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Archive: Federal Employee Benefits

11Sep

2019

Our team of federal employee benefits consultants, case managers and attorneys have extensively reviewed the federal government’s changes coming in the Thrift Savings Plan (TSP) Modernization Act and we’re excited to share what we’ve learned. The Office of Personnel Management (OPM) will implement these new regulations to all new, current and former federal employee TSP…

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12Apr

2019

You may have recently come across news stating that President Trump is looking to dismantle the Office of Personnel Management (OPM). While on the surface this may seem like an apocalyptic scenario for federal employees, the history surrounding the agency may shed some light on the reason for the Trump Administration’s policy proposition.   Since…

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21Jan

2019

Monday, January 21, 2019, marks the day that the shutdown has dragged on past the 30-day mark. This means agencies must send a 2nd furlough notice to non-excepted employees. “After the first 30 days in a furlough status, agencies are required to deliver a 2nd furlough notice to currently furloughed employees,” the Office of Personnel…

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17Jan

2019

It’s not just federal agencies and employees who are feeling the impact of the partial government shutdown. Small business owners are as well. That’s because agencies like the Small Business Administration and Internal Revenue Service are not providing information or services. Here is a look at what is and isn’t available for businesses: SBA Loans…

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16Jan

2019

The Federal Retirement Thrift Investment Board is planning a “significant launch promotion” beginning this month to implement the Thrift Savings Plan changes stemming from the TSP Modernization Act. Congress imposed a deadline for these changes of November 1st, but the Board plans to implement them on October 1st. Below is a summary of changes participants…

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14Jan

2019

We are nearing one month of this partial government shutdown and many federal employees are wondering about leave, pay, or what happens if they can’t pay their bills, i.e. mortgage. Here are a few reminders, and new bills, to help clarify. Leave When there is a lapse in appropriations, all paid leave or other paid…

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10Jan

2019

Federal employees facing missing check Friday. Major media reported on the situation for federal employees who are facing a coming payday in which they may not be paid. NBC Nightly News (1/9, story 5, 1:30, Holt, 8.42M) reported, “For millions of Americans, the shutdown is far more than a political fight in Washington.” NBC (Costello)…

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26Dec

2018

Medicare Part D is a voluntary prescription drug program for Medicare beneficiaries. It gives access to retail outpatient prescription drugs at reduced rates. Retirees in the Federal Employee Health Benefits Program often wonder whether they should sign up for Part D. Eligibility To be eligible to enroll in a Part D drug plan as a…

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19Dec

2018

With a federal government shutdown possible at the end of this week, a lot of information is being released about who would get furloughed and which agencies would shut down. During a shutdown, the government “must discontinue all non-essential discretionary functions until new funding legislation is passed and signed into law,” the Committee for a…

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18Dec

2018

Lawmakers have until this Friday, December 21st to finalize funding for several agencies to avoid a partial government shutdown. Not all agencies, however, will be affected. Congress has already funded close to 75% of the government through September 2019. Only agencies covered under these remaining appropriations bills would feel the effects: Commerce, Justice, Science and…

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