Federal Benefits Updates for 2024

Published: Jan. 8, 2024, 4:29 p.m.

January 8, 2024\xa0on\xa0ForYourBenefit, our host Bob Leins, CPA\xae welcomes Herb Casey, Federal Benefits Specialist.\nTopics include:\nIncome\n\nCOLA for FERS and CSRS retirees\n\nSalary pay raises & new locality rates\n\nSocial Security\n\nMaximum amount of earnings subject to Social Security tax\n\nCOLA\n\nEarning limitations\n\nFEHB Insurances\n\nIncreased premiums\n\n12 fewer plans\n\nMedicare\n\nRising premiums for Medicare\n\nExpansion of mental health coverage\n\nFederal Long-Term Care Insurance Program\nIncreasing premiums\nThrift Savings Plan (TSP)\n\nContribution limits\n\nSecure\xa02.0 changes\n\nFor questions or comments, email us in advance at\xa0ForYourBenefit@nitpinc.com