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The massively bipartisan Chance to Compete Act aims to modernize federal hiring — but experts say limitations in HR offices could stunt its potential, while others think the bill doesn’t take hiring reform far enough.
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Now one year after the tumultuous TSP update last June, recent changes to My Account show FRTIB’s goal of slow but steady improvements for participants.
The Office of Personnel Management took a step to address more immediate concerns from retiring federal employees, ahead of the agency’s long-term efforts to modernize retirement services.
House lawmakers have reintroduced the Equal COLA Act, to equalize cost-of-living adjustments for federal retirees, and the Fair COLA for Seniors Act, to change how the annual adjustments are calculated.
In what has become tradition in recent years, a bicameral pair of Democrats proposed a bill to give most civilian federal employees an 8.7% pay raise in 2024.
Lawmakers reintroduced the Social Security Fairness Act, aiming to repeal the Windfall Elimination Provision and the Government Pension Offset, as well as the Chance to Compete Act, seeking to revamp the federal hiring process.
The Holman rule gives lawmakers the ability to make changes to federal employees’ salaries and reduce agency staffing.
Though the compromise version of the 2023 NDAA removes language preventing a revival of Schedule F, the bill includes provisions to expand workers’ compensation for federal firefighters and create an online directory of political appointees.
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OPM will try to “establish sustainable premium rates” during upcoming two-year suspension on new applications to the Federal Long-Term Care Insurance Program.
The cost-of-living adjustment, or COLA, for 2023 will increase 8.7% for CSRS retirees and Social Security recipients, while FERS retirees will receive a 7.7% COLA.
Before health premium rates increase by an average of 8.7% in 2023, some health care experts tell FEHB enrollees to double-check their plans during open season, which runs Nov. 14 through Dec. 12.