Pay & Benefits
Survivor Benefit confusion: part two
What about insurance instead of a survivor benefit election?
Pay & Benefits
Court sides with Biden administration in dismissing federal employee union’s effort to eradicate debt default threat
Federal workers do not have standing after Congress narrowly avoided forcing them to work without immediate pay, judge rules.
Pay & Benefits
Pay Agent: Locality pay increases, when implemented, need to be calculated specifically to job skills
But annual pay adjustments by profession is a long-running organizational idea that has been too difficult to actually implement, one expert says.
Pay & Benefits
Survivor Benefit confusion: part one
Choosing a survivor benefit should be a very simple decision, but often it can be complicated.
Pay & Benefits
COLA adjustments will slim for federal retirees in 2024
The annual announcement that some retired federal workers will receive a 3.2% increase in their annuity payments, while others will get only a 2.2% boost, has revived calls to standardize annual adjustments across retirement systems.
Pay & Benefits
Bureau of Prisons employees welcome their raise, unions embrace the shutdown pause, and OPM urges an early start on Open Season
Pay and benefits updates you may have missed.
Pay & Benefits
President’s Pay Agent OKs another tweak to locality pay areas
The counties of Clallam and Jefferson in Washington state could be included in the Seattle-Tacoma locality pay area as early as 2025.
Pay & Benefits
The federal retirement backlog just hit another recent record low
The Office of Personnel Management’s inventory of pending retirement claims from former federal workers reached its lowest level since 2017 for the second time this year.
Pay & Benefits
World Investor Week: Learn more and protect yourself
The global campaign promoted by the International Organization of Securities Commissions aims to raise awareness about the importance of investor education and protection.
Pay & Benefits
A closer look at 2024 Federal Employee Health Benefits premiums
Wondering how the increase might impact your FEHB plan choice? We’ll walk you through it.
Pay & Benefits
The federal firefighter ‘pay cliff’ has been averted, for now
The 45-day continuing resolution preventing a government shutdown also includes language ensuring federal firefighters don’t lose access to recent pay increases whose funding was expected to run out this month.
Pay & Benefits
Report reveals differing federal employee insurance withholding information between USDA, OPM
An OIG audit found differences of federal employee withholding reporting between the two agencies, leading to several employees being charged incorrect life insurance amounts and another wrongly waived from coverage.
Pay & Benefits
TSP funds continued to fall in September
For the second straight month, the vast majority of the portfolios in the federal government’s 401(k)-style retirement savings program declined in value.
Pay & Benefits
Federal payroll processor: Oct. 11 is deadline to avert feds’ getting incomplete paychecks
If Congress fails to restore funding to federal agencies, most federal workers will only receive a partial paycheck on Oct. 13.
Pay & Benefits
How to Deal with the Latest Long Term Care Rate Hikes
You can keep premiums under control, but it means reducing benefits.
Pay & Benefits
Federal workers will pay 7.7% more towards health insurance premiums in 2024
Next year, the Federal Employee Health Benefits Program will feature new coverage of anti-obesity medication, as well as expanded access to mental health, assistive reproductive technology and gender-affirming care.
Pay & Benefits
Long term care insurance: Sharp hike in premiums for feds means enrollees face tough choices
Experts say although long term care is in the cards for most older Americans, an upcoming spike in LTC insurance premiums for feds who are enrolled is just part of a pattern that will remain unbroken until Congress and policymakers act on the neglected—but vital—broader issue of long term care and accompanying costs that will affect a majority of federal families. The program remains closed to new applicants.
Pay & Benefits
Odds of a fix for impending wildland firefighter ‘pay cliff’ improve, but complications remain
Union officials say they’ve received assurances from leadership in both the House and Senate that Congress will work to avert massive pay cuts that could kick in next month.
Pay & Benefits
Best Dates to Retire 2024
Looking forward to moving on next year? Here’s a calendar showing optimal dates.
Pay & Benefits