Federal retirees will receive a cost-of-living adjustment of 0.3 percent next year, according to figures released by the Bureau of Labor Statistics on Tuesday.
The small increase is an improvement over this year, when retirees did not receive any boost. But it was disappointing to federal retiree advocates, who noted it does not keep pace with jumps in health care costs. Read more
Most federal employees and retirees are beginning to think about the annual Federal Employee Health Benefits (FEHB) open season and the choices that they will have the opportunity to make.
FEHB is one of the best benefits that we have as federal employees or federal retirees, and federal retirees (unlike most private sector retirees) are able to continue their FEHB enrollment after leaving federal service, and even after becoming eligible for Medicare.
There are some, but not many, changes in FEHB after retirement, and this article will take a look at them.
One of the downsides of getting older is that for many if not most of us, some parts get bigger while others shrink. Which is often not a good thing.
When it comes to rolling money into the Thrift Savings Plan, there are several rules and regulations to follow. Both the Traditional TSP and the Roth TSP have their own set of rules as to what is allowed to be rolled over and what is not allowed. This can all seem a little confusing, but it is important to be knowledgeable about your TSP rollover qualifications. Therefore, please have a look at this excerpt from the FEDWeek article, “The Ins and Outs of Rolling Money Into a TSP,” for a breakdown of rollover guidelines:
The 2016 Postal Service Reform Act (H.R. 5714) proposes shifting postal retirees’ primary health care coverage from the Federal Employees Health Benefits Program (FEHBP) to Medicare. Proponents call this a consensus proposal for integrating the FEHBP with Medicare. It is not. The proposal’s impact on both postal retirees and taxpayers could be substantial. Read more