Hefty Hikes in the Federal Long Term Care Insurance Program (FLTCIP) are getting lots of attention from federal employee advocacy groups and lawmakers. Two good articles that explain why this added attention is being focused on the FLTCIP are: “Anger Amounts Over Long Term Care Premium Spike”, written by the GovExec Staff, and “House Committee Asks John Hancock Financial for Details on FLTCIP Premium Increases”, by Ian Smith. Make sure to read the articles above and to stay informed!
Archive for month: August, 2016
The Phased Retirement Plan, which was introduced in 2012, allows employees who are eligible for retirement to work part-time. This would allow them to receive half of the annuity that they have earned to that point, while still being treated like an employee as apposed to a retiree. Phased Retirement sounds all well and good, until you look at the rate at which federal employees are actually receiving it. For a retirement option that has been praised so highly by the government, it is sure taking quite some time for it to be put into motion. Why is this? When will this change? Read more
Recently, Government Executive’s research unit, the Government Business Council, conducted an in-depth research study of federal employees. The results revealed some interesting trends.
Most of the people who responded to the survey (68 percent) were planning to retire within the next five years, with another 25 percent saying they were likely to leave government within the next 15 years. These are typical of the audiences I address at pre-retirement or mid-career planning seminars. Nearly 900 people took the survey, representing more than 30 civilian federal agencies and defense organizations. Read more
Join us on Thursday, August 11th at 1:00 pm EST
The first half of 2016 is behind us and markets are still grappling with many of the issues that shook investors at the beginning of the year. Interest rates increases, overseas woes, and economic uncertainty may be causing you to worry about whether the glass is half empty or half full. During this webinar, we’ll review the first half of the year and show you what might affect investors in the months to come. Read more
|OPM has silently changed the way that they process divorce court orders. If you have been divorced, and a portion of your annuity was awarded to your former spouse, YOU MUST READ THIS.|