Benefits
Federal government employees enjoy a wide range of benefits that go far beyond insurance and retirement. Each agency is free to offer its own benefits package, but most people would agree that federal benefits as a whole are generous. But the many choices and options can be confusing. Drill down into the subtopics under Benefits in the menu above to find details on all the benefits programs.
Articles
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This week, Nathan Abse interviews Jeffrey Wenger, a labor economist and senior policy researcher with RAND—and an expert on non-wage benefits—on this important potential perk for feds.
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Jeffrey Wenger, a labor economist and senior policy researcher with RAND—and an expert on non-wage benefits—discusses the potential perk of paid family leave feds.
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This week’s column discusses the “recharacterization” of IRA contributions. Under the Tax Cuts and Jobs Acts of 2017, the new tax that became effective Jan. 1, 2018, those individuals who made the wrong type of IRA contributions may still undo their contributions through recharacterization. The column explains the recharacterization process, including IRS required forms and deadlines.
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QA
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Premiums are negotiated annually between the Office of Personnel Management and each insurance carrier. The maximum government contribution is 72 percent of the weighted average cost of all plans, not to exceed 75 percent of the cost of any specific plan.
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All employees in the Executive Branch who are participating in the FEHB and whose pay is issued by an Executive Branch agency are eligible to have their premiums paid with pretax dollars.
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There are several threshold requirements for any such payments. You must have had 18 months of creditable civilian service and (except in cases of accidental death) your surviving spouse must have been married to you for at least nine months at the time of death, or be a parent of a child of the marriage.
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