Background This report presents the results of our performance of the procedures agreed upon by the Office of the Chief Financial Officer of the U.S. Office of Personnel Management (OPM). The report responds to the U.S. Office of Management and Budget’s requirements to assist the OPM in assessing the reasonableness of employee withholdings and U.S….
March 29, 2022 The Postal Service wants to remind all workers that it is important to complete or update beneficiary information as soon as possible. This simple task takes just a minute or two and can save a lot of heartache down the line. The Life Changes LiteBlue page, a one-stop shop for updating employee…
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…
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…
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…
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,…
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,…
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…
