Federal Benefits Updates for 2024

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Federal Benefits Updates for 2024

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January 8, 2024 on ForYourBenefit, our host Bob Leins, CPA® welcomes Herb Casey, Federal Benefits Specialist. Topics include: Income COLA for FERS and CSRS retirees Salary pay raises & new locality rates Social Security Maximum amount of earnings subject to Social Security tax COLA Earning limitations FEHB Insurances Increased premiums 12 fewer plans Medicare Rising premiums for Medicare Expansion of mental health coverage Federal Long-Term Care Insurance Program Increasing premiums Thrift Savings Plan (TSP) Contribution limits Secure 2.0 changes For questions or comments, email us in advance at ForYourBenefit@nitpinc.com

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