Weekly Quiz #41: Latest News for Federal Employees

Get caught up on January’s news pertaining to the federal government and retirement benefits for its workforce.

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Created on January 20, 2023 By Benefits Ben

Quiz #41: GSA Rates, RMDs, and FAA News

Our quiz this week includes questions on the 2023 GSA Reimbursement Rates, RMD changes stemming from the SECURE Act 2.0, and recent news about FAA software crash.

1 / 3

For 2023 GSA Reimbursement Rates (including gas mileage and per diem) – which is the only rate that decreased?

Gas mileage rate for personally owned vehicle (POV): Airplanes

Gas mileage rate for POV (Car/Van, if government vehicle was available)

Gas mileage rate for POV (Car/Van, if no government vehicle was furnished)

Per diem rates for meals and incidental purchases

Gas mileage rates for POV: Airplanes decreased from $1.81/mile to $1.74/mile. All other reimbursement rates stayed the same or increased. Read More Here.

2 / 3

The FAA Software that failed on January 12th – and runs the NOTAM system – was first installed in what year?

1987

1993

2003

2007

The answer is 1993 – Read More Here

3 / 3

Thanks to the SECURE Act 2.0 – the beginning date for required minimum distributions (RMDs) from a traditional IRA will be which of the following for account owners born after December 31, 1959?

January 1st following the year that the owner turns 73

April 1st following the year that the owner turns 73

January 1st following the year that the owner turns 75

April 1st following the year that the owner turns 75

The answer is April 1st following the year that the owner turns 75, because the RMD age changes to age 75 in 2033. 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.

January 2023 Quiz: News for Federal Employees