NALC: Changing FEGLI premiums may affect retired letter carriers

The Office of Personnel Management (OPM) reports that, as of Jan. 1, premiums for many options and age brackets under the Federal Employees’ Group Life Insurance (FEGLI) program changed due to actuarial adjustments. OPM has announced new FEGLI premium rates for employees and retirees, effective with the Feb. 1 payment that covers January. Premiums for…

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APWU: Initial Payments of $56 Million Settlement Disbursed

Web News Article #: 008-2016 01/15/2016 – The Postal Service has informed the APWU that initial payments of a $56 million grievance settlement were included in paychecks dated Jan. 15, reports Clerk Craft Director Clint Burelson. Eligible retirees have been receiving their settlements and that process should be completed with the last of the retirees…

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