How Much Will You Get in Severance Pay?
OPM has provided a worksheet to help employees calculate how much severance pay they may be entitled to if they are involuntarily separated from federal service.
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
OPM has provided a worksheet to help employees calculate how much severance pay they may be entitled to if they are involuntarily separated from federal service.
Federal benefits are generally better than benefits offered in the private sector. This accounts for much of the disparity between federal and private sector compensation according to the CBO.
Legislation introduced in the House would guarantee federal employees’ pay in the event of a government shutdown.
Requirements for full Social Security retirement benefits are changing in 2018. Also, here is an update on the 2018 COLA.
OPM has renewed its contract with LTC Partners to have the company continue providing BENEFEDS services to federal employees.
There is now another indication that federal employees will receive an average raise of 1.9% in 2018.
The government may shut down April 29th. A bill to ensure federal employees are paid has not been approved. Congress will only have a few days to approve funding after convening in late April.
One Senator wants to make sure federal employees get their full paychecks if the government shuts down later this month.
Recently introduced legislation would change withdrawal rules to give federal employees more options when taking funds out of their TSP accounts.
Congress recently established three new types of administrative leave. The author explains how they work and to whom they apply.