OPM: Retirees Fed Tax Withholding Increases, Annuity Check Decreases In 2011

The Office Of Personnel Management issued the following anouncements: Annuitant Federal Tax Withholding Increase On December 16, 2010, Congress elected not to extend the “Making Work Pay” credit. The “Making Work Pay” credit, part of the 2009 Stimulus Package, expired on December 31, 2010. This could mean higher federal tax withholding amounts in monthly annuities […]

OPM Announces Open Season For Long-Term Care Insurance

The Office of Personnel Management (OPM) is announcing an Open Season for the Federal Long Term Care Insurance Program (FLTCIP). All eligible individuals who are not currently enrolled in FLTCIP may apply for coverage, including employees, annuitants, and other members of the Federal family. Active workforce members, their spouses, and same-sex domestic partners of civilian […]

OPM Statement At Senate Subcommittee Hearing On USPS Retirement Overpayments

OPM Reiterates its position at Senate Subcommittee hearing that it does not have Authority to Reallocate USPS CSRS Overpayments OPM: Finding Solutions to the Challenges Facing the U.S. Postal Service STATEMENT OF JONATHAN FOLEY DIRECTOR OF PLANNING AND POLICY ANALYSIS U.S. OFFICE OF PERSONNEL MANAGEMENT December 2, 2010 We believe the assertion that OPM has […]

Federal Employees 2011 Open Season for Health Benefits, Dental, Vision Insurance and FSA

From the Office Of Personnel Management • The U.S. Office of Personnel Management (OPM) has announced that this year’s open season for health benefits, dental and vision insurance, and Flexible Spending Accounts will run from November 8 through December 13, 2010. This open season will give federal employees and retirees the opportunity to change their […]

OPM Does Not Have Authority to Reallocate USPS CSRS Overpayments

OPM’s Response to the Postal Regulatory Commission Regarding USPS CSRS Overpayments: Legislative History OPM determines the Postal Service’s responsibility for CSRS costs in accordance with current law. OPM’s methodology is based on the determinations made by prior Congresses that the Postal Service is responsible for CSRS costs attributable to pay increases granted by the Postal […]

Postal Employee Who Retired Under Early Retirement Is Challenging OPM Over FERS Annuity Supplement

My name is Lennis B. Reynolds I am a retired Postal employee who took a VER/Incentive offer in August 2009. I am taking OPM to MSPB about the FERS Annuity Supplement. The difference without the Supplement is $1000.00 per month in retirement income. To : Honorable Howard J. Ansorge Administrative Judge Central Regional Office 230 […]

OPM Study Finds Federal Workers Earn 22 Per Cent Less Than Private Sector

A new OPM study finds that federal employees earn 22 percent less than their private sector counterparts doing similar jobs. Now, the study examined straight salary and didn’t factor in benefits. OPM says there is no information to compare federal and non-federal benefits. The findings are based on data from the Bureau of Labor Statistics. […]

PRC Affirms USPS Overpaid $50 Billion to Retirement Fund

OPM Must Reconsider Calculations The Postal Regulatory Commission (PRC) released an independent actuarial report [PDF] on June 30 which confirms that the Postal Service was overcharged $50-$55 billion for payments to the Civil Service Retirement System (CSRS) between 1972 and 2009. The report recommended an “adjustment” of $50-$55 billion in favor of the Postal Service. […]