Not every individual can qualify for long-term care insurance, its premiums can be unaffordable, and benefits paid may not be deployed as soon as the insured needs them. Federal benefits expert, Ed Zurndorfer, discusses some alternatives more…
Articles
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 more…
Understanding Your Future Long-Term Care Needs — Part II
One way for paying for long-term care expenses is having long-term care insurance. Federal benefits expert, Ed Zurndorfer, outlines the Federal Long-Term Care Insurance Program (FLTCIP): who is eligible, how to apply, the benefit choices, and the options for paying premiums… more…
2021 Federal Retiree COLA Watch
With only one month left in determining the 2021 retiree COLA, the current trend increased slightly over last month. The official COLA figure will be released in mid-October more…
Federal Employee Group Asks OMB for Answers on Payroll Tax Deferral
The administration owes federal employees an immediate explanation of how and when the temporary tax deferral will affect their pay, according to a letter NTEU sent last week more…
Understanding Your Future Long-Term Care Needs — Part I
Federal benefits expert, Ed Zurndorfer, discusses what federal employees should know in preparing for their future long-term care needs more…
House Democrats Seek Answers On Payroll Tax Deferral Order for Federal Employees
17 House Democrats on the House Ways and Means Committee last week sent a letter to the Trump Administration seeking clarity on the rollout of the president’s executive order on deferral of payroll taxes more…
2020 Federal Benefits Open Season Dates and Options Announced by OPM
The Office of Personnel Management officially announced the dates of the open season for FEHB, FEDVIP and FSAFEDs. It also provided answers to FAQs on the options available more…
Have You Checked Your Tax Withholding This Year?
The IRS’ online tool makes it easy for both employees and retirees to determine if they are having too little or too much federal tax withheld more…
Understanding the TSP Life Annuity Withdrawal Option – Part II
Federal benefits expert, Ed Zurndorfer, outlines the advantages, disadvantages and risks of a Thrift Savings Plan annuity. Several practical examples are included. more…