More Union News

08/17/2015
The U.S. Office of Personnel Management (OPM) has announced select Federal Employees’ Group Life Insurance Program (FEGLI) premium rate changes starting January 1, 2016.  Additionally, OPM will be holding a FEGLI Open Season from September 1-30, 2016.    
Authorized by law, FEGLI is a life insurance program for federal and postal employees and retirees. OPM is charged with administering the program and setting premiums, and contracts with Metropolitan Life Insurance Company (Metlife) to provide the insurance coverage. In Fiscal Year 2013, over 75,000 death and dismemberment claims were paid,... Read more ...
Identity Theft
08/06/2015
This week, NTEU received a briefing from the Office of Personnel Management (OPM) on the recent background investigations breach affecting approximately 21.5 million individuals. First announced on June 10, this massive breach involves the theft of Standard Forms 85, 85P and 86 that are filled out by federal job applicants, employees and contractors, as well as other background materials and records, including investigative notes. 
In this week’s briefing, OPM outlined the inter-agency contracting task force that is responsible for the coming notifications for affected individuals, that... Read more ...
07/18/2015
Given the surge of information and developments over the last week, below is a comprehensive update regarding all of NTEU’s activities to date in the wake of the June Office of Personnel Management (OPM) announcements of massive personnel and investigation breaches.
Last Friday, OPM Director Katherine Archuleta resigned. Beth Cobert is now OPM Acting Director; until last week, she was serving as Deputy Director for Management at the Office of Management and Budget (OMB). NTEU National President Colleen M. Kelley knows and has worked with Beth Cobert in her OMB role as co-chair of the National... Read more ...
07/13/2015
NTEU-supported legislation has been introduced in the Senate and will soon be introduced in the House of Representatives to provide lifetime coverage to individuals affected in the recently announced OPM personnel records and background investigation breaches.  Senator Ben Cardin (MD), joined by Senators Mikulski (MD), Kaine (VA) and Warner (VA), have introduced S. 1746, the Recover Act, Reducing the Effects of the Cyberattack on OPM Victims Emergency Response Act of 2015. Representative Eleanor Holmes Norton (DC) is expected to soon introduce similar legislation in the House. 
The... Read more ...
07/13/2015
OHR recently briefed the union on the SEC's progress towards setting up supplemental retirement match accounts pursuant to the compensation agreement with the union. The agency is close to signing a contract with a vendor, and currently expects to have the accounts set up by September 30, the end of Fiscal Year 2015. The accounts will be cash accounts, but the SEC has now agreed to provide a "sweep" feature which will allow employees to shift the funds on a period basis into their TSP accounts, where they will have investment options. Pursuant to IRS rules, there is a waiting period before... Read more ...
07/13/2015
As the Senate prepares to consider a highway funding bill, we have learned that one of funding mechanisms under consideration to offset the costs of the highway bill is to lower the rate of return on the G Fund. The G Fund rate of return uses a formula identical to one used by Social Security to fund its disability program. Some Members of Congress are interested in lowering the rate of return on the G Fund and using those savings to fund other programs. 
NTEU strongly opposes such a move. Lowering the rate would, even in the words of the Federal Retirement Thrift Investment Board, render the... Read more ...

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