President Gives Feds Another Holiday in 2008
President Bush has issued an Order giving federal employees an extra holiday this year: December 26, 2008.
Federal Employee Pay News
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.
Federal Employees Get Belated Enrollment Opportunity
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.
Christmas Holidays, Federal Employees, Atheists and Lawsuits
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?
As the Market Drops, Expect Doomsday Scenarios and Transferring to Safety of the G Fund
Federal employees are fleeing to the G Fund amidst the ongoing historic bear market.
Pay, COLAs and Your 2009 Paycheck
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.
Pay Raise? What Pay Raise? Why Some Will See a Decrease in Income in 2009
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.
The Stock Market Goes Up and Down: Who Knew? Will We Follow the Swedish Model?
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.
Has Your TSP Hit Bottom Yet?
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?
2009 Health Insurance Rates: How Much Will Your Rate Change?
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.
TSP Stock Funds Drop Again: Get a Grip and Put the Current Market in Perspective
Your TSP funds have probably taken a dramatic hit. Put the situation in perspective before hitting the panic button and making decisions you may regret later.
