The Office of Personnel Management has finalized four new locality pay areas for 2024 adding approximately 33,000 federal employees to the locality pay system more…
Health Care FSA Contribution Limits Increase for 2024
Enrolling in an FSA during open season gives participants a pre-tax benefit that’s used to pay for eligible medical, dental, and vision care expenses not covered by a health care insurance plan more…
Senate Bill Would Increase COLA for Many Federal Retirees
If passed, the Equal COLA Act would end the disparity between the two federal retirement systems (CSRS and FERS) and ensure all federal retirees receive full cost-of-living adjustments on their annuities more…
80% of Retirees Want Better Inflation Protection
According to a new survey, 80% percent of retirees think Congress should beef up inflation protection by providing a cost-of-living adjustment (COLA) that more closely reflects inflation experienced by older adults more…
TSP Catch-Up Contributions Will Change in 2026
The Thrift Savings Plan will use a two-year transition period to conform to new IRS guidance regarding how some federal employees can make catch-up contributions to their TSP account more…
OPM Lists FEHB Plans Terminating in 2024
Enrollees in these terminating plans must make a positive election into another FEHB plan choice during open season or be automatically enrolled in the lowest-cost nationwide plan option… more…
Many Long-Term Care Insurance Enrollees Affected by Premium Increase Effective Jan. 1, 2024
FLTCIP enrollees were sent sent letters this month about the premium increase with personalized options more…
White House Formalizes 2024 Federal Pay Raise
The across-the-board base pay increase will be 4.7 percent and locality pay increases will average 0.5 percent, resulting in an overall average increase of 5.2 percent more…
2024 TSP Contribution Limit to Increase, Consultants Predict
The IRS usually announces official limits for the coming year in late October more…
Bill Would Reinstate Tax Deduction for Union Dues, Other Employment Expenses for Federal Employees
Legislation introduced last month would allow workers to deduct common employment expenses such as travel… more…