Opt out of FERS Annuity
Can I opt out of FERS? Q: Can I opt out or not contribute to the FERS-FRAE annuity system? I am a new employee and they are taking 4.4% of my paycheck for the annuity. I feel I can get... Read More →
CBO Annual Raise
How is Your Annual Federal Pay Raise Determined and What is it Likely to Be Next Year? The Obama administration has issued its budget for fiscal year 2017. It includes a 1.6% average pay raise for federal employees that would start in... Read More →
LTC Price Increase
OPM Reminds FLTCIP Participants About Upcoming Rate Increase Are you an enrollee in the Federal Long Term Care Insurance Program (FLTCIP)? If so, you will be facing a rate increase on November 1. The Office of Personnel Management has released... Read More →
Annual Leave Cashing In
Cashing in on Annual Leave As a rule, if you retire before the end of a leave year, you’ll be given a lump-sum payment for all your accrued and unused annual leave. The calculation will be based on your hourly... Read More →
Long Term Care
LTC Little Known Benefit… Most long-term insurance care enrollees are eligible for little-known benefit Three-fifths of enrollees in the Federal Long Term Care Insurance Program who are facing steep premium increases will be eligible to invoke a little-known feature of... Read More →
TSP
Thrift Savings Plan Basics The Thrift Savings Plan is a defined contribution plan similar to a 401(k) plan in the private sector, and has been in existence for over 30 years. It is considered a “qualified plan” – or a... Read More →