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Federal Employees News Digest : Oct 21, 2013
Federal Benefits Q&A Question: "I selected the full survival benefit plan for retirement. Suppose I pass away and my spouse, still living, receives a certain amount (e.g., $1,200 a month). From this amount, what would she be responsible for? I am thinking that taxes, health, and life insurance will be included, or does she have to pay for these items out of the $1,200?" Answer: Federal Employees Health Benefits health insurance and Federal Long Term Care Insurance Program premiums are deducted from a survivor annuity check. Also, if the survivor annuitant elects, federal and state income taxes will be deducted from the survivor annuity check. 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. Thrift SavingsPlanSharePrices FUNDS OCT. 15 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 14.2206 14.1916 13.9818 15.7256 15.5101 16.0024 21.8319 21.6688 18.1081 31.1611 30.5156 23.5431 24.4267 23.7196 19.6595 16.4999 16.4099 15.6253 20.9121 20.6910 18.5337 22.2871 22.0031 19.2087 23.4298 23.0936 19.7847 13.1828 12.9732 10.9119 October 21, 2013 Vol. 63, No. 14 9 Visit us on the Internet at www.FederalDaily.com continued from page 5 have arisen concerning pay and time off.See the updated guidance at: www. opm.gov/policy-data-oversight/pay- leave/furlough-guidance/guidance-for- shutdown-furloughs.pdf?nocache=6. OPM has listed recent changes to the document at: http://www.opm.gov/pol- icy-data-oversight/pay-leave/furlough- guidance/table-of-recent-changes-to- guidance-for-shutdown-furloughs-1.pdf. DOD’s Carter departs Deputy Defense Secretary Ashton Carter will resign his position in December, the Defense Department announced Oct. 10. Carter also held the post under Defense Secretary Leon Panetta, and before that served as undersecretary of defense for acquisi- tion technology and logistics. "Earlier today, I met with Ash Carter and reluctantly accepted his decision to step down as deputy secretary of defense on Dec. 4, after more than four and a half years of continuous service to the Department of Defense," Defense Secretary Chuck Hagel said in a state- ment. "I have continually relied upon Ash to help solve the toughest challenges fac- ing the Department of Defense," Hagel said. "I particularly appreciate his work spearheading the Strategic Choices and Management Review, which put the department in a far stronger position to manage through unprecedented budget uncertainty." Before joining the Obama adminis- tration, Carter chaired the International and Global Affairs faculty at Harvard University's John F. Kennedy School of Government and was co-director of the Preventive Defense Project. See more at: www.defense.gov/releas- es/release.aspx?releaseid=16307.
Oct 14, 2013
Oct 28, 2013