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April 27, 2024

Federal Employee Retirement and Benefits News

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How to make your retirement savings plan risk-free

Retirement plans are talked about a lot these days in workplaces and between federal employees. A good retirement savings plan can go a long way in making a retiree live a prosperous life. Some workspaces provide the facility to invest in a plan automatically but participation is only one step in the right direction. Another

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Making Wise FEGLI Assignment Decision In Today’s Market

Making wise FEGLI assignment decision in today’s market You may allocate your Federal Employees Group Life Insurance or FEGLI to one or more persons, firms or trusts. Task implies that you consent to surrender responsibility for Basic, Standard Optional and Additional Optional life coverage scope until the end of time. The trustee turns into the

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Private Sector Leads Federal Salaries By 35 Percent

Federal Salaries 35% Less Than Private Sector Unexpectedly and some may say tragically the salaries of the private sector employees are a lot more than those of their federal employee counterparts that do similar jobs. The federal salaries continue to be 35 percent lesser than the private sector ones; this was confirmed by an advisory

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Medicare Premiums to Rise for Some Retirees

On Monday, November 1, President Obama signed legislation that averts what, for many federal retirees, would have been a very large increase in their Medicare Part B insurance premiums. Instead of facing a $50 plus increase, federal retirees who do not receive Social Security payments will see an increase of about $19 a month. This

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Do Women Deserve Equal Pay ?!

As the role of human resources expands and is given greater visibility at the decision-making table, we will probably see the female dominated dynamic change and salaries of course will become more competitive.

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