What Does the Federal Pay Increase Mean for your Retirement Plan
January 3, 2017
Civilian federal employees will see an additional 0.5% bump in their paychecks in 2017, according to Government Executive. This raise comes as a surprise to many. Earlier this year, President Obama proposed a 1.6% pay increase. That amount has now increased to 2.1%. Pressure from federal employee unions and members of congress were likely motivators. […]
Keeping Personal Records For Retirement
September 8, 2016
Federal retirement counselors share the importance of keeping personal records We love our agencies. Unfortunately, we cannot depend on them to get it right every time. To be human is to err, and this means that discrepancies are bound to happen. What we can do is prepare for them by keeping copies of our own […]
FEGLI Open Enrollment Quiz
August 5, 2016
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 […]
Millions Not Notified Of Data Breach
July 22, 2016
Millions of Federal Employees Affected by OPM Data Breach The Office of Personnel Management has reported as many as 2 million individuals affected by the hacking of a government investigation database have not been formally notified. The cybersecurity attack discovered by the OPM in June 2015 has left upwards of 21 million Americans at risk […]
House Approved Amendment to Restore USPS Service Standards
June 24, 2016
House appropriators have heard the public’s outcry for improved U.S Postal Service service standards. Early July they approved an amendment that would restore the service standards of 2012. This amendment was proposed by U.S. Representative Marcy Kaptur (D-Ohio) and adopted in accordance with the fiscal 2017 financial services appropriations bill. While a giant stride forward, […]
Understand Your Options During FEGLI Open Season
June 10, 2016
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 […]
Proposed Changes with FEGLI and FEHB
May 6, 2016
In January of this year, The Office of Personnel Management (OPM) finalized a policy to protect federal employees from losing their health care benefits coverage were their plan to drop out, drop a level of coverage, or restrict its coverage areas. This change comes in time for the annual fall open season. Affected enrollees have […]
Determining Retirement Eligibility Under Mixed FERS/CSRS Annuities
April 22, 2016
Determining what you are eligible for under FERS or CSRS when it comes to your retirement can be confusing. When you have both, it can seem even more complicated. The date of your government hire will determine if you qualify for FERS or CSRS. But what if you fall into the bucket of mixed CSRS […]
House Republicans Put Forth Plan to Cut Federal Employee Workforce
April 8, 2016
House Republicans have laid out their blueprints for reducing the national debt, which requires cuts to the federal workforce, as well as their pay and benefits. Lawmakers estimate the savings from these cuts would amass more than $280 billion over the course of 10 years and slash non-Defense, discretionary spending at agencies by $887 billion […]
Reform on the Horizon for USPS
March 25, 2016
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 […]
