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Federal Employees News Digest : May 13, 2013
tinue to work with the FAA and our mem- ber airports over the next few months to ensure airport operator concerns are addressed. To see more, go to: www.aci-na.org/news- room/press-releases/aci-na-plays-critical- role-extending-contract-weather-program. USPS non-career employees to get health plan The U.S. Postal Service this month awarded United Healthcare a contract to support a USPS health plan for eligible non-career employees. The Postal Service made the move to comply with the Patient Protection and Affordable Care Act. USPS said the contract will cost an estimated $239 million per year if 35,000 participants sign up, but that the cost "may vary significantly" depending on actual participation. PPACA requires employers with more than 50 employees to offer qualifying employees specified levels of coverage at an affordable cost by January 2014, and covers employees who are paid for an average of 30 hours per week for a speci- fied period of time. The contract provides coverage for years 2014 through 2016, and allows USPS to negotiate three additional two-year terms. Coverage becomes effective January 2014. Federal employment slips The number of federal civilian employ- ees dropped by nearly 5,000 positions last month, according to new statistics. The federal workforce had about 4,900 fewer civilian employees in April than in March, not including postal employees, according to new preliminary employ- ment numbers from the Bureau of Labor Statistics. The postal workforce also shrank, with 3,500 fewer employees reported in April than in March. The combined federal and postal workforce, which stood at about 2.8 mil- lion employees, lost far more employees over the one-month period than the much larger 14 million-employee local government workforce, which lost 2,000 positions, and the larger 5 million-work- er state government workforce, which lost 1,000 positions, according to the BLS statistics. To see more, go to: http://stats.bls.gov/ news.release/empsit.t17.htm. May 13, 2013 Vol. 62, No. 41 8 Visit us on the Internet at www.FederalDaily.com Thrift SavingsPlanSharePrices FUNDS May 7 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 14.0962 14.0782 13.8683 16.1117 16.1367 15.6116 20.6897 19.7424 17.0382 28.2455 26.8152 22.7324 23.1069 21.6664 18.6781 16.2080 16.0243 15.3502 20.1845 19.6098 17.8978 21.3449 20.5902 18.4360 22.3133 21.4145 18.9066 12.4858 11.9190 10.3859 Federal Benefits Q&A Question: "My FERS supplement will be starting in August (I am turning 56 in July). Do they start up the payments automatically, or do I need to get hold of them to apply/remind them?" answer: Your first FERS annuity supplement payment should be in August 2013, the first month after you become age 56. There is no need for you to apply for the payment nor to contact OPM's retirement office to remind them to process your first payment. Readers are encouraged to ask questions related to general employee benefits---such as CSRS, FERS, the Thrift Savings Plan, tax and estate planning, insurance, Social Security and Medicare---at the "Federal Benefits Q&A" at www.FederalSoup.com. continued from page 5
May 6, 2013
May 20, 2013