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Federal Employees Will Receive a Significant Pay Increase in 2023

Federal employees can expect a pay increase in 2023 that is double the amount of any annual increase in over 10 years. The Senate passed an appropriations bill which silently endorses the President’s recommendation for federal employees to receive a 4.6% pay increase next year. And while specific allocations of the raise have not been […]

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2022 Pay Increase Announced for Federal Workers & Military Personnel

President Biden has issued an executive order to implement his plan (originally announced in August) to provide federal workers with an average 2.7% increase in pay for 2022 The pay raise provides federal employees with a 2.2% raise across-the-board with an additional 0.5% for locality adjustments, to total up to 2.7%. The increase would take […]

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Get Ready: The 2018 FEHB Open Season Starts Next Month

Now is the time to review your federal health insurance coverage, enroll in insurance plans, and make sure all of your benefits are in order. The Office of Personnel Management (OPM) has set the dates for the 2018 Federal Benefits Open Season (FEHB Open Season), which allows employees to enroll in 2019 benefits programs. Enrollment […]

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Use An Annuity Calculator to See How the High-5 Plan Affects You

The MyFEDBenefits team has kept a close eye on the government’s proposed retirement policies over the past 2 years. Though the changes aren’t done yet, it looks like retirement benefits may be a sticking point in the 2019 proposed budget. It’s time that we can start to use an annuity calculator to see how some of […]

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What FERS Employees Need to Know About Crediting Unused Sick Leave

Every employee treats their sick leave differently. Some employees battle through colds and stomach issues, determined not to miss a day. Other employees use every sick day possible, wanting to take advantage of the time off — even if they just have a light sniffle. FERS employees may want to consider additional information before deciding […]

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OPM Data Breach May Put Federal Employees At Risk

Millions of federal employees rely on the Office of Personnel Management for their salaries, benefits, and retirement options. If this office isn’t reliable, then federal workers are at risk of delaying their retirement and having their data exposed to criminal hackers. Unfortunately, an OPM data breach is more of a potential threat than initially thought.  […]

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A 2.6% Military Pay Raise for Military Time is Likely in the 2019 Budget

In the modern media era, fake news leads to confusion and frustration. Not only is false information inconvenient, it also has real effects on people’s lives. Over the past few weeks, there has been considerable confusion about the military time pay raise. Service members want to make sure they will be fairly compensated, but worry […]

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MyFEDBenefits Launches Retirement Quiz in Response to Waning Financial Certainty [MyFEDBenefits News]

With retirement preparedness confidence at an all-time low, helping federal employees plan for the future is essential, publishes myfedbenefitshelp.com Fort Worth, Texas – (MarketersMedia) — Fewer than 25 percent of Baby Boomers are confident in their retirement preparedness according to the latest reports from the financial sector. While federal employees’ benefits are designed to help […]

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USPS VERA 2018 Q&A for Clerks and Mail Handlers

MyFEDBenefits Answers Common Questions About USPS VERA 2018 for Federal Employees MyFEDBenefits hosted a free Facebook Live Q&A event on Tuesday, February 27th for USPS federal employees to ask questions about early retirement and their VERA applications. The VERA (Voluntary Early Retirement Authority) is available to USPS employees with at least 20 years of eligible service. […]

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Do You Need to Pay Taxes on Your TSP Withdrawal This Tax Season?

Spring signifies more than a fresh new year and a break from the cold months of winter, it also means tax season. Most employers and government agencies were required to send forms to employees and citizens by January 31, meaning you likely received forms to help you file. The deadline to file your taxes this […]

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