FEHB & PSHB Healthcare Premiums Set to Rise Significantly in 2025
October 13, 2024
The Federal Employees Health Benefits (FEHB) Program and Postal Service Health Benefits (PSHB) Program will both see notable increases, placing added pressure on the budgets of both active federal employees and retirees. Quick Breakdown of Cost Increase: For non-postal FEHB enrollees, the average premium increase will be 13.5%. Meanwhile, postal PSHB enrollees can expect an […]
Anticipated Pay Raise for Federal Workers in 2024
October 20, 2023
Federal employees are to receive an average pay raise of 5.2% in 2024. This figure includes an across-the-board raise of 4.7%, with an additional 0.5% on average for locality adjustments. If approved (it’s expected to pass), the new pay increase will become effective on January 1, 2024. This marks the largest annual increase in salaries […]
Potential Government Shutdown – How Federal Workers Can Prepare
September 28, 2023
Federal agencies are signaling an impending government shutdown. If realized, it would begin this Sunday, September 28th 2023, putting millions of federal employees and military personnel either on furlough or required to work without knowing when your next paycheck might arrive. The longer it lasts, the heavier the burden on federal workers, their families, and […]
Financial Literacy Month: Making the Most of Your TSP as a Federal Worker
April 10, 2023
During Financial Literacy Month, it is essential to remind Federal Employees Retirement System (FERS) covered workers of their retirement benefits and investment options. Retirement income for these workers typically comes from three sources: the FERS basic retirement benefit, Social Security, and the Thrift Savings Plan (TSP). The TSP is a defined contribution plan that offers […]
Temporary Work May Replace Some Fulltime Federal Hiring in STEM Related Occupations
January 3, 2023
A recently implemented policy allows federal agencies to hire temporary employees in certain positions, specifically those related to science, technology, engineering, and mathematics (STEM), for a maximum duration of 10 years. This represents a significant increase from the previous limit of four years. The Office of Personnel Management (OPM) is the government agency responsible for […]
Terminating Federal Workers With Disabilities
December 22, 2022
The Americans with Disabilities Act (ADA) is a civil rights law that aims to guarantee equal opportunities and to prohibit discrimination against people with disabilities in areas such as public transportation, employment, and state and local government services for individuals with disabilities. However, there is often a stigma associated with certain types of disabilities, such […]
The Social Security Fairness Act Gives Back Funds to Federal Employees
October 18, 2022
It’s no secret that Social Security is heading toward disaster by 2035 unless congress allocates significant tax dollars toward funding it. Current legislation is being written to address this impending Social Security breakdown. One of those bills gaining momentum is the Social Security Fairness Act, which would be a much-deserved win for federal employees. The […]
Federal Employees Will Receive a Significant Pay Increase in 2023
August 17, 2022
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 […]
How Could the Fire ‘At Will’ Bill Affect Your Retirement?
August 5, 2022
A new bill was introduced to congress that would allow for a swifter termination of federal employees. And it could threaten federal workers’ retirement plans as well. The Public Service Reform Act, a bill introduced by Rep. Chip Roy, gives government officials a process to fire federal employees at will. It applies only to career […]
2022 Pay Increase Announced for Federal Workers & Military Personnel
December 27, 2021
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 […]
