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Monday Memo: Week of August 5th, 2024

Posted by: Anna Haber - 07/08/2024

Bill Would Boost Paid Leave for Some Federal Employees

 A new bill would give federal employees who are military reserve servicemembers additional paid annual leave.

 

Senate Appropriators Endorse 2% Pay Raise for Feds Next Year

With neither chamber in Congress willing to override President Biden, his plan to increase federal workers' pay by 2% on average appears headed for implementation later this year.

 

3% Federal Pay Raise in 2026? 

Is it too early for federal employees to start thinking about the 2026 pay raise?

 

Senate Appropriators Propose $500 Million Budget Increase for Social Security Overhead 

The decision to include $14.7 billion for the Social Security Administration's administrative budget sets up a fight with the House, which is predicted a nearly half billion-dollar cut.

 

Survivor Benefit Choices for Those Who Marry After Retirement 

What are your benefit options if you get married after you retire? This article describes how you can elect to provide a survivor annuity for a spouse you marry after retirement.

 

There's a Catch in the USPS Insurance Program for Medicare-eligible Retirees 

USPS annuitants who opt out of Medicare Part D will lose underlying prescription drug coverage, according to OPM's regulations.