Author - awsDONOTREMOVE

Solving the Health Plan Puzzle

The FEHBP will be available from November 11 to December 9 in 2019. You don’t have a lot of time for ensuring that you’ve chosen the right healthcare plan that will take care of your requirements for 2020. It isn’t too early for people to start looking at their options. Recently, major changes have been made to the health program. New options are now available.
FEHBP healthcare plans offer these benefits: laboratory services; emergency services; mental health disorder services (which […]

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New Flexible Rules for TSP Withdrawals Stirs Things Up

TSP management, who are in charge of handling the 401(k)-style retirement savings program of the federal government employees remarked that the provision of expanded withdrawal options to employees had made a great shift in how retirees and federal employees have been using their retirement accounts.
The TSP Modernization Act had been put in by the TSP last month, which allows multiple post-separation partial withdrawals to all employees who are participants. Federal employees 59½ years or older can make 4 in-services […]

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Three Smart Social Security Moves You Can Make Today

When it comes to planning for retirement Social Security plays an important role. If your savings alone aren’t sufficient for covering all your living expenses this can be especially true.
If you’re looking to improve your financial position, you need a solid Social Security plan in place before starting retirement. While being overtly reliant on Social Security isn’t recommended at all, your benefits may be enough to pay off a significant portion of your bills. You can take several Social […]

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Feds Will Pay 5.6% More Toward Health Care Premiums Next Year

Employees of the federal government will now pay an additional 5.6% in insurance premiums by 2020. It is a drastic increase over the last increment that had been announced for this year. It had been one of the lowest increments ever.
On Wednesday the OPM stated that the government’s contribution to FEHBP premiums will increase by around 3.2%. About 70% of an enrollee’s premium costs is what the government is likely to cover. Even though the enrollee’s contribution to premium […]

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HHS Engaged in Bad Faith

Independent arbitrator, Robert Creo, announced that the HHSD had engaged in negotiations which weren’t in good faith with the NTEU when it had been negotiating to break the log jam over union contracts in 2018.
NTEU administrative officials, since 2018, have been alleging that HHS management had engaged in several bad faith negotiation measures in order to fulfill the conditions required before they could appeal to the FSIP. There were no real efforts were made to negotiate with union […]

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There’s More to it Than Just Getting Insurance to Protect from Ransomware Attacks

Many local governments are dealing with increased threat of ransomware hacking attacks. To deal with this they have now started carrying cyber security insurance in order to stop their damages in case a city’s online computer facilities are taken over by hackers.
However, experts have warned that if they order just basic policies these local governments defense measures might not have the required level of security. Additionally, local governments can become an attractive target for hackers, whenever insurance companies pay […]

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Take the Stress out of Retirement

Take the stress out of retirement
Thinking of retirement soon? For most individuals, it conjures up 2 things. Either relaxing in their home and enjoying the peace and quiet. Not to mention traveling.
But for many federal employees it can be worrisome and stressful. There are steps that need to be taken to ensure that you are ready when the day finally arrives when you can kick back and relax.
Apply for retirement with all proper paperwork
You are going to need several […]

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OPM-GSA Merger Blocked

The House of Representatives fiscal year 2020 National Defense Authorization Act (NDAA) was passed by that included an amendment that would block the proposed reorganization of OPM. So it appears that the Office of Personnel Management (OPM) and General Services Administration ( GSA) merger is not going to happen.
An amendment was introduced by US Representative Gerry Connolly designed to prevent the Trump administration from going forward with a proposed plan to merge the GSA into OPM.
Stakeholders and Congressional Members […]

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Long-Term Disability – Is There A Need?

Recently, we wrote a post about the need for short-term disability in the federal workforce. A need which is very important and is not available as a core or supplemental benefit.
Today, let’s explore federal long-term disability. A good place to start is what is long-term disability? In short it is an insurance policy which will protect a federal employee for a long period of time. The long period of time may be between two and five years. Again, remember […]

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Government Furloughs ARE NOT expected in October

Despite recent chatter about agency employees’ jobs, OPM (Office of Personnel Management) Director, Margaret Weichert, has assured agency employees their jobs are safe. This comes from concerns about potential consolidation of the OPM and the General Services Administration (GSA).
The most recent discussions placed about 150 workers at risk. This action means the workers may be laid off later this year. Weichert informed Congress that the process to move job functions from OPM to GSA would need to begin by […]

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