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May 3, 2024

Federal Employee Retirement and Benefits News

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Retirement Inequality: Worse than income inequality, study finds

Retirement Inequality: Worse than income inequality, study finds

Most small business owners find it hard to get employees on retirement savings plans due to the high costs. As a result, some employees are forced to work on their own when it comes to setting up 401(k) plans.  ...
Life Insurance Losing Appeal in Changing Generational Priorities

Life Insurance Losing Appeal in Changing Generational Priorities

The reduction in the number of people purchasing life insurance policies has reduced in the recent past, and this has become a major concern for the industry. In fact, most low-income earners do not seem to care about life insurance...
Divorce for Federal Employees: What to Do

Divorce for Federal Employees: What to Do

Federal benefits can be affected in a significant way by major events in life such as the birth of a child or marriage. In fact, instances of divorce can lead to a lot of complications when it comes to claiming...

Life Insurance: Kid-Tested, Mother-Approved?

Life insurance companies have a new, unconventional sales strategy: selling life insurance policies on children. The fact that most life insurance companies are asking parents to purchase life insurance for their children can seem to be incongruous, almost like buying...
The Pay for Performance Proposal

The Pay for Performance Proposal

    Federal workers continue to be affected by the many policy changes that are being introduced on a regular basis. Some of the proposals raise a lot of questions as they appear to be very controversial or do not...
Retirement Savings Mistakes that can Cost you Greatly

Retirement Savings Mistakes that can Cost you Greatly

Saving for retirement is an uphill task for most people, but knowingly or unknowingly, you can make this already challenging task a costly mistake. This article will highlight some of the common errors that can cost you your retirement savings,...
Consumers Ready to Submit a Saliva Sample in Exchange for a Better Life Insurance Deal

Consumers Ready to Submit a Saliva Sample in Exchange for a Better Life Insurance Deal

Would you allow life insurance companies to check your DNA? Some people are doing just that for a better deal. According to a recent survey that was conducted by Life Epigenetics, a genetic mortality prediction company, most life insurance consumers...
How to Minimize your Taxes in Retirement

How to Minimize your Taxes in Retirement

Everyone pays taxes, but are you paying them in the most efficient way? All people must pay taxes, but it is always important to be tax efficient. Being tax efficient means avoiding unnecessary tax payments by making the right decisions...
Finding The Right Financial Advisor for You

Finding The Right Financial Advisor for You

Finding a financial advisor that’s right for you is just like finding any other professional, like a tailor or a barber. Of course, if you pick the wrong barber, you wear a hat for a few weeks. Pick the wrong...
Will Your Spouse Receive Their Life Insurance Benefits?

Will Your Spouse Receive Their Life Insurance Benefits?

  Are you absolutely sure that, in the event of a sudden death, you will receive the benefits of your spouse’s life insurance? When a policyholder with life insurance dies, there are many circumstances that can make their partner unable...
TSP Found to Have Lowest Information Security Score

TSP Found to Have Lowest Information Security Score

Federal agencies are supposed to observe all the set standards when it comes to federal information security.  In a recent audit, it was revealed that TSP recorded the lowest score regarding compliance with information security standards. TSP is a federal...
New Legislation Would Require ‘Non-Essential’ Fed Employees to be Named

New Legislation Would Require ‘Non-Essential’ Fed Employees to be Named

    Federal employees that are considered “non-essential” by the government stay at home without pay during a partial government shutdown. A new piece of legislation was recently released that would require the federal government to explicitly name those federal...
Kaine against Trump’s Attempts to make the Dismissal of Federal Employees Easier

Kaine against Trump’s Attempts to make the Dismissal of Federal Employees Easier

Senator Tim Kaine has slammed Trump for his plan to empower federal agency heads through Congress to dismiss federal employees. According to Kane, president Trump was afraid of being forced to be accountable by federal employees that may just be...
New Social Media Rules Forbid Federal Employees from Making Political Posts

New Social Media Rules Forbid Federal Employees from Making Political Posts

Federal employees that want to keep their jobs have to stay away from making political posts while at work. According to the new guidelines under the Hatch Act, federal employees have to avoid making political statements on social media platforms...
Why You Should think Divorce When Married or Getting Married

Why You Should think Divorce When Married or Getting Married

  Federal employees or individuals that have plans to marry a federal employee should begin thinking about other things apart from honeymoon locations and wedding guest lists. Thinking divorce in such a moment might sound like a crazy idea, but...
What is the Effect of Proposed FERS Benefits Cuts?

What is the Effect of Proposed FERS Benefits Cuts?

    It is quite unusual for federal agencies to publicly air out their policy disagreements in an aggressive manner. The following is an example of a case that is very unusual.   The Office of Inspector General (OIG) was requested...
Why some Former Feds have a Shrinking Annuity Payment

Why some Former Feds have a Shrinking Annuity Payment

    It is quite unusual for federal agencies to publicly air out their policy disagreements in an aggressive manner. The following is an example of a case that is very unusual.   The Office of Inspector General (OIG) was requested...
Retirement Crisis in America: How policymakers are Failing

Retirement Crisis in America: How policymakers are Failing

Some predictions by futurists might appear like pure science fiction, but it is interesting to know that some of them might turn into reality. For instance, the prediction that some people will live more than 130 years in the coming...

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