Federal Employees Face Biggest Hike in Health Care Premiums in over a Decade

Federal Employees Face Biggest Hike in Health Care Premiums in over a Decade

Health care premiums will spike for federal employees next year.

Employees enrolled in the Federal Employees Health Benefits (FEHB) program will see an average increase of 13.5 percent on their premiums for 2025. That is nearly double last year’s increase of 7.7 percent and is the biggest increase in well over a decade. Follow link to read more. https://bit.ly/47PrEqW

 

OPM Authorizes Emergency Leave Transfer Program for Federal Employees Impacted by Tropical Cyclone, Tropical Storm, and Hurricane Helene

OPM Authorizes Emergency Leave Transfer Program for Federal Employees Impacted by Tropical Cyclone, Tropical Storm, and Hurricane Helene 

Source: OPM 

Washington, D.C. – The U.S. Office of Personnel Management (OPM) has authorized the use of an emergency leave transfer program (ELTP) for federal employees and their families adversely impacted by Tropical Cyclone, Tropical Storm, and Hurricane Helene.

After coordinating with federal agencies to assess the impact on employees by Tropical Cyclone, Tropical Storm, and Hurricane Helene and its aftermath, OPM, in consultation with the Office of Management and Budget (OMB), has determined that the establishment of an ELTP is warranted. The establishment of an ELTP permits employees in the executive and judicial branches, or agency leave banks established under 5 U.S.C. 6363 to donate unused leave for transfer to employees within their agency or at other agencies who are severely adversely affected or have family members who are severely adversely affected by a major disaster or emergency as declared by the President and who need additional time off from work without having to use their own paid leave. This ELTP will assist federal employees in the declared disaster areas in Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. Furthermore, if President Biden approves other disaster declarations because of Helene, federal employees in those areas will also become eligible for ELTP donations.

Agencies with employees severely adversely affected by Tropical Cyclone, Tropical Storm, and Hurricane Helene or their family members are in the best position to determine whether, and how much, donated annual leave is needed by their employees and which of their employees have been adversely affected by the emergency within the meaning of OPM regulations. They are also in the best position to quickly facilitate the transfer of donated annual leave within their agencies.

Agencies are responsible for administering the ELTP for their own affected employees. Employees should contact their servicing agency human resources office for further information on the emergency leave transfer program.

 

If Being Healthy is Always at the Top of Your Priority List, This Article Might Be Particularly Interesting to You. 

If Being Healthy is Always at the Top of Your Priority List, This Article Might Be Particularly Interesting to You. 

Source: The Visual Capitalist

This piece ranks the healthiest nations in 2024 Rankings are based on key factors like life expectancy, healthcare access, diet, and lifestyle habits. European countries continue to dominate the top spots, with Japan leading in Asia. One interesting detail, in most, women live longer than men! Discover which countries prioritize health and longevity and see what’s driving their success. 🔗 Learn more about the global leaders in health here: Visual Capitalist – Healthiest Countries 2024 #GlobalHealth #HealthyLiving #HealthcareRanking #2024

Which Countries Are the Healthiest in 2024?The world’s two healthiest countries are home to ‘blue zones’, where the centenarian population is 10 times higher per capita than America.

Death Has a Cost Beneficiary Liquidity Plan®

Death Has a Cost – Beneficiary Liquidity Plan®

Talking About Sex Won’t Get You Pregnant…

Talking about dying won’t make you die.

Source- Beneficiary Liquidity Plan®  

No one wants to talk about the end of their life. But prepared or not, it is still going to happen. And there will always be a cost associated with it whether it’s the simplest of cremations or the most traditional of funerals.

Having a Beneficiary Liquidity Plan® will give families peace of mind from the financial stress so they can focus on the hundreds of decisions that will need to be made.

Don’t take it from me.  We interviewed one of the nation’s leading experts when it comes to all things funeral planning. In episode two, we talk about the costs associated when a loved one dies, the struggles with financial decisions and how families can plan for this process. Please call our office at 856-401-1101 email karen@frankliplanning.com to find out more.

How to Optimize Your Thrift Savings Plan (TSP) in a Volatile Market

How to Optimize Your Thrift Savings Plan (TSP) in a Volatile Market

According to the FRTIB, total TSP fund assets were $895 billion as of March 2024. With a participation rate of 95.7%, the overwhelming majority of Federal Employee Retirement System (FERS) employees contribute to the plan.

FERS participants had an average TSP balance of $184,691. The average balance for Civil Service Retirement System (CSRS) participants was $207,698. Follow link to read more. https://bit.ly/4gSa8qj