What's New
2011 Retiree COLA:
0%
There again was no projected accumulation toward the 2011 COLA for retirees following the August 17 release of the July figures. The 2011 COLA will be based on the increase in the CPI between the third quarter of 2008—the previous high point—and the third quarter of 2010.
2011 FECA COLA: 1%
The accumulation toward the 2011 COLA under the Federal Employees Compensation Act (FECA) stood at 1 percent following the release of the July 2010 CPI. FECA COLAs are applicable only in cases where death or disability occurred more than one year prior to the adjustment’s effective date.
Long Term Care Insurance
Letter carriers or retired carriers can apply for coverage under the Federal Long Term Care Insurance Program at any time. You do not have to wait until the next Open Season, but you must submit a "full underwriting" application. "Full underwriting" means that applicants will have to answer numerous health-related questions. It may also include a review of medical records and possibly an interview with a nurse. OPM has stated that this is the same level of underwriting that those who purchase individual policies in the private market undergo.
Letter carriers may obtain additional information about any aspect of the Long-Term Care Program by calling 800-582-3337 or visiting the LTC web site at www.LTCFEDS.com.
You can also download application forms or apply on line at that website. |