News for the federal worker and those interested in official news of the federal government, federal civilian service employees and civil servants. Various federal news articles with reference citations.
Snippet of Article: "...The Federal Employee Group Life Insurance (FEGLI) program is the largest group life insurance plan in the work, consisting of over 4 million federal workers and retirees. It is comprised of four components: Basic coverage, and three types of optional insurance that can be added to basic, known as “A,” “B,” and “C.” ..."
Source: stwserve.comSnippet of Article: "The federal workforce is older on average. Almost 30 percent (635,397) of employees are older than 55...The U.S. Equal Employment Opportunity Commission earlier this year issued a report on workers age 40 and over in the federal workforce with details regarding pay disparities, the proportion of older workers on staff, complaints of age discrimination..."
Source: www.federaltimes.comSnippet of Article: "...Federal employees who have or are planning to retire soon could wait months longer than usual before receiving final annuity payments due to processing delays at one of the major payroll providers. At least three agencies have warned employees in recent months of delays at the National Finance Center..."
Source: federalnewsnetwork.comSnippet of Article: "... Suppose John will have 30 years of service this year, including six years of military service (for which he has paid a deposit) and 24 years under FERS. He's 59, so he's past the FERS minimum retirement age. If he retires with 30 years of service, his FERS basic retirement will provide 30 percent of his high-three average salary. He's been at the GS 13-10 level for the past three years. His current salary is $113,007. His retirement will be computed as: 30% x $108,027 (high-three average) = $3...Wait to retire at 62. Then his FERS benefit will be computed at 1.1 percent for every year of service, instead of 1 percent, a 10 percent increase..."
Source: www.govexec.comSnippet of Article: "...At a minimum, legislators should do no additional harm to the retirement system in their quest for tax cuts. But it would be far better if Washington focused its political capital solving a real problem: Ensuring retirement security for all Americans..."
Source: www.forbes.comSnippet of Article: "...suggested achieving that goal by increasing required contributions toward retirement benefits and eliminating the “special retirement supplement” paid to those under FERS who retire before age 62 and until that age when they can draw Social Security benefits..."
Source: www.fedweek.com
everify Social Security Lock | Protect Yourself From The Foreign Invasion Snippet of Article: "...Self Lock is the unique feature...