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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5 Things You Need to Know About a Thrift Savings Plan

The Thrift Savings Plan (TSP) is a crucial part of your Federal benefits package regardless if you are a civilian employee or a member of the military. But the bigger question is, how do you manage it? Here are 5 Things You Need to Know About a TSP: Consider it your 401K: A TSP is […]

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Obama Nominates NEW OPM Chief

Beth Cobert may become the new head of the U.S. Office of Personnel Management if President Obama has his way. The president has nominated the now acting director of OPM to officially take over the agency and become OPM director. Ms. Cobert became acting director following the resignation of former OPM director Katherine Archuleta. Ms. […]

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Rate Changes on the Horizon for FEGLI Participants

Come January, you might see your Federal Employees’ Group Life Insurance deduction on your paycheck rise or fall depending on the plan you are enrolled in. Older workers and retirees will be the hardest hit. The U.S. Office of Personnel Management recently issued a notice in the Federal Register informing federal workers and federal retirees […]

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Rare FEGLI Enrollment Opportunity Offered Next Year

Federal workers will be offered a rare opportunity to enroll in, or modify, government-sponsored life insurance. The question we must raise though is…..is it worth it? More on that in a moment. According to a notice in the Federal Register, the U.S. Office of Personnel Management will hold a Federal Employees’ Group Life Insurance open […]

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