OPM Announces New FEGLI Premiums
OPM has released the new premiums for the Federal Employees’ Group Life Insurance (FEGLI) categories. The new rates will be effective the first pay period beginning on or after January 1, 2012.
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.
OPM has released the new premiums for the Federal Employees’ Group Life Insurance (FEGLI) categories. The new rates will be effective the first pay period beginning on or after January 1, 2012.
GOP Presidential candidate Mitt Romney recently released his fiscal plan. Some of the cuts proposed would directly affect federal employees.
According to data recently released from the Federal Retirement Thrift Investment Board for August, approximately one in every five TSP participants has a loan outstanding against his or her account.
A recently published book aims to help federal employees understand the Thrift Savings Plan and how to better save for their retirement.
TSP participants will have more room to save for retirement with the annual contribution limits for the TSP increasing to $17,000 per year in 2012.
At the end of last week, House Oversight Committee Chairman Darrell Issa (R-CA) sent a letter to the Joint Select Committee on Deficit Reduction (the “super committee”) recommending that it adopt some specific cuts to the federal workforce.
Another pay freeze for federal employees has been recommended as a way to cut costs.
How much will your health insurance cost you in 2012? Check out the new rates and take a close look at your options before this year’s open season.
Stocks are down again in September as TSP investors head for the safety of the G and F funds.
These are some available discounts to government workers from various major companies.