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Search Tags: benefits
Preliminary figures suggest next year's benefit increase will be roughly 1.5 percent, according to an analysis by The Associated Press. The increase will be small because consumer prices, as measured by the government, haven't gone up much in the past year.
Many feds are also confused and concerned about how the shutdown -- especially if it's prolonged -- will affect their benefits. Federal News Radio dug through guidance provided by the Office of Personnel Management and other agencies and consulted with the experts to bring you some of the answers to the most-asked questions.
The Office of Personnel Management has made it official: Lawmakers and their staff members are required to purchase health insurance from one of the Affordable Care Act's health-insurance exchanges --but the government will still contribute toward their premiums. OPM issued the final rule, which goes into effect immediately, Wednesday.
Health insurance premiums on average are going up next year. While the increase isn't as high as many experts predicted it will still be a jolt to feds who have been on a pay raise diet for the past three years, Senior Correspondent Mike Causey says. Then there is the question of whether that "average" increase is 3.7 percent or more like 4.4 percent?
Health premiums for federal employees are going up an average of 3.7 percent, according to the Office of Personnel Management. Postal Service employees, who separate negotiating rights over premiums, will see, on average, a 3.8 percent increase.
NARFE's David Snell will discuss the impact of a proposed change to how federal retirees' cost-of-living adjustments are calculated.
September 4, 2013
Funds in the Thrift Savings Plan took a plunge last month. With the exception of the government-securities G Fund, all the funds in the Thrift Savings Plan finished August in negative territory.
The launch of state insurance exchanges will have little impact on most federal employees, the Office of Personnel Management says. It's a different story for OPM, itself, however. Due to its experience managing the Federal Employees Health Benefits Program, OPM has been tasked with managing a part of the new health exchange system.