News Briefs

October 25, 1996
THE DAILY FED

News Briefs

The following news summaries are from OPM AM, the daily newsletter of the Office of Personnel Management. OPM AM is available on OPM Mainstreet, the agency's electronic bulletin board, at 202-606-4800.


IN THE NEWS--"The good news for federal workers is that the Federal Salary Council has come up with its annual report, which recommends a 14.3 percent locality adjustment for feds next year. The bad news is that feds will be lucky to get 3 percent annual raises" (The Washington Post).

INSURANCE--"Millions of retirees have been hit in the past year with stiff double-digit increases in the premiums they pay for medical insurance purchased to cover the health care costs that Medicare won't pick up, according to a report released yesterday" (The Washington Post).

OTHER VIEWS--"Perhaps what co-pays represent most is a vestige of the time when patients enrolled in health-care plans still knew the cost of their drugs" (Drug Topics, Montvale, NJ, September 16)...Audit shows RightChoice overcharged federal workers (St. Louis Business Journal, St. Louis, MO, September 23)...FEHB model for Medicare (Pueblo Chieftain, Pueblo, CO, September 23)...Two local residents serve on a panel to select top executives for the 1996 Presidential Rank Awards (Vadnais Heights Press, White Bear Lake, MN, September 4).

OF INTEREST--"It was one a given that suburban office workers could find parking next to their buildings. No more." Job strife starts in the parking lot (The Wall Street Journal).

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