New Year, New Benefit Changes

Some 2024 changes that may benefit federal employees and retirees.

It’s a new year and there are new benefit amounts that take effect at the beginning of each year as well as basic pay adjustments for federal workers under the General Schedule and cost of living adjustments for retirees. For most feds, there are changes in the premiums paid for Federal Employees Health Benefits. For retirees who are working after retirement, there are also new earnings limits applied to their FERS Special Retirement Supplement and Social Security benefits. Click HERE to find out more.

 

Postal Service Health Benefits (PSHB)

 The Postal Service Health Benefits (PSHB) Program is a new, separate program within the Federal Employees Health Benefits (FEHB) Program, administered by the Office of Personnel Management (OPM) which will provide health insurance to eligible Postal Service employees, Postal Service annuitants, and their eligible family members starting in 2025. The PSHB Program coverage will replace Federal Employees Health Benefit (FEHB) Program coverage for these groups.

USPS has issued fact sheets on the PSHB program – one for current Postal employees, and one for Postal annuitants. Visiting these links will bring you to a USPS-owned website.

The team at OPM, in conjunction with the United States Postal Service (Postal Service), is working tirelessly to help ensure a seamless transition and positive experience for Postal Service employees, Postal Service annuitants, and their families. Click HERE to find out more from OPM.gov

How To Max Out Your 401k In 2024: New Rules Make It Easier

How To Max Out Your 401k In 2024: New Rules Make It Easier

For 2024, the limit for 401(k) plan contributions is $23,000, up from $22,500 last year, according to the IRS. That limit also applies to 457, 403(b) and the federal government’s Thrift Savings Plan.  Click HERE to read more.

 

Congressional Leaders Agree On Spending, Key Step To Averting Shutdown

Congressional Leaders Agree On Spending, Key Step To Averting Shutdown

Congressional leaders said they reached an agreement on overall spending levels for the current fiscal year that could help avoid a partial government shutdown later this month. Click HERE to read more.

Planning A Career Change In 2024?

Planning A Career Change In 2024?

If a new career outside of the federal workforce is on your list of resolutions, here are a few things you need to know about your benefits.

It’s a new year and for some federal employees, it is time for a career change.  If you are planning to leave federal service, it is important to understand what benefits you will take with you and which ones you will leave behind. Click HERE to find out more.