The proposed bill also includes several other changes related to employee-sponsored retirement savings plans and IRAs
OPM Provides More Details on FEHB Changes for 2021
The Office of Personnel Management issued further details on the health plans for 2021 in addition to the premium rates announcement earlier this month
Lawmakers Propose Emergency Increase for 2021 COLA
In response to the announcement of a 1.3% cost-of-living adjustment for 2021, two lawmakers have introduced emergency legislation calling to increase next year’s COLA
COVID-19 Won’t Delay 2020 Federal Benefits Open Season, OPM Says
The 2020 federal benefits open season will take place as scheduled according to a recent statement from the Office of Personnel Management
Payroll Tax Deferral Would Be Optional for Federal Employees Under Proposed Bill
If passed, the legislation would require federal employees to opt-in to the program in writing rather than being automatically enrolled
House Passes Bill to Protect Federal Employees Returning to Offices Amid COVID-19
The legislation would require each federal agency to publish online a plan to reopen a federal office building at least 30 days prior to the return of federal employees
All Federal Employees Can Carry Over Unused Leave Under Proposed Legislation
If passed, the Federal Worker Leave Fairness Act allow all federal employees to carry over the leave they have accrued when a national pandemic prevents employees from taking time off of work
Bipartisan House Group Urges Administration To Allow Payroll Tax Deferral Opt-Out
43 House members wrote to Treasury Secretary Steven Mnuchin asking that the federal workforce be allowed the flexibility to opt in or out of the payroll tax deferral created in an August 8 executive order
More Federal Employees Subject to Mandatory Payroll Tax Deferral than Originally Anticipated
The IRS informed NTEU that the taxes are deferred if the gross salary is less than $3,999 after several pre-tax deductions are subtracted out, including health insurance premiums and deductions for flexible spending and health savings accounts
TSP to Increase Automatic Enrollment Contribution to 5%
The Federal Retirement Thrift Investment Board is amending its regulations to increase the automatic enrollment percentage from 3 percent to 5 percent of basic pay for all participants who are automatically enrolled in the TSP on or after October 1, 2020