Federal Benefits Quiz on SECURE Act 2.0, FMLA Leave, and New Localities

Weekly Quiz #40 covers new retirement account withdrawals, Family & Medical Leave, and the news on 2024 localities.

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Created on January 12, 2023 By Benefits Ben

Quiz #40: SECURE Act 2.0, Family and Medical Leave, and New Localities

Take this quiz for feds and share with your federal friends and family!

1 / 3

Under the SECURE Act 2.0, how much will people younger than 59.5 be able to withdraw for “financial emergencies” without incurring the 10% early withdraw penalty?

$500

$1000

$1500

$2500

$1000 will be the limit for penalty-free withdrawals from retirement accounts for individuals under age 59.5. Read More Here.

2 / 3

When taking unpaid family and medical leave, are you able to retain your FEHB coverage?

TRUE

FALSE

True! You can keep your FEHB when taking unpaid family and medical leave. Read More Here.

3 / 3

Which two localities will be both added to the General Schedule Pay Scale in 2024, and become “research areas” for further analysis?

Fresno, CA and Reno, NV

Reno, NV and Rochester, NY

Rochester, NY and Spokane, WA

Fresno, CA and Spokane, WA

The answer is Reno, Nevada and Rochester, New York. Read More Here.

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**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