Waste in FEHB Program Could Be Costing $1 Billion Annually
A new GAO report says that payments made to ineligible family members under FEHB could be costing OPM as much as $1 billion every year.
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
A new GAO report says that payments made to ineligible family members under FEHB could be costing OPM as much as $1 billion every year.
Pay compression and the pay freeze now impact senior federal employees in 31 GS locality pay areas.
2022 TSP fund performance was dismal. One TSP stock fund was down 26%. What happened after the last significant yearly loss?
What is the value of joining a GS locality pay area? In this sample, one pay area had a 53% increase over the Rest of the U.S. in one step for a GS 12.
President Biden has issued an Executive Order finalizing the 2023 federal pay raise as well as the 2023 GS pay scale tables.
Here are the 2023 GS locality pay areas with the highest and lowest total pay increases for 2023.
Why is my city not included in a GS locality pay area? The cost of living is very high and this seems unfair.
Are federal contractors included in the 2023 federal pay raise?
Will Congress provide an additional amount for a 2023 federal pay raise? At this point, that is highly unlikely.
TSP performance in 2022 has been dismal going down to the last few days of December.