Issa Statement on Postal Service Decision to Stop Making Retirement Contributions Today, in response to the United States Postal Service (USPS) announcement that they will stop making employer’s contributions for the defined benefit portion of the Federal Employees Retirement System (FERS) for their employees, House Committee on Oversight and Government Reform Chairman Darrell Issa, R-Calif. […]
U.S. Postal Service Institutes Cash Conservation Plan- FERS account surplus valued at $6.9 billion WASHINGTON — The U.S. Postal Service has informed the Office of Personnel Management (OPM) of its intention to suspend its employer’s contributions for the defined benefit portion of the Federal Employees Retirement System (FERS) to conserve cash and preserve liquidity. The […]
The following is a Memo released by the Office Of Personnel Management (OPM) Recredit of Sick Leave for Re-employed FERS Annuitants Who Retire Between October 28, 2009, and December 31, 2013 The U.S. Office of Personnel Management has been asked whether employees covered by the Federal Employees Retirement System (FERS) who retire between October 28, […]
OPM has posted eight revised leave fact sheets on their website: Sick Leave (General Information) Sick Leave for Personal Medical Needs Sick Leave for Family Care and Bereavement Sick Leave to Care for a Family Member with a Serious Health Condition Sick Leave for Adoption Emergency Leave Transfer Program Voluntary Leave Bank Program Voluntary Leave […]
The National Active and Retired Federal Employees Association (NARFE) has compiled information on how a Government shutdown will affect Federal Workers and Annuitants. The information below covers areas which may apply to Postal Workers: Annuity Benefits: Judging from similar government shutdowns in the past, and the fact that OPM retirement operations are not funded through […]
Washington, DC – The U.S. Office of Personnel Management (OPM) launched the Federal Long Term Care Insurance Program (FLTCIP) Open Season which will run from April 4 to June 24, 2011. This is the first FLTCIP Open Season since 2002. “The Federal Long Term Care Insurance Program gives enrollees security and peace of mind as […]
Today, the USPS Office Of Inspector General responded to the OPM Office Of Inspector General’s “A Study of the Risks and Consequences of the USPS OIG’s Proposals to Change USPS’s Funding of Retiree Benefits” OPM’s study concluded: While we understand that the USPS is having financial difficulties, the OPM’s administration of the law has not […]
The White House released the 2012 budget today. In the budget it proposes to reimburse USPS for $6.9 billion in overcharges for FERS retirees. But the repayment is spread over 30 years, including $550 million in 2011. Here is the summary from the White House 2012 Budget outlining provisions for USPS: The Administration recognizes the enormous […]
The Office Of Personnel Management issued the following anouncements: Annuitant Federal Tax Withholding Increase On December 16, 2010, Congress elected not to extend the “Making Work Pay” credit. The “Making Work Pay” credit, part of the 2009 Stimulus Package, expired on December 31, 2010. This could mean higher federal tax withholding amounts in monthly annuities […]
The Office of Personnel Management (OPM) is announcing an Open Season for the Federal Long Term Care Insurance Program (FLTCIP). All eligible individuals who are not currently enrolled in FLTCIP may apply for coverage, including employees, annuitants, and other members of the Federal family. Active workforce members, their spouses, and same-sex domestic partners of civilian […]