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Search Tags: pay and benefits
Walton Francis, author of the Checkbook Guide to Federal Health Plans, will answer your calls and emails about open season.
December 4, 2013
When veterans and their families, who receive disability compensation and retirement benefits from the Veterans Affairs Department, receive their annual cost-of-living increase next month, for the first time ever, it won't be rounded down to the nearest dollar. Overall, the COLA for veterans benefits will increase 1.5 percent. Until this year, the COLA for veterans' benefits was rounded down to the nearest dollar. That will change with payments beginning in January.
If you live a perfect lifestyle and your parents and grandparents celebrated their 85th anniversary in the Bridal Suite of your local Motel 6, you can skip today's column, Senior Correspondent Mike Causey says. Otherwise, listen up.
The 2014 white-collar pay raise is not for everybody. Feds at the top of their grades in some cities won't be getting anything at all, Senior Correspondent Mike Causey says.
Requiring federal employees to contribute more of their salary toward retirement is rumored to be among the proposals being considered by the House-Senate budget conference committee as an partial alternative to the sequestration budget cuts. The proposal, which the Congressional Budget Office has concluded would increase federal revenues by nearly $20 billion over 10 years, has criticism from federal-employee unions. But now, at least one think tank, known for its hawkish stance on reducing the deficit, says the proposal could end up not saving the government a dime.
Even as mystery surrounds the work of the House-Senate budget committee negotiating over fiscal 2014 funding levels and possible alternatives to devastating across-the-board budget cuts known as sequestration, there's consensus emerging about some of the potential bargaining chips the committee is likely to use. That includes requiring federal workers to contribute more of their salaries toward their pensions.
In most serious situations, it's good to have a fallback Plan B. When shopping for health insurance you need four of them, Senior Correspondent Mike Causey says.
Nearly all the funds in the Thrift Savings Plan ended last month in positive territory, although with smaller gains than in the past few months. The C Fund, which is tracked to the performance of the Standard and Poor's 500, posted the largest gains — 3.05 percent, according to new data from the Federal Retirement Thrift Investment Board, which oversees the TSP. Of the five regular funds, only the F Fund posted in the red for November
If you are like many federal workers -- and most retirees -- you won't do anything during the health-insurance Open Season, Senior Correspondent Mike Causey says. And that could be a very costly mistake, especially for workers and particularly retirees in the most popular plans: Blue Cross Standard option and Blue Cross Basic. Both are excellent but one costs nearly twice as much as the other.
Federal employees wanting to schedule "use it or lose it" annual leave only have a few days left before their excess vacation days are forfeited. The deadline to schedule excess annual leave is this Saturday, Nov. 30, Office of Personnel Management Director Katherine Archuleta reiterated in a Nov. 26 memo to agency chief human capital officers. The leave must be used by Jan. 11, the end of the leave year.