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Federal Employees News Digest : Oct. 8, 2012
October 8, 2012 Vol. 62, No. 13 8 Visit us on the Internet at www.FederalDaily.com thrift SavingsPlanSharePrices FuNDS oct. 1 oNe MoNth AGo oNe YeAr AGo G Fund F Fund C Fund S Fund I Fund lifecycle Funds L Income L 2020 L 2030 L 2040 L 2050 Register free to get rates of return and other TSP info at: www.FederalDaily.com/pages/resources/thrift-savings-plan.aspx 13.9744 13.9597 13.7594 15.9872 15.9507 15.1799 18.1465 17.6437 13.8852 23.6569 23.0732 18.0889 19.6678 18.9254 16.8677 15.6242 15.5139 14.6341 18.5481 18.2267 16.0594 19.2315 18.8252 16.1640 19.8145 19.3406 16.2946 10.9313 10.6379 8.8202 Federal Benefits Q&A Question: "My wife is retired FERS and I am retired CSRS. I currently have a survivor benefit set up for her at full benefit. When I pass away, will she be able to collect her Social Security, her survivor benefit from my CSRS retirement, her FERS retirement and my Air Force survivor benefit without a reduction?" Answer: The answer to your question is "yes." If you predecease your wife, she will be eligible to collect her Social Security, a CSRS survivor annuity, her FERS annuity, and a military survivor annuity benefit with no offsets or reductions. Readers are encouraged to ask questions related to general employee benefits---such as CSRS, FERS, the Thrift Savings Plan, tax and estate plan- ning, insurance, Social Security and Medicare---at the "Federal Benefits Q&A" at www.FederalSoup.com. continued from page 4 consolidate its mail processing network. USPS's "mail processing network ratio- nalization" plan---which would consolidate USPS mail processing and transportation networks---also would modify service stan- dards for first-class mail, standard mail, peri- odicals and package services. But in a Sept. 28 advisory opinion, the Postal Regulatory Commission said that analyses submitted in testimony to the com- mission indicate that the plan can generate savings without changing service standards. "The Postal Service's network rationaliza- tion analysis did not include an investigation of whether slowing first-class mail service by a day is necessary to capture substantial mail processing savings from network reconfigu- ration," the opinion continued. "The testi- monies of several participants in this docket investigate this assumption. These partici- pants conclude that the Postal Service could make large reductions in its capital stock (buildings and mail sorting equipment) and capture the associated savings without sig- nificantly slowing service." As it stands, the commission said, the plan's proposed changes to service standards would "ultimately eliminate all overnight delivery service for single-piece first-class mail, and delay much of current first-class mail 2-day delivery to 3-day delivery." "The Commission concludes that it is possible for the Postal Service to undertake significant network rationalization and real- ize substantial cost savings while preserving most current service levels," the report said. To see more, go to: http://tinyurl. com/9p9pj68. tricare pharmacy app updated Tricare subscribers now have access to an updated mobile phone application for man- aging their pharmacy benefits. In addition to enabling beneficiaries to create accounts and order and check on the status of prescription refills, the new smartphone-based mobile application from Tricare pharmacy contractor Express Script allows users to access prescription informa- tion and set up daily alerts to remind them to take their medications. Subscribers with GPS-enabled phones also can search for the nearest retail network pharmacy. Users can download the updated app at no cost from www.express-scripts.com/mobile or through the Apple App Store or Android Marketplace. The mobile-optimized phar- macy website is located at http://m.esrx.com.
Oct. 1, 2012
Oct. 15, 2012