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 a better return outside of the annuity and want to know if I can do... 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 January of 2017. So, is this all we need to know about a pay raise... 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 information for current enrollees to to give them the opportunity to review their current coverage and... 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 rate of basic pay, the amount you would have earned if you had stayed at... 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 the program that will allow them to stop paying premiums but still keep some coverage,... 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 type of retirement plan that is established by an employer (in this case, the federal... Read More →