Pay & Benefits

What federal annuitants need to know about Medicare Part D for 2024

This upcoming Open Season will be one of the most important in recent years for annuitants to evaluate their existing plan against those that offer Part D coverage.

Pay & Benefits

TSP: SECURE 2.0 Act contribution limit changes coming in 2026

The federal government’s 401(k)-style retirement savings program will use the entire two-year “transition period” to implement new rules governing how older workers can make catch-up contributions as they approach retirement.

Pay & Benefits

Senate panel advances measures to overhaul federal workers’ death benefits, agency customer service

The money families of federal workers who die while on the job receive in gratuity and funerary benefits has not been updated since 1997.

Pay & Benefits

Time for the fall deadlines

A checklist to help you prioritize as you sort through your federal retirement and insurance benefits.

Pay & Benefits

FEHB: Here’s what’s new for Open Season 2024

Expanded infertility coverage and increased premiums are among some of the changes federal employees can expect during Open Season this year.

Pay & Benefits

Lawmakers revive bill to let ex-temps make catch-up retirement contributions

Currently, Federal Employees Retirement System employees who began their careers as temporary or seasonal workers must work longer to receive their full retirement benefits.

Pay & Benefits

Court sides with Biden administration in dismissing federal employee union’s effort to eradicate debt default threat

Federal workers do not have standing after Congress narrowly avoided forcing them to work without immediate pay, judge rules.

Pay & Benefits

Pay Agent: Locality pay increases, when implemented, need to be calculated specifically to job skills

But annual pay adjustments by profession is a long-running organizational idea that has been too difficult to actually implement, one expert says.

Pay & Benefits

Survivor Benefit confusion: part one

Choosing a survivor benefit should be a very simple decision, but often it can be complicated.

Pay & Benefits

COLA adjustments will slim for federal retirees in 2024

The annual announcement that some retired federal workers will receive a 3.2% increase in their annuity payments, while others will get only a 2.2% boost, has revived calls to standardize annual adjustments across retirement systems.

Pay & Benefits

President’s Pay Agent OKs another tweak to locality pay areas

The counties of Clallam and Jefferson in Washington state could be included in the Seattle-Tacoma locality pay area as early as 2025.

Pay & Benefits

The federal retirement backlog just hit another recent record low

The Office of Personnel Management’s inventory of pending retirement claims from former federal workers reached its lowest level since 2017 for the second time this year.

Pay & Benefits

World Investor Week: Learn more and protect yourself

The global campaign promoted by the International Organization of Securities Commissions aims to raise awareness about the importance of investor education and protection.

Pay & Benefits

A closer look at 2024 Federal Employee Health Benefits premiums

Wondering how the increase might impact your FEHB plan choice? We’ll walk you through it.

Pay & Benefits

The federal firefighter ‘pay cliff’ has been averted, for now

The 45-day continuing resolution preventing a government shutdown also includes language ensuring federal firefighters don’t lose access to recent pay increases whose funding was expected to run out this month.

Pay & Benefits

Report reveals differing federal employee insurance withholding information between USDA, OPM 

An OIG audit found differences of federal employee withholding reporting between the two agencies, leading to several employees being charged incorrect life insurance amounts and another wrongly waived from coverage.

Pay & Benefits

TSP funds continued to fall in September

For the second straight month, the vast majority of the portfolios in the federal government’s 401(k)-style retirement savings program declined in value.

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