OPM Announces New FEGLI Premiums
As of January 1, 2016, premiums for many options and age brackets under the Federal Employees’ Group Life Insurance (FEGLI) program will change due to actuarial adjustments. Here is a breakdown of the new premiums.
Should the TSP Provide Investment Advice?
There are fresh hints that the Thrift Savings Plan is considering whether to offer investment advice to participants. But would investment advice within the TSP keep federal employees from rolling their accounts over to an IRA after they leave federal service, and who would pay the costs for the service?
New Limited Enrollment Period for Self Plus One In the FEHB
The Office of Personnel Management is providing a special enrollment period for federal employees who wish to change to the Self Plus One Option from the Self and Family option of the FEHB.
House Panel Advances Bill Making It Easier to Fire SES Employees
The House Oversight and Government Reform Committee advanced a bill this week that would streamline the process for removing members of the Senior Executive Service for misconduct.
Senators Demand IRS Stop Rehiring Fired Federal Employees
A group of Republican Senators have introduced legislation that would prevent the Internal Revenue Service from rehiring federal employees who were fired for poor conduct and performance.
Beyond the Numbers; Are You Ready to Retire?
Are you ready to retire? Many federal employees are now eligible for retirement, but still continue to work. The author goes over some important considerations federal workers should keep in mind as they ponder whether or not it is time to leave the workplace for good.
FEHB: Enrollment Options Following the Termination of a Plan or Plan Option
The Office of Personnel Management issued a Benefits Administration Letter today regarding a final rule that took effect on January 1 amending the Federal Employees Health Benefits (FEHB) Program regulations regarding enrollment options following the termination of a plan or plan option.
Expanding the Probationary Period For New Federal Employees
The National Active and Retired Federal Employees Association (NARFE) has asked the House of Representatives’ Oversight and Government Reform Committee to consider extending the probationary period covering new federal employees.
Five Myths about FERS Federal Disability Retirement
When your poor health begins to hinder your work performance, you need to prepare an exit strategy. For federal workers, applying for FERS federal disability retirement benefits may be a viable option. The author outlines five common myths federal employees should be aware of when seeking disability retirement benefits.
How to Get the Most Money From Your TSP Matching Contributions
Are you a highly compensated FERS employee who contributes the maximum to the TSP each year? Don’t risk losing any of the government’s matching contributions by maxing out your TSP before the end of the year.
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