Recent Data for Inflation, Pay Raise, and COLAs We cannot be certain what the pay raise will be in 2023. With President Biden issuing his “alternative pay plan” letter last week, it appears the 2023 raise will be an average of 4.6%. This is an across-the-board pay raise of 4.1% and an additional amount of […]
This year’s Federal Benefits Open Season runs from Monday, November 14, 2022, through Monday, December 12, 2022. As a reminder, the Federal Employees’ Group Life Insurance (FEGLI) Program and the Federal Long-Term Care Insurance Program (FLTCIP) do not participate in the annual Federal Benefits Open Season. OPEN SEASON OPPORTUNITIES During the annual Open Season, eligible […]
U.S. Representative Angie Craig introduced the You Earned It, You Keep It Act, which would repeal federal taxes on Social Security benefits for retirees across the country. Over the past year, inflationary pressures have stretched the already limited budgets of many retired Americans. Craig’s legislation would allow seniors to keep the benefits they rightfully earned after […]
Retirement eligibility under FERS is determined by a federal employee’s age and number of years of creditable service. When retiring as a regular FERS (Federal Employee Retirement System) employee, your eligibility is based off of years of service and age. You must meet one of the three main minimum age and service requirements in order […]
Ahead of another deadline on the restart of payments for America’s $1.7 trillion in federal student loans, President Joe Biden on Wednesday, 8/24/22 announced a plan to cancel debt for a subset of Americans and continue to keep a pandemic-era pause on the repayments — a sweeping move he has openly weighed in some form […]