Kansas City, Kan.— It’s no surprise that companies have struggled over the past few years to provide the level of benefit coverage they were offering their employees five years ago. One of the most expensive components of some organizations’ benefits plan is the offering of health coverage to retirees. The Benefits USA 2011/2012 survey results […]
In accordance with federal regulations governing Federal Employees Dental and Vision Insurance Program (FEDVIP) enrollment, premiums are deducted for 26 pay periods, not for the entire benefit year. Therefore, employees currently enrolled in FEDVIP will not have premiums deducted in pay period 02-2012 (covering the paycheck issued on Jan. 20). Premium payments for enrollments continuing […]
Handbook F-15-A Revision: Reinstatement of Relocation Leave for Eligible Executive and Administrative Schedule Employees Effective September 19, 2011, relocation leave for eligible executive and administrative schedule (EAS) employees has been reinstated. Handbook F-15-A, Relocation Policy — Non-Bargaining Executive and Administrative Schedule Employees, is revised to include relocation leave for eligible EAS employees. [Add new subchapter […]
According to USPS: Compensation and benefits costs represent approximately 65% to 71% of total operating costs. However, when workers’ compensation and retiree health benefits, including the legally mandated prefunding of the retiree health benefits, are added, total personnel costs increase to approximately 77% to 80%. Although many significant steps have been taken to decrease compensation […]
Today, the USPS Office Of Inspector General responded to the OPM Office Of Inspector General’s “A Study of the Risks and Consequences of the USPS OIG’s Proposals to Change USPS’s Funding of Retiree Benefits” OPM’s study concluded: While we understand that the USPS is having financial difficulties, the OPM’s administration of the law has not […]
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 […]