UPMA National President Edmond Carly addressing the Ohio UPMA annual convention
UPMA National President Edmond Carly addressing the Ohio UPMA annual convention

THEY’RE THERE! Info from Jim Fusco

The 1099-R for 2022 are available on line from OPM.

 

HOW TO FIND THEMinfo from opm.gov

Sign in to your account, click on Documents in the menu, and then click the 1099-R tile. OPM will send your tax form to the address we have on file. You can verify or change your mailing address by clicking on Profile in the menu and then clicking on the Communication tab. Click the save or print icon, print your tax form. If you need a password to log into your Services Online account, or you need your password reset, please click here: Reset your password for OPM Retirement Services Online | OPM.gov. However, beginning May 2022, when you sign into Services Online, you will be prompted to create a new user name and password for login.gov. When you log in to the Services Online site, you will use the login.gov username and password, as well as a special code to authenticate your identity and protect your account. You will no longer be able to log in using a claim number and password. The next time you need to use Services Online, click on the same button to sign in with login.gov. After signing in to your account, you’ll be directed back to Services Online. Read more at www.opm.gov. . 

MESSAGE FROM PRESIDENT MANDY: 

National UPMA Retired President

 

Retirees, I did what I could to prevent the Retirees dues from going up. But the Executive Board voted November 29, 2022 to increase our dues 5.9% based on cost-of-living adjustments from last year. So as of January 1, 2023, we will see an increase of 30 cents a month. This will raise our raise our month dues from $5.15 to $5.45 and our annual dues from $61.80 to $65.45. I do appreciate all who gave their help and support. Mandy Heslep-Whitten, National Retiree President

2023 COLA Highest Since 1981 
Civil Service Retirement System (CSRS) annuities and Social Security benefits will increase through a 8.7 percent cost-of-living adjustment (COLA) for 2023. Federal Employees Retirement System (FERS) annuities will receive a 7.7 percent COLA. Both COLAs will be reflected in January 2023 payments

 

Dismal 2022 TSP Performance: One Fund Down 26% for the Year

FedSmith

2022 TSP fund performance was dismal. One TSP stock fund was down 26%. What happened after the last significant yearly loss? Read more.

postal service health benefit plan PSHBP

 

IT DOES NOT START IN 2023: info from OPM.gov

When does the PSHB Program begin?

The first opportunity to select a Postal Service Health Benefit plan will take place during Open Season in late 2024, and coverage under the PSHB health benefits program coverage will begin January 2025.

 

Is there anything Postal Service employees or annuitants need to do right now to keep their health insurance coverage?

Not immediately. Employees, annuitants, and eligible family members may continue to participate in the FEHB Program for the 2022, 2023, and 2024 plan years. Their current FEHB enrollment will continue unless they make any changes prior to January 2025. OPM and the Postal Service will continue to provide updates leading up to the 2024 PSHB Open Season to help ensure a smooth transition for all eligible employees and annuitants.

 

Does the Postal Service Reform Act of 2022 (PSRA) allow Postal Service employees, Postal Service annuitants, and their eligible family members to remain in a Federal Employees Health Benefits (FEHB) plan in 2025?

While Postal Service employees, Postal Service annuitants, and their eligible family members will remain in the FEHB Program, for coverage effective January 1, 2025, they will no longer be able to remain in an FEHB plan. During Open Season in 2024, eligible individuals must enroll or will be automatically enrolled in a Postal Service Health Benefits (PSHB) plan, within the FEHB Program, in order to receive health insurance based upon their active employment with or retirement from the Postal Service.

 

Will the PSHB Program affect enrollment in any other benefits?

Enrollment in a PSHB plan will not disrupt enrollment in other insurance and benefits programs, including:

---Federal Employees Dental and Vision Insurance Program (FEDVIP)

---Federal Flexible Spending Account Program (FSAFEDS)

---Federal Employees' Group Life Insurance (FEGLI), or

---Federal Long-Term Care Insurance Program (FLTCIP)

 

Does the implementation of the PSHB Program affect eligibility for continuing enrollment in health benefits after retirement?

Yes. Subject to limited exceptions, Postal Service annuitants and their family members who are entitled to Medicare Part A must enroll in Medicare Part B to be eligible to continue PSHB coverage.

 

Will there be an opportunity to enroll in Medicare Part B without a late enrollment penalty?

Yes. Most Postal Service annuitants and their eligible family members who are entitled to Medicare Part A will be eligible to enroll in Medicare Part B during a six-month special enrollment period (SEP). Individuals who qualify for the SEP will receive a separate notification prior to April 1, 2024, in accordance with the PSRA.

 

CONGRATULATIONS LIZ FORSELL: info from Liz Forsell

I am so happy to announce the birth of my second granddaughter Emri Margaret, named after my mother who passed away in September. Congratulations to my daughter Amanda & Michael Prezbindowski and big sister Remi Jean. (Gold Note: Liz is Postmaster Retired, Long Lake NY, and is overjoyed at the arrival of Emri. Cards may be mailed to Liz at PO Box 12, Raquette Lake NY 13436.)

 

SEAFOOD BOIL AND STEAKOUT UPDATE:                                                12/10/2022


The Florida Chapter UPMA is sponsoring its annual Steak-out and Seafood Boil in Eustis Florida on February 3 – 4, 2023, and everyone is invited! The event is for both Active and Retired Postal Managers from throughout the country.   Most national leaders will be present, along with most candidates for national office. The attached Steakout/Seafood Boil registration has many details. The event coordinators are also assisting with local room reservations, and the attached Accommodations Letter gives information on lodging in the area. As noted in the letter, if you are having problems securing reasonable lodging, contact Barbara Whidden at barbara.whidden@aol.com or mobile 352-408-4578. It’s a great time to celebrate mid-winter in milder weather, visit past friends and making new ones, and participate in the community events taking place that same week-end!  

 

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Jordan Davenport

mlna43452@gmail.com

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