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FEGLI offers four levels of coverage: Basic and three Options (A, B, and C). In order to enroll in any Option, the employee must be enrolled in Basic.. Basic--the amount of coverage ("Basic Insurance Amount" or BIA) equals the employee's salary (rounded up to the next $1,000) plus an additional $2,000 (e.g. an employee making $97,500 would have $100,000 of coverage: $97,500 rounded up to ...
The 90-day transition period for retirement was reduced to 60 days in 1991, after Air Force chief of staff Michael J. Dugan was fired for indiscreet comments to the press during Operation Desert Shield. Having left office on September 17, 1990, the 90-day transition period meant Dugan should have retired or reverted to major general by December ...
Most new federal employees hired on or after January 1, 1987, are automatically covered under FERS. Those newly hired and certain employees rehired between January 1, 1984, and December 31, 1986, were automatically converted to coverage under FERS on January 1, 1987; the portion of time under the old system is referred to as "CSRS Offset" and only that portion falls under the CSRS rules.
Authorized retired officers who held the active-duty rank of general or admiral for at least 180 days to recompute their retired pay based on the $200 monthly pay increment from 1955 (69 Stat. 19). Authorized retired officers recalled to active duty in a higher tombstone grade to recompute their retired pay using the higher grade after serving ...
President-elect Donald Trump said he'd fire federal workers who won't return to the office and also challenge in court a Biden-era deal on the issue.
Employees hired after 1983 are required to be covered by the Federal Employees Retirement System (FERS), which is a three tiered retirement system with a smaller defined benefit (pension), Social Security, and a 401(k)-style system called the Thrift Savings Plan (TSP). The defined benefits of both the CSRS and the FERS systems are paid out of ...
Apr. 28—New Mexico's House Republican Caucus has moved to join a lawsuit against the state Public Education Department to halt a policy requiring 180 instructional days at districts and schools ...
Apr. 17—Santa Fe Public Schools can expect a challenging budget process as officials endeavor to comply with a new state rule requiring 180 instructional days without a major increase in funding.