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Benefits News

OPM puts small dent in claims backlog in September

The Office of Personnel Management last month put a small dent in its claims backlog after it reached a high in recent months.

Employees Need to Understand the Rules for Inherited IRAs - Part IV

In the fourth of four columns discussing the rules for “inherited” IRAs, this week’s column discusses the rules for naming trusts as IRA beneficiaries. Specific IRS requirements for naming a trust as an IRA beneficiary is presented. Two potential IRS traps associated with naming trusts as IRA beneficiaries are also presented together with some suggestions to avoid these traps.

The TSP yoyo

For many federal investors October is the scariest time. Some say it is akin to walking through a financial mine field full of booby traps waiting to happen. October is when the Great Depression started in 1929. The tenth month of 1987 was when the bottom fell out again giving us the Great Recession, which was unmatched until 2007, October naturally, when the most recent Great Recession happened and the country almost went under.

Fed retirees get 2 percent COLA in 2018

Federal retirees will get a 2 percent cost-of-living adjustment for 2018, which is in accordance with the latest consumer price data released by the Bureau of Labor Statistics.

D.C.-area commission reviews federal parking policies

After more than a decade, the National Capital Planning Commission is reviewing its federal parking policies, which will likely have an impact on federal workers in the Washington, D.C., region.

FEHBP expert: Feds have a good deal despite higher premiums

Federal employees may have to pay more for their health insurance premiums but they still have a good deal, according an independent health economist who studies the Federal Employees Health Benefits Program.

House passes budget that targets feds’ retirement, health benefits

The House on Thursday passed a fiscal year 2018 budget resolution that will make cuts to federal employees’ and retirees’ retirement and health benefits.

Employees need to understand the rules for inherited IRAs - Part III

In the third of four columns discussing the rules for “inherited” IRAs, this week’s column discusses the rules for non-spousal beneficiaries of “inherited” IRAs such as children and siblings. The column will present the withdrawal options for a non-spousal beneficiary of an “inherited” IRA that differ significantly compared to the withdrawal options for a spousal beneficiary.

TRICARE announces new fee structure, enrollment policy

TRICARE has announced changes to its enrollment policies and a new fee system, which will go into effect at the beginning of 2018.

Lawmakers launch investigation into officials’ use of tax-payer funded flights

Two lawmakers have launched an investigation into White House officials’ use of tax-payer funded private-jet flights.

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