Federal benefits quiz; image - man meeting with financial planner

Our weekly quiz focuses on the current COLA outlook, designating beneficiaries for your federal benefits, and the anticipated Special Salary Rate on the horizon for IT workers.

Created on By Benefits Ben
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Federal Benefits Quiz 47: Estate Planning, COLAs, and IT Positions

This week we review Estate Planning tips, COLA News, and the anticipated pay raise for IT professionals.

1 / 3

True or False: You only have to designate a beneficiary once and it covers all federal benefits: TSP, FERS/CSRS, and FEGLI.

Long Term Care

2 / 3

What percentage pay increase is a GS 11, Step 1 IT employee expected to receive should the upcoming Special Salary Rate (SSR) go into effect?

Roth IRA Conversions

3 / 3

If the 2024 Cost-of-Living Adjustment (COLA) was determined by inflation as of January 31 (as measured by the CPI-W), what would it be for FERS, CSRS, and Social Security?

NIFA Understaffed

Your score is

The average score is 41%


**Written by Benjamin Derge, Financial Planner, ChFEBC℠ The information has been obtained from sources considered reliable but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Benjamin Derge and not necessarily those of RJFS or Raymond James. Links are being provided for information purposes only. Expressions of opinion are as of this date and are subject to change without notice. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.

Federal Benefits Quiz