USPS: Employees urged to review benefits statement

The Postal Service is mailing all employees a personal benefits statement that details their overall compensation package. When you receive your statement, USPS wants you to pay close attention to the following information: • What you paid in 2018 for health benefits. Many employees pay for more health insurance than they need, often giving up…

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USPS: Employees urged to review benefits info

The Postal Service is mailing every employee a personal benefits statement that details his or her overall compensation package. When you receive your statement, USPS wants you to pay close attention to these three sections: • What you paid for in 2017 for health benefits. Many employees pay for more health insurance than they need,…

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OIG Report – Employee Benefits, Withholdings, Contributions, and Headcount Reporting to OPM

BACKGROUND At the request of the U.S. Office of Personnel Management (OPM) Office of Inspector General (OIG), we performed procedures agreed upon by the OPM’s Inspector General and the Chief Financial Officer. This attestation engagement is an annual requirement of the U.S. Office of Management and Budget. Our objectives were to assist OPM in assessing…

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USPS agrees to $49 million settlement after having long ‘dawdled’ in payments to beneficiaries

By Joe Davidson – April 11, 2017 It’s bad enough for family members when a loved one dies. Getting cheated by Uncle Sam afterward makes it worse. He did that in cases involving more than 2,000 beneficiaries who didn’t get the full benefit of U.S. Postal Service life insurance policies. After waging a losing fight,…

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USPS: FEGLI open enrollment period begins Sept. 1

The Federal Employees’ Group Life Insurance Program (FEGLI) open enrollment period begins Sept. 1. During the 30-day open season, eligible Postal Service employees can enroll in FEGLI or increase their coverage up to the program maximum without having a “qualifying life event,” answering medical questions or having a physical exam. FEGLI highlights: The program offers…

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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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FEGLI: Premium Changes, Open Season in 2016

By John Grobe – December 15, 2015 Upon receiving the leave and earnings statement for the first full pay-period of 2016, many employees will notice that their premiums for Federal Employees Group Life Insurance (FEGLI) have increased. HR offices are used to fielding calls on this topic each January. Retirees might notice a change in…

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Some federal employee life insurance rates to rise; others to see decrease

By Eric Yoder – August 6, 2015 On the heels of an immediate premium hike in the long-term care insurance program for federal employees, some rates are going to increase in 2016 in their much more widely used life insurance program — although others will hold steady and still others will decrease — the is…

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