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April 16, 2024
Federal Employee Retirement and Benefits News
In November 2017, the Federal Retirement Thrift Investment Board option to expand its I Fund, which included the following: small-capitalization businesses, emerging markets, and Canada. You can read the full plan by checking out their November meeting minutes. In a nutshell, the board decided that in 2019 the index the I Fund follows will change.
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The result of the FEVS survey conducted on federal employees is out. It states that the employee engagement level has improved more in small agencies.
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The Obama government is proposing an increase in the death benefits of federal employees who die while being on the job. It is a vital change.
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The federal employees have donated more than fifty thousand pounds of foods this year via the food banks to the needy people across the country.
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A report has stated that OPM data breach that exposed millions of federal employees’ data could have been prevented by taking security measures.
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Some data revealed by OPM has exposed the fact that only a fraction of federal employees has opted for phased retirement till August 15, 2016.
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FEGLI has initiated its open season. It is a boon for federal employees as they can participate in the program or increase their insurance coverage.
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President Obama has taken initial steps to ensure that the federal employees get 1.6 percent pay raise from 2017 by writing a letter to the Congress.
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A new survey has highlighted the federal employees think that big data is helping federal agencies to deal with the problem of cyber security.
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The General Schedule pay system seems to be failing with time as the gap in the salaries of federal employees in different agencies is rising.
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DOL has conducted a lot of retirement audits in the last two years and has found out that some audits were not done by highly experienced CPAs.
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President Obama has shared that the federal employees are now allowed to make use of the bathrooms and changing areas as per their gender identity.
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The largest federal employees’ union has offered its support to Maggie Hassan in her bid for the senate because she will represent their interests.
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Federal Agencies have deployed federal employees in the Zika affected areas to control and prevent the disease without paying them any incentives.
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There is a rift between young and old federal employees. It was mentioned in a survey which also found that the millennials feel undervalued at work.
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OPM has requested all the federal agencies to submit special pay grade data so that the new pay grades of federal employees can be decided for 2017.
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The Department of Homeland Security is currently involved in finding out ways to make federal employees’ electronic devices safe and secure.
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OPM has urged the federal agencies to let federal employees get access to vacations, flexible hours and work from home options to avoid the heat.
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Federal Employee Retirement expert Kevin Wirth explains the time and requirements for Federal Employees to become eligible for retirement.
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