TSP Bill Passes House and Senate, Eliminates Restrictions for Federal Employees

Federal Employees are about to see major changes to their Thrift Savings Plan (TSP) options next year. The TSP Modernization Act (H.R. 3031) recently passed to help federal employees better manage their Thrift Savings Plans, a 401(k) style savings plans used by more than five million participants. The TSP bill is good news for current […]

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Congress Passes 2018 Federal Retirement Budget Without Benefits Cuts

Over the past few months, MyFEDBenefits has covered proposed benefits cuts and changes to retirement options for employees. With the proposed 2018 budget, significant changes were on the table for federal employees and their potential income levels. Discussions about the types of benefits that employees should receive and the best plans for recruiting top talent […]

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How The PSLF Program Erases Student Debt for Federal Employees

There are many worker benefits that federal employees aren’t aware of. Even if you have worked for the federal government for several years, you might not realize that there are certain programs, options, and opportunities to take advantage of. Time and again, one of the most often overlooked options for students is the Public Service […]

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4 Factors That Affected the 2018 COLA (Cost of Living Adjustment)

The government annually reviews the cost of living for retired federal employees and Social Security recipients to determine whether it needs to increase payment amounts. This cost of living adjustment (COLA) takes into consideration the costs associated with basic amenities like food, housing payments, gas, communication, and medical care. If one of these aspects has […]

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How Proposed Changes to Paid Benefits Can Change Your Retirement Plans

Over the past few weeks, both President Trump and Congressional leaders have considered cutting paid benefits and retirement plans for federal employees. This has lead to considerable uncertainty for current employees who are planning to retire in the next few years as well as for younger employees who want to start saving for retirement but […]

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Proposed Cuts to Retirement Benefits: What You Need to Know

The first half of 2017 was tumultuous for many retired Americans who closely followed the proposed healthcare reform bills. Along with changes to premiums (particularly for seniors) and rolled back coverage of pre-existing conditions, there were talks about cutting Medicare and Medicaid benefits that are presently offered in the Affordable Care Act. This would have […]

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MyFEDBenefits Celebrates National Postal Worker Day

MyFEDBenefits Thanks All USPS Employees On National Postal Worker Day USPS employees provide vital and affordable services to the American public. From working in postal centers across the country, to hand delivering mail daily and loading and unloading mail trucks, postal employees are the reason our current mail delivery system runs so efficiently. They trudge […]

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FEGLI Open Enrollment Quiz

Is FEGLI Open Enrollment Right For You? For the first time since 2004, FEGLI open enrollment will be available for all Federal employees in September 2016. Navigating federal insurance can be confusing, and many Fed workers may not know if FEGLI is the right choice for them. The team at MyFEDBenefits has created a FEGLI […]

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Understand Your Options During FEGLI Open Season

Know Your Options For FEGLI Open Season. This fall a unique event will give federal employees the opportunity to increase their life insurance without a qualifying life event or proof of insurability. This Open Season will be available to those interested in joining the Federal Employee’s Group Life Insurance program. FEGLI, with an enrollment of […]

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Reform on the Horizon for USPS

Although it is too early to know what will come of Sen. Tom Carper’s legislation to reform the U.S. Postal Service, it is safe to say that the Postal Service’s growing deficit in funding for employee pensions and medical benefits will be addressed. This has been an ongoing issue for the USPS. However, prior to […]

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