In 2025, FEHB enrollees will see largest health premium increase in over a decade

In 2025, FEHB enrollees will see largest health premium increase in over a decade

Article Excerpt: "...“The premium increases are due to the impact of price increases by providers and suppliers, increased utilization of certain prescription drugs and behavioral health spending,” OPM said. “Industry-wide cost pressures affect FEHB and PSHB rates similarly.” In dollars, FEHB enrollees will begin paying an average of $26.10 more toward their biweekly health premiums in 2025. ..."

Resource: federalnewsnetwork.com

2025 | FEHB enrollees will see largest health premium increase in over a decade (2024 Decision - Harris/Biden Inflation)

Should You Retire in Hawaii?

Should You Retire in Hawaii?

Article Excerpt: "...For many retirees, it doesn't get much better than relaxing on the beach and enjoying the sunshine. Retiring in Hawaii, then, could be a dream come true for many people. As with any state, though, there are advantages and disadvantages to calling Hawaii home. While it can be an incredibly costly place to retire, there are plenty of perks to starting your next chapter in life in The Aloha State. ..."

Resource: www.aol.com

Why Retirement Trends Matter to the Fed's Call on Interest Rates

Why Retirement Trends Matter to the Fed's Call on Interest Rates

Article Excerpt: "...This retirement surge was “fairly disruptive” in terms of economists’ views about the true size and health of the U.S. labor force, Bostic said. It also sparked big questions about whether any of those people who left the workforce earlier than expected would want to (or need to) rejoin the labor force in the future. “We have been very closely watching the situation and wondering whether labor supply will rebound to its pre-pandemic levels,” Bostic said. “Fortunately, it appears that retirement rates are slowly reverting closer back to their normal dynamics, which is good to see.”..."

Resource: www.thinkadvisor.com

NARFE Disappointed by Biden’s Below-Market Pay Raise Plan

NARFE Disappointed by Biden’s Below-Market Pay Raise Plan

Article Excerpt: "...“This 2% average federal pay increase is disappointing, especially when compared with an expected military pay increase of 4.5% on average. This inequity raises concerns about the fair treatment of federal employees and their contributions to our nation. “This below-market pay increase fails to reflect trends in the private sector, where wages and salaries have risen, and unemployment rates are low. Nor does it keep up with persistent inflation, leaving civil servants with diminished purchasing power. ..."

Resource: www.narfe.org

NARFE