FEGLI Open Season 2016
The first week of FEGLI Open Season is off and running. With the Insurance Open Season in full affect, it is important to lay out all the details you need to know! Read more
Understanding How Medicare Coordinates with FEHB
In Carol Schmidlin’s latest articles on FedSmith.com, she explains what benefits federal employees have under Medicare. Must read if are 65 or older!
Click here to read her informative article!
Lawmakers Question Hefty Hikes in the Federal Long Term Care Program
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!
Phased Retirement Reality
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
Fear of Losing Benefits (by Tammy Flanagan)
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