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May 11, 2024
Federal Employee Retirement and Benefits News
Between 2006 and 2016, there was a 33% rise in Americans aged over 65 to 49.2 million. What’s more, it is expected that by 2060 this figure will double. For this reason, it is imperative that you prepare accordingly as sooner or later you will be a part of this group. Tip # 1:
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Ideally, it is important that you create a written statement of your retirement plan. Your retirement plan should be simple rather than complex or verbose. According to surveys, having a written plan contributes to feelings of satisfaction in the long term. But why is that so? Often you will have to evaluate various interlinked factors
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A new proposal by White House will see a significant reduction in premium payments after several changes have been made to the current healthcare policies. However, critics of the new proposal argue that after implementation, the proposal will lead to an increase in costs. The Congress was asked in a memo to; allow the expansion
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Ron Hodgkinson, RFC, CEP, LUTCF Ronald James Financial Originally from New England, Ron is happily married to his wife of 49 years; Kathie. They have two lovely daughters, 5 grandchildren, and 4 grand-cats. Ron has lived in Southwest Florida for the last 30 years and continues to love the sunshine and warm weather. As
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When it comes to the FEGLI, there are some common questions that arise time and time again but perhaps none quite as much as ‘is it the right time in my career/life for FEGLI?
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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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A Washington-based company WalletHub has created a list of retirement places for retired veterans after analyzing each state on 20 vital parameters.
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Manning City Council members would get retirement benefits and health insurance benefits from April 2018. This was decided by the council members.
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OPM has devised 19 new measures to evaluate the performance of all its FEHB Carriers. These new measures would be implemented first time this year.
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President Obama has declared a federal emergency in Flint this past week. It meant freeing up around 5 million in federal aid funds to help the ones with health crisis immediately. Furthermore, he did deny Rick Snyder’s request for the declaration of disaster. President Obama declares emergency in Flint; If the president did declare disaster,
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Calling all Federal workers – bells are ringing for Open Season. Each year Federal workers have the opportunity to review their health care plan to determine if they are satisfied with the plan they have or if they need to make changes. There may be many reasons for making a change – marriage, the birth
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Gas Prices Eliminate Social Security Increase Individuals receiving social security, disabled veterans and retired federal employees will not see an increase in their benefits during the next fiscal year. Over 20 percent of Americans are impacted by this news. This is only the third time in 40 years that this federal benefit has failed to
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Recently, the United States Postal Service reported a third quarter loss of $586 million.
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OPM has partnered with Champlain College to provide a quality affordable education to federal employees and their qualified family members.
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USPS has fallen onto difficult times, and are implementing plenty of changes and contemplating more dramatic changes… A LiteBlue ray of sunshine
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Many veterans and/or their family have called their local VA office inquiring about the Improved Pension (also known as the Aid and Attendance or Non-Service Related Compensation program).
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A nice email came across my desk from a young woman who is a Federal employee and is getting married next June. She is so excited and we are excited for her. She told me that she was thinking about dropping her FEHB and FEGLI because her husband has coverage on his job with the Railroad.
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Rate changes for covered by the Federal Employees Health Benefits (FEHB) program according to OPM will increase by approximately 3.2 percent during the 2015 period. Although premium rates have increased annually over the past four years, the work of OPM has managed to keep those rate increases under 4 percent. Dental and Vision rates on average will
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It is so confusing,t where is the logic. We are talking about the revolving door of Federal employees coming and going. There are mandates across agencies to reduce the number of Federal employees on the rolls. Several strategies have been offered from the threat of a RIF (Reduction-in-Force), to offering buy-outs. The mandate calls for
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