Weekly Quiz for Federal Employees: OPM, FEHB, and 529 Accounts

Quiz #43 features questions about recent news for federal employees, including OPM news regarding a cyber workforce dashboard plus oversight of FEHB participation. Also, more from the SECURE Act 2.0 that can impact a fed’s financial plan.

Try These Quizzes:

Quiz 42

Quiz 41

Quiz 40

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Created on February 07, 2023 By Benefits Ben

Weekly Quiz for Federal Employees: OPM and Financial Planning (#43)

Weekly Quiz: OPM’s new tool for the cyber workforce, lack of OPM oversight of ineligible FEHB participants, and more on the SECURE Act 2.0!

1 / 3

Estimates have the cost of OPM performing a DEVA (dependent eligibility verification audit) of FEHB participants at how much?

between $250 million and $1 billion

between $360 million and $1 billion

between $250 million and $3 billion

between $360 million and $3 billion

The estimated cost for OPM to conduct a DEVA is between $360 million and $1 billion. Read More Here.

2 / 3

Which data points will the new cyber workforce dashboard not contain?

Gender

Age

Education

Veteran Status

Veteran status – along with race/ethnicity and disability status – were removed from the new support tool due to privacy concerns. Read More Here.

3 / 3

What is the maximum amount of unused 529 funds that can rolled over into a Roth IRA, after 15 years?

$6500

$8000

$35,000

$40,000

The Maximum 529 College Savings Plan Rollover Amount is $35,000. 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.

Quiz for Federal Employees