• House Blocks OPM-GSA Merger

    House Blocks OPM-GSA Merger

    The House of Representatives passed the FY 2020 National Defense Authorization Act (NDAA), which included an amendment that would block the administration’s proposed reorganization of the Office of Personnel Management. This action comes just days after lawmakers wrote to Acting OPM Director Margaret Weichert to criticize “premature” discussions of furloughs.

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retirement - FEDmanager - News for feds

10 Financial Goals to Reach By Age 40

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Once we hit our 40s, we should have a firm handle on our careers, our family relationships, and have built a strong foundation for long-term financial success. To help you get a gauge on where you are, we’ve put together our 10 Financial Goals to Reach By Age 40.

2018 Fed Pay Raises, TSP Continues to Grow

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Rep. Gerry Connolly, D-Va., introduced the Federal Adjustment of Income Rates (FAIR) Act recently which would give civilians a two percent adjustment to their base pay, and a 1.2 percent average increase to their locality pay. 

5 Underrated Skills That Make You Invaluable in Federal Service

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Federal service has its own thrills, challenges, and culture. Civilian Federal Employees are impacted by political decisions and evolving agency landscapes, all while working to create tangible, long-lasting impacts on the country. If you’re a Federal employee, you likely take pride in your dedication to public service. No matter where you are in your career, our list of 5 Underrated Skills That Make You Invaluable in Federal Service can help you add polish to your professional reputation. 

7 Essential Mobile Apps for Federal Employees in 2019

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Most Civilian Federal Employees own smart phones loaded with apps designed to add value to their daily lives. For those looking for guidance on government information and services, there are a variety of mobile apps sponsored by the Federal government which provide relevant and accurate information.

Allow Feds to Buy Credit Toward Their Retirement

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Those who truly know federal service understand that working for the government is not just another job. You apply yourself to hard work, day after day.

Are You Prepared for The High Cost a Chronic Illness Would Bring?

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In 2016, researchers from the U.S. Department of Health and Human Services estimated that almost 70% of people turning age 65 will need some type of long-term care services in their lifetimes. If you or someone you know has ever had to care for a loved one with a chronic disease or condition, you know the emotional, physical, and financial burden this can create.

Chaffetz Talks Changes to Feds’ Job Security and Retirement

from the hill

This week, Representative Jason Chaffetz (R-UT), who chairs the House Oversight and Government Reform Committee, spoke out about his intent to reform federal employees’ retirement benefits and job security.

Considering Life Insurance? Take a Detailed Needs Analysis

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When purchasing life insurance, it's important to understand the financial needs of your beneficiaries before you choose a policy. Many individuals tend to think backwards when it comes to life insurance. They make critical decisions on the product they want, whether it’s permanent life insurance, basic term life insurance or even a combination of both, before thinking through the amount of protection they need. As such, you really need to first figure out how much life insurance you need before you even think about the product that would be most appropriate. A needs analysis can help you determine how much life insurance you should buy.

Evaluating Life Insurance Coverage Outside of Open Season

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While it’s not Open Season for Life Insurance, it’s a perfect time to evaluate your coverage. Life insurance is a vital tool when it comes to safeguarding your family’s future. How would your family’s income be impacted if you passed away? What if you receive a terminal diagnosis? What will your family need to retain financial stability? Fortunately, you can apply for WAEPA’s Group Term Life Insurance at any point in the year – meaning you don’t have to wait for an Open Season period to supplement or replace your coverage from FEGLI. 

Federal Circuit Reverses MSPB Order to Repay OPM Overpayment

shaw bransford & roth case law update

After the Merit Systems Protection Board found that a retired federal employee failed to prove that the recovery of overpaid benefits from the Federal Employee Retirement System (“FERS”) would be against equity and good conscience, the Court of Appeals for the Federal Circuit reversed the MSPB’s decision, finding that the Administrative Judge’s analysis (which the full Board accepted) was not supported by substantial evidence, was erroneous, and that recovery of the overpayment was unconscionable given the “inexplicable” three-year delay by OPM to finalize the retiree’s benefits, and the additional four-year delay between the retiree’s request for reconsideration and OPM’s decision. 

Federal Pay Raise: 4 Things You Need to Know

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During the first few weeks of the shutdown, many Feds were disappointed by news of an executive order to freeze pay for Civilian Federal Employees in 2019. Then, in an unexpected turn, Congress passed a federal pay raise in a funding bill on February 15, effectively overturning the freeze. On March 28, President Trump signed an executive order officially implementing the change. In case you’re confused by the complicated discussions around federal pay, here are four things you need to know about the raise:

FREE Federal Benefits Guide

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Over 9 million current and former Federal Employees and their families rely on some form of benefits from the Federal Government. With the quantity of rules and regulations surrounding these benefits, it’s imperative to have a firm understanding of how these policies can directly affect you.

Government Shutdown Q&A with Shane Canfield

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WAEPA (Worldwide Assurance for Employees of Public Agencies), a nonprofit Voluntary Employee Benefits Association which offers Group Term Life Insurance* exclusively to Civilian Federal Employees, made headlines in January when they announced they were waiving January’s premiums for all their members, including those for Members not impacted by the partial Government Shutdown, which went on for 35 days from December 21, 2018 to January 25, 2019, and affected approximately 22% of Federal workers.

House GOP Budget Proposal Includes Federal Retirement Cuts

from the hill

After initially displaying reticence to go along with the cuts to federal employees proposed in President Trump’s budget blueprint, House Republicans this week included similar measures in their own budget blueprint.

How I Save Over $427 a Year with WAEPA

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This article is written by Brandon Jones

During my tenure as a Civilian Federal Employee, I was tuned into various Federal programs, like the Thrift Savings Plan (TSP), Federal Employee Retirement System (FERS), health options during Open Season, and other auxiliary benefits. I was not aware, however, that Feds have options beyond FEGLI for life insurance coverage. It was only until I joined the private sector that I heard about WAEPA, a nonprofit that’s been exclusively serving Civilian Federal Employees with Group Term Life Insurance* for more than 75 years.

Major Shifts to the G Fund Following Brexit

brexit eu

Markets dropped drastically in June after the United Kingdom voted to leave the European Union, and following the fallout from the Brexit, Thrift Savings Plan (TSP) enrollees moved $1.8 billion into the G Fund in June. 

Money-Saving Discounts for Federal Employees

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While government jobs are known for their stability, they are not necessarily renowned for their pay scales. Fortunately, one of the perks of being a federal employee is that many companies are willing to thank public servants by offering them discounts on almost anything, from computers and cell phones to hotels and flights. Such discounts and deals are provided exclusively to federal employees and their families. To capitalize on these savings, be on the lookout for the following essential federal employee discounts:

Paying Off Your Mortgage in 5-7 Years

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WAEPA’s Annual Member Meeting this October will include a Plenary Address by Jordan Goodman, America’s Money Answers Man, on a variety of cutting-edge topics surrounding Financial Wellness. WAEPA sat down with Jordan to discuss one of the most noteworthy portions planned for speech, centered around paying off your mortgage in 5-7 years (on your existing level of income!).

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