Dedicated to Civilian Federal Employees since 1943

Dedicated to Civilian Federal Employees since 1943

All
  • All
  • Education/Student Loans
  • Federal Civilian Life
  • Financial Wellness
  • Life Insurance
  • Retirement Planning

7 Essential Mobile Apps for Federal Employees in 2019

Most Civilian Federal Employees own smart phones loaded with apps designed to add value to their daily lives. For those looking for guidance on government information and services, there are a variety of mobile apps sponsored by the Federal government which provide relevant and accurate information.   If you’re looking to simplify your life as…

Do you have enough emergency savings?

Life happens. And sometimes, it brings a financial hardship to your doorstep, leaving you scrambling to find the cash needed to handle the unexpected and often, unwelcome situation.   Twenty-three percent of Americans have zero savings to turn to in an emergency, according to a recent survey by Bankrate.com. Many people turn to credit cards…

Government Shutdown Q&A with Shane Canfield

Government Shutdown Q&A with Shane Canfield

WAEPA (Worldwide Assurance for Employees of Public Agencies), a nonprofit Voluntary Employee Benefits Association which offers Group Term Life Insurance* exclusively to Civilian Federal Employees, made headlines in January when they announced they were waiving January’s premiums for all their members, including those for Members not impacted by the partial Government Shutdown, which went on…

Getting Documents Compiled for Death Benefits to Make it Easier on Your Loved Ones

For many, acquiring a life insurance policy can be uncomfortable due to the morbid nature of the planning, and all of the considerations that come into play as part of the process. However daunting it may seem, though, it is a necessary tactic in the overall strategy you should have in place when working to…

Evaluating Life Insurance Coverage Outside of Open Season

While it’s not Open Season for Life Insurance, it’s a perfect time to evaluate your coverage. Life insurance is a vital tool when it comes to safeguarding your family’s future. How would your family’s income be impacted if you passed away? What if you receive a terminal diagnosis? What will your family need to retain…

Carrying Coverage with WAEPA is Easier Than Ever

In addition to the many benefits we offer our Members, Civilian Federal Employees insured under our Group Term Life Insurance* and Guaranteed Issue Life Insurance Programs enjoy the ease of carrying coverage from us. Part of the many factors that makes WAEPA unique are our convenient payment options:   Paperless Bi-Weekly/Bi-Monthly/Monthly Payroll Deduction – If…

How Are 2019 GS Pay Scales with Locality Calculated?

Regardless of your tenure as a Civilian Federal Employee, it’s important to understand your salary and how it is calculated to ensure financial security. At the end of 2018, your financial situation will change by locality under the 2019 General Schedule (GS) pay scale, and you may wonder exactly how these changes will impact you…

Preparation Tips for FEHB Open Season 2019

As a federal employee, it is important to ask yourself if your current health plan is working for you. A change in marital status or a newly discovered medical condition can impact your coverage needs. To better adjust to the unexpected events in life, the Office of Personnel Management hosts its annual Federal Employee Health…

Should I Still Buy Life Insurance After Age 50?

Life insurance provides your dependents with financial support in the case of your death. If you’re over age 50 and retiring from a government job, your life insurance policy may need to be reevaluated. Perhaps you’ve paid off your mortgage, the kids are grown up and not dependent on you financially, or Medicare and Social…

Choosing the Right Executor for Estate Planning

Most individuals understand the fundamental importance of having a will, but few know that selecting the right executor to help manage their affairs is equally pressing. The executor, or personal representative, is tasked with various responsibilities including cataloging assets, paying debts and other bills, classifying your assets and allocating leftover finances to heirs. Picking the wrong…

How to Pass Your Federal Employee Probationary Period

Congratulations on landing a job in the Federal government! While your new position is cause of celebration, it’s no time to rest easy, as the government typically imposes a mandatory probationary period for new employees between the time they are hired, and when the position is offered on a permanent basis.   The purpose of…

Considering Life Insurance? Take a Detailed Needs Analysis

When purchasing life insurance, it’s important to understand the financial needs of your beneficiaries before you choose a policy. Many individuals tend to think backwards when it comes to life insurance. They make critical decisions on the product they want, whether it’s permanent life insurance, basic term life insurance or even a combination of both,…

When was the last time FEGLI gave you money back?

Since 1996, WAEPA has refunded over $100 Million dollars to our members. Why do we do it? It’s simple: we’re a voluntary benefits association, here to serve our members. In honor of our 75th Anniversary, we’re revisiting the history and benefits of our Premium Refund Program:   WAEPA’s Premium Refund Program started in May of…

How to Wind Down Your Spending Habits After You Retire

In retirement, you will live on a fixed income, meaning you’ll need to ensure that your expenses do not exceed your income. While the idea of living more frugally may not appeal to you, it may even easier than you expected, since a fixed, predictable income can help you determine how to appropriately budget both…

Top 3 Things to Know About FERS Retirement Benefits

The Federal Retirement System (FERS) is a retirement plan that covers all U.S. Federal Civilian Employees, including those in the executive, legislative, and judicial branches of the federal government. This plan does not cover employees of state or local government, or military personnel. FERS provides benefits to eligible employees from three distinct sources: A Basic…

Should You Use a 529 to Plan for Your Child’s College Education? 

A 529 plan is a program run by a state or educational institution with unique incentives and tax advantages aimed at making it easier for parents to save for post-secondary training or tuition associated with enrollment into a secondary private, public, or religious school. Investing in a 529 plan transcends state borders, and these funds…

Unexpected Retirement Expenses and How You Can Prepare

Retirement is just the beginning of another adventure, and preparing for a successful one takes years of saving, planning and dreaming about the years you won’t be working. Pre-retirement planning is significant to everyone, but especially imperative for federal employees. Being proactive about your financial future is crucial in ensuring that you will have the…

What Are the Benefits of Having a Chronic Illness Rider?

If you or someone you know has ever had to care for a loved one with a chronic disease or condition, you know the associated emotional, physical, and financial burden it can bring. During such times, it becomes more of a necessity than ever to plan ahead for extended care. This is where the Chronic…

How the SWAMP Act Can Impact Your Salary

The Strategic Withdrawal of Agencies from Meaningful Placement (SWAMP) Act grabbed headlines after the House introduced legislation that would require federal institutions to change their headquarters to areas outside of Washington, D.C. upon the proposed construction of new facilities. Submitted by Congressman Luke Messer (R-IN), the SWAMP Act aims to establish fair bidding procedures for…

Money-Saving Discounts for Federal Employees

While government jobs are known for their stability, they are not necessarily renowned for their pay scales. Fortunately, one of the perks of being a federal employee is that many companies are willing to thank public servants by offering them discounts on almost anything, from computers and cell phones to hotels and flights. Such discounts…