‘High Three’ to ‘High Five’

Government spending to recover from Hurricane Katrina means spending cuts will probably be necessary in other government programs. One possibility is changing the formula for calculating federal employee pension benefits.

OPM To Audit Health Care Costs

Costs of the FEHB continue to go up each year. The impact on retirees is significant and legislation is pending that may provide some relief. The long-term challenge to OPM will be to control costs and to balance benefits.