USPS OIG: Independent Report to OPM on Employee Benefits

Independent Report to OPM – Employee Benefits, Withholdings, Contributions, Supplemental Semiannual Headcount Reporting Objective We performed procedures agreed upon by the U.S. Office of Personnel Management’s (OPM) Inspector General and the OPM’s Chief Financial Officer. This attestation engagement is an annual requirement of the U.S. Office of Management and Budget. Our objective was to assist…

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USPS reminds employees to update their beneficiary forms

The Postal Service wants employees to have up-to-date beneficiary forms for life insurance and other benefits. While completing a beneficiary form is not mandatory, doing so allows an employee to choose who will receive payment. If an employee does not name a beneficiary, payment will be made to the next of kin according to a…

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USPS: Beware of unofficial insurance solicitations

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,…

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USPS OIG: Independent Report on Employee Benefits

Objective: We performed procedures agreed upon by the U.S. Office of Personnel Management’s (OPM) Inspector General and the OPM’s Chief Financial Officer. This attestation engagement is an annual requirement of the U.S. Office of Management and Budget. Our objective was to assist the OPM in assessing the reasonableness of U.S. Postal Service employee health benefits,…

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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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What Happens to Your Benefits if You Die While Still Working?

By John Grobe – July 13, 2015 What happens to your benefits if you die while still working? This is a question we do not want to ponder, as we all plan on living long after we retire. When it comes to Ben Franklin’s quote, “Plan like you’ll live forever; pray like you’ll die tomorrow,”…

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Postal Retirement Q&A June 2014

Good Day Postal Employees!! Several months ago, (and quite frankly for the last year) I’ve been harping on reviewing your eOPF’s. Serious situations caused by improper filing of forms, and generally what is and IS NOT contained in your eOPF, was based on this case. I explained a month or so ago, that the case…

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