The Federal Government will Become America's Model Employer for the 21st Century.
Recruit, Retain and Honor a World-Class Workforce to Serve the American People.
Review the new 2014 Federal Employees' Group Life Insurance (FEGLI) Handbook
Answering your questions about Healthcare and Insurance
Human Resources and Security Specialists should use this tool to determine the correct investigation level for any covered position within the U.S. Federal Government.
OPM’s Human Resources Solutions organization can help your agency answer this critically important question.
Developing senior leaders in the U.S. Government through Leadership for a Democratic Society, Custom Programs and Interagency Courses.
Visit this federal site to search for our regulatory notices, proposed and final rules.
See the latest tweets on our Twitter feed, like our Facebook pages, watch our YouTube videos, and page through our Flickr photos.
The Office of Personnel Management (OPM) did some calculations comparing the increase in take home pay to the loss of Social Security benefits at various income and Federal income tax levels. The results presented below show how many years of additional Social Security benefits it would take to make up for the take home pay you will lose by not participating in premium conversion. The calculations were simplified; they don't account for the fact that your take home pay will increase now, but you probably won't be receiving your Social Security benefits until many years from now.
The amount of your FEHB premium does not affect the calculations.
*Marginal Federal rate. If you don't know yours call your Payroll Office.
As you can see if you don't have to pay any Federal income tax, you lose the primary benefit of premium conversion.
But some individuals might still want to participate because their Social Security and Medicare taxes will be lower. You also can see that at very low earnings levels ($6,400 or less) the decision is less clear cut. OPM's statistics indicate there are less than 100 employees in this category.
There was an unexpected error when performing your action.
Your error has been logged and the appropriate people notified. You may close this message and try your command again, perhaps after refreshing the page. If you continue to experience issues, please notify the site administrator.