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16 November 2010

FedSmith.com: How You Could Save $45,000 or More on Your FEGLI

FedSmith.com Logo - click to go to FedSmith.com home page November 16, 2010
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Daily Headlines for November 16, 2010

How You Could Save $45,000 or More on Your FEGLI
As a federal employee, you enjoy an excellent benefits package with many types of insurance coverage available to you. However, private-sector insurance alternatives for which you may be eligible could save you tens of thousands of dollars over time.
Posted: 11/15
RELATED HEADLINES:

What Federal Employee Health Plans Are Available In Your State?
Which federal employee insurance program is the best one for you to use in your state? Which insurance program offers the most competitive rates? Our new search feature quickly displays the plans available in your state and related information you need to make a decision.
Posted: 11/16
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Mess With Uncle Sam's Agents At Your Own Risk
A California man who made national headlines by refusing a full body scan at an airport and recording his confrontation with TSA agents is now under investigation by the federal government. The investigation could lead to prosecution and civil penalties of up to $11,000.
Posted: 11/16
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Prisons' Employee Wins Federal "Save Award"
Trudy Givens from Portage, Wisconsin works for the Bureau of Prisons. The Federal Register is currently mailed to about approximately 8,000 Federal employees every workday. Her suggestion: Cut down on on the number of copies of the Federal Register that are mailed.
Posted: 11/16

Urging Airports To Opt Out of TSA Screening
TSA is relying more on passenger humiliation than on practices that are proven staples of airport security according to one of the authors of the TSA bill. John Mica (R-FL) is also reminding airports they can opt out of using the TSA screening procedures as the current system is only designed to make passengers feel more secure without providing real security.
Posted: 11/16
RELATED HEADLINES:

Deciding When to Retire
Retiring at the end of leave years 2010 or 2011 is advantageous for federal employees who want to hold out for the maximum payment for unused annual leave and get the benefit of the pay increase that starts on the first pay period on or after Jan. 1 each year. There are also disadvantages you should know about.
Posted: 11/16
RELATED HEADLINES:

Freedom of Information Act Request? Don't Bother!
"The White House's open government leader said Americans should not bother filing requests for government documents under the Freedom of Information Act and instead should contact open government officials at agencies who can post or e-mail the materials faster."
Posted: 11/16

Boldly Going Nowhere
"Federal agencies seem to stray from their primary mission, finding new and increasingly mediocre tasks to perform. They are boldly going nowhere." For example, NASA Administrator Charles Bolden stated his top priority was Muslim outreach. Putting another man on the moon or launching satellites to discover life on another planet is apparently no longer their top priority.
Posted: 11/16

The Financial Impact of a Salary Freeze or Retirement Computation Change On Your Future Income
This article quantifies some of the changes that have been proposed to the federal retirement system. How much would a pay freeze impact your future income? How much of an impact would you see if the "high three" were changed to a "high five."
Posted: 11/14
RELATED HEADLINES:

OPM Delaying New Database To Contain Health Info on Millions of Americans
OPM is delaying the launch of a controversial health claims database by one month. The new database will contain health information on millions of Americans. In a Federal Register notice, the agency said it was delaying the deadline to Dec. 15 so it can accommodate more comments from the public.
Posted: 11/16

Taking the Axe to Federal Spending - More Suggestions from the Debt Commission Co-Chairmen
The co-chairs of the National Commission on Fiscal Responsibility and Reform released a draft report on 11/10 outlining ways to cut the federal deficit. We highlight some additional items from that report that will be of most interest to our readers.
Posted: 11/11

FLRA Says Airport Screeners Can Have A Union But No Collective Bargaining
In what the author calls perhaps the wackiest decision in the history of Federal labor relations, the Federal Labor Relations Authority decides to allow the election of a union to represent the Transportation Security Administration’s Transportation Security Officers with no collective bargaining permitted. Also crazily, the unions involved, AFGE and NTEU, applaud the decision. Another case of political bone throwing in DC? You decide.
Posted: 11/12
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Politics, Schmolotics...
A career federal employee and human resources expert takes a look at the recent election, recommendations for cutting the deficit and how politics is likely to impact federal employees and retirees both near and longer term.
Posted: 11/11
RELATED HEADLINES:

Previous Articles on FedSmith.com

"Deposit Service" And Your Federal Employee Retirement
Will federal "deposit service" impact your federal retirement annuity? It may impact CSRS and FERS employees in different ways. Here is an explanation of how this could impact your future retirement income.

Politics, Schmolotics...
A career federal employee and human resources expert takes a look at the recent election, recommendations for cutting the deficit and how politics is likely to impact federal employees and retirees both near and longer term.

1.6% Pay Raise for 2012?
Despite the election year rhetoric, it is still possible to come up with an estimate of your future pay increase based on past actions by Congress and the President.

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Daily TSP Rates

For November 15, 2010
  Close Change YTD
G $13.4492 +0.0024 +2.51%
F $14.3203 -0.0708 +7.39%
C $14.4461 -0.0166 +9.29%
S $19.6249 +0.0160 +19.22%
I $19.6441 -0.0126 +5.97%
L 2040 $17.1382 -0.0157 +9.61%
L 2030 $16.8147 -0.0136 +8.76%
L 2020 $16.4825 -0.0112 +7.59%
L 2010 $15.8974 -0.0049 +4.45%
L Income $14.5098 -0.0045 +4.53%

More TSP Rates and Info are available at the TSP Corner

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