Federal Employees News Digest
» Subscriber Sign In
» To Subscribe
» Sample Issue
» Trial Subscription
 

Welcome to FederalDaily.com
Federal Daily
FREE! Stay up-to-date on important changes to your federal career

SIGN UP NOW


     
Banner02
Federal Soup
previous posting
next posting
monthly archive

FederalDaily - December 12, 2006

Congress OKs Veterans Benefits Bill
Nicholson: Vets to Get Insurance Dividends
Lawmakers Adopt Postal Bill

Congress OKs Veterans Benefits Bill

Congress cleared and sent to President Bush a measure that would authorize an array of Department of Veterans Affairs (VA) major medical projects and mandate a VA information technology refit. The bill (S 3421), which passed the House on Dec. 8 and the Senate on Dec. 9, also would allow veterans to hire attorneys to help them navigate the benefit claims process. The bill also establishes an Office of Rural Health Care within the VA to assist the approximately 6 million veterans who live in rural communities. Because of long distances and other difficulties often associated with obtaining care, many rural veterans put off preventive as well as necessary treatment, said Sen. John Thune, R-S.D., co-author of the measure. “Veterans living in rural areas are in poorer health and pay more for health care than veterans living in urban areas,” Thune said. “This provision will create a high-level office responsible for coordinating care to this vital constituency.” To see more, go to: http://thune.senate.gov/public/index.cfm?FuseAction=
PressReleases.Detail&PressRelease_id=376&Month=12&Year=2006

:: Back to Top ::

Nicholson: Vets to Get Insurance Dividends

More than a million veterans are in line next year to share $369 million in annual insurance payments as part of their life insurance policies through the Department of Veterans Affairs (VA). The dividend payments will be sent to an estimated 1.2 million holders of VA insurance policies on the anniversary date of their policies, said VA Secretary Jim Nicholson. VA operates one of the nation’s largest life insurance programs, providing more than $1 trillion in coverage to 4.5 million servicemembers, spouses and children. Sent automatically through different payment plans, the amounts will vary based on the age of the veteran, the type of insurance and the length of time the policy has been in force. Dividends are paid each year to veterans holding certain government life insurance policies and who served between 1917 and 1956. To see more, go to: http://www1.va.gov/opa/pressrel/pressrelease.cfm?id=1258  

:: Back to Top ::

Lawmakers Adopt Postal Bill

The Senate and House approved legislation that will relieve the U.S. Postal Service from paying retirement benefits earned by its employees during the years they were in military service, as well as revamp the USPS rate-making process. Under the measure (H.R. 6407), the cost of those benefits—about $27 billion—will be paid by the Treasury Department. When it is signed by President Bush, this will become the first comprehensive overhaul of USPS since the Postal Reorganization Act of 1970, which transformed the old cabinet-level Post Office Department into the USPS. “We are grateful that the funding for USPS retiree military service obligations will be borne by the Treasury,” Postmaster General John Potter said on Dec. 9. “This, combined with release of the escrow funds, will be used for retiree health benefits.” The compromise legislation was brokered by Sens. Susan Collins, R-Maine, and Tom Carper, D-Del, and Reps. Tom Davis, R-Va., and Henry Waxman, D-Calif. To see more, go to: www.usps.com/communications/news/press/2006/pr06_pmg1209.htm

:: Back to Top ::

Related Products
Subscribe to Federal Daily
Federal Employees Almanac
Retired Federal Employees Almanac
Subscribe to Federal Employees News Digest
 

Home | Subscriber Sign In | Catalog | Financial Planning & Retirement | Jobs & Careers | Labor & Management | Pay & Benefits | Policies & Practices | U.S. Postal Service
Financial Planners | Legal Services | Federal Families | Events & Conferences | Our Marketplace | Advertise With Us | Invite A Friend | About Us | Contact Us
 

Copyright © 2008 by 1105 Media, Inc. All rights reserved.
Reproduction in whole or in part in any form or medium without expressed written permission
by 1105 Media, Inc. is prohibited.

Privacy Policy