include TSP, FEHB, or 2023 federal pay raise, 2023 GS locality pay, 2023 GS pay scale, OPM and GS pay news.
Changes to the most popular health insurance plan for federal employees has raised concerns in Congress and led to an extension of the “open season” for enrolling in the FEHB for 2009. Changes have now been made to the 2009 plan that will benefit federal employees using this plan. Here is a summary of the changes.
President Bush has issued an Order giving federal employees an extra holiday this year: December 26, 2008.
It has been a confusing year for health insurance benefits during this year’s open season. As a result of concerns in Congress and in the media about the changes, OPM has taken several unusual steps with regard to this year’s program. Here is what some of these changes may mean for you.
If email from our readers is a reliable guide, a burning question on the minds of many is “will President Bush give us an extra holiday on December 26th?” But what about the separation of church and state? Should federal employees get the day off to celebrate a religious holiday?
Federal employees are fleeing to the G Fund amidst the ongoing historic bear market.
COLA’s and pay raises are of interest to virtually all of our readers. There is also confusion about who gets what increase. Here is a brief explanation of the 2009 COLA and the 2009 federal employee pay raise–and why you do not get both a pay raise and a COLA.
The average federal pay raise under the GS schedule in 2009 will be 3.9%. Some federal employees will get a much smaller increase–or none at all.
An argument that risk can and should be avoided with retirement funds by removing money from the private sector and investing in government bonds (similar to the G fund) may gain popularity in the next Congress.
The ideal time to transfer money from the G fund and back into the TSP stock funds is when the market reaches a bottom and is about to start heading back up. Have we reached that point with the current stock market?
You may know that the “average” rate increase for the Federal Employees Health Benefits Plan is going up 8%. That may not be relevant to your plan. Here is more information on how much of a change there may be in your health benefits costs next year.
