The OPM recently made an announcement that they are going to increase the costs of certain classes of the Federal Employee Group Life Insurance (FEGLI). This decision was made when we were told that we were going to get an increase in pay of 5.9% due to an increase in the COLA. The attitude seems…
October 2021 The Office of Personnel Management (OPM) recently announced that effective October 1, 2021, FEGLI premium rates will change for some types of coverage. Premium rates for Basic Insurance for employees and Post-Retirement Basic Insurance with 50% Reduction and No Reduction will increase. Most premium rates for Option A, Option B, and Option C…
The Postal Service wants employees to use caution when reviewing promotions for Federal Employee Group Life Insurance (FEGLI) alternatives. USPS employees recently began receiving emails from Premier Protection Insurance that offer several alternative FEGLI plans. The plans aren’t associated with the Postal Service and aren’t supported by the Office of Federal Employees’ Group Life Insurance,…
It’s now easier for Postal Service employees to sign up for life insurance or make changes to their coverage. USPS has added a Federal Employee Group Life Insurance (FEGLI) module to PostalEASE that’s similar to the platform’s health insurance, tax and banking modules. The new module allows current employees to reduce their current FEGLI elections,…
