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FEGLI
The Federal Employees' Group Life Insurance Act (FEGLIA) is a United States federal statute passed by the 83rd U.S. Congress and signed into law by President Dwight D. Eisenhower on August 17, 1954. The act provided for a group life insurance policy for most federal employees, similar to those provided for employees of most large industries. The act established the Federal Employee Group Life Insurance (FEGLI) program, which covers over 4 million federal employees and is the largest group life insurance program in the world. Under the program, new federal employees are automatically enrolled in a basic insurance program (group term with no cash value) with the option of waiving enrollment, and may also obtain additional coverage for themselves and their families. Insurance premiums are deducted from the employees' payroll checks. The cost of the plan is shared between the employee and the federal government in a 2:1 ratio for Basic coverage only (except for USPS employees whose co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thrift Savings Plan
The Thrift Savings Plan (TSP) is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed services. As of December 31, 2020, TSP has approximately 6.2million participants (of which approximately 3.8million are actively participating through payroll deductions), and more than $735.2billion in assets under management; it is the largest defined contribution plan in the world. The TSP is administered by the Federal Retirement Thrift Investment Board, an independent agency. The TSP is one of three components of the Federal Employees Retirement System (FERS; the others being the FERS annuity and Social Security) and is designed to closely resemble the dynamics of private sector 401(k) and Roth 401k plans (TSP implemented a Roth option in May 2012). It is also open to employees covered under the older Civil Service Retirement System (CSRS) but with far fewer benefits (mainly the lack of matching contributions). Eligibi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Employees Retirement System
The Federal Employees' Retirement System (FERS) is the retirement system for employees within the United States civil service. FERS became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. FERS consists of three major components: *The FERS annuity, a defined benefit plan, *Mandatory participation in Social Security (most CSRS employees are not part of Social Security and do not pay taxes into the system, nor are they eligible for benefits unless they qualify under private sector employment or by being rehired and covered as CSRS with a Social Security Offset), and *The Thrift Savings Plan (TSP), a defined contribution plan which operates like a 401(k). Transition from CSRS to FERS Since January 1, 1984, employees with fewer than 5 years of non-military experience on December 31, 1986, were covered under interim retirement rules under which they were covered by both ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dwight D
Dwight may refer to: People * Dwight (given name) * Dwight D. Eisenhower (1890–1969), 34th president of the United States and former military officer *New England Dwight family of American educators, military and political leaders, and authors * Ed Dwight (born 1933), American test pilot, participated in astronaut training program * Mabel Dwight (1875–1955), American artist * Elton John (born Reginald Dwight in 1947), English singer, songwriter and musician Places Canada * Dwight, Ontario, village in the township of Lake of Bays, Ontario United States * Dwight (neighborhood), part of an historic district in New Haven, Connecticut * Dwight, Illinois, village in Livingston and Grundy counties * Dwight, Kansas, city in Morris County * Dwight, Michigan, an unincorporated community * Dwight, Nebraska, village in Butler County * Dwight, North Dakota, city in Richland County * Dwight Township, Livingston County, Illinois * Dwight Township, Michigan Institutions * Dwight Correctional ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hillman V
Hillman was a British automobile marque created by the Hillman-Coatalen Company, founded in 1907, renamed the Hillman Motor Car Company in 1910. The company was based in Ryton-on-Dunsmore, near Coventry, England. Before 1907 the company had built bicycles. Newly under the control of the Rootes brothers, the Hillman company was acquired by Humber in 1928. Hillman was used as the small car marque of Humber Limited from 1931, but until 1937 Hillman did continue to sell large cars. The Rootes brothers reached a sixty per cent holding of Humber in 1932 which they retained until 1967, when Chrysler bought Rootes and bought out the other forty per cent of shareholders in Humber. The marque continued to be used under Chrysler until 1976. History Origins In 1857 Josiah Turner and James Starley formed the Coventry Sewing Machine Company, and recruited skilled engineers from the London area to join them, one of whom was William Hillman. In 1869 the firm changed its name to the C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
83rd United States Congress
The 83rd United States Congress was a meeting of the legislative branch of the federal government of the United States in Washington, D.C. from January 3, 1953, until January 3, 1955, during the last two weeks of the Truman administration, with the remainder spanning the first two years of Dwight Eisenhower's presidency. It was composed of the Senate and the House of Representatives. The apportionment of seats in the House was based on the 1950 U.S. Census. The Republicans gained the majority in both chambers, winning back full control of Congress for the first time since the 80th Congress in 1947, and with Dwight Eisenhower being sworn in as President on January 20, 1953, this gave the Republicans an overall federal government trifecta for the first time since the 71st Congress in 1929. Major events * January 20, 1953: Dwight Eisenhower is sworn in as President of the United States in his first inauguration * March 1, 1954: U.S. Capitol shooting incident * December 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; common examples include claims relating to suicide, fraud, war, riot, and civil commotion. Difficulties may arise where an event is not clearly defined, for example, the insured knowingly incurred a risk by consenting to an experimental m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Premium
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NASA
The National Aeronautics and Space Administration (NASA ) is an independent agency of the US federal government responsible for the civil space program, aeronautics research, and space research. NASA was established in 1958, succeeding the National Advisory Committee for Aeronautics (NACA), to give the U.S. space development effort a distinctly civilian orientation, emphasizing peaceful applications in space science. NASA has since led most American space exploration, including Project Mercury, Project Gemini, the 1968-1972 Apollo Moon landing missions, the Skylab space station, and the Space Shuttle. NASA supports the International Space Station and oversees the development of the Orion spacecraft and the Space Launch System for the crewed lunar Artemis program, Commercial Crew spacecraft, and the planned Lunar Gateway space station. The agency is also responsible for the Launch Services Program, which provides oversight of launch operations and countdown management f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Challenger Disaster
On January 28, 1986, the broke apart 73 seconds into its flight, killing all seven crew members aboard. The spacecraft disintegrated above the Atlantic Ocean, off the coast of Cape Canaveral, Florida, at 11:39a.m. EST (16:39 UTC). It was the first fatal accident involving an American spacecraft in flight. The mission, designated STS-51-L, was the tenth flight for the orbiter and the twenty-fifth flight of the Space Shuttle fleet. The crew was scheduled to deploy a communications satellite and study Halley's Comet while they were in orbit, in addition to taking school teacher Christa McAuliffe into space. The latter resulted in a higher than usual media interest and coverage of the mission; the launch and subsequent disaster were seen live in many schools across the United States. The cause of the disaster was the failure of the two O-ring seals in a joint in the shuttle's right solid rocket booster (SRB). The record-low temperatures of the launch had stiffened the rubb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Columbia Disaster
The Space Shuttle ''Columbia'' disaster was a fatal accident in the United States space program that occurred on February 1, 2003. During the STS-107 mission, Space Shuttle ''Columbia'' disintegrated as it reentered the atmosphere over Texas, killing all seven astronauts on board. The mission was the second that ended in disaster in the Space Shuttle program after the loss of ''Challenger'' and all seven crew members during ascent in 1986. During the STS-107 launch, a piece of the insulative foam broke off from the Space Shuttle external tank and struck the thermal protection system tiles on the orbiter's left wing. Similar foam shedding had occurred during previous Space Shuttle launches, causing damage that ranged from minor to near-catastrophic, but some engineers suspected that the damage to ''Columbia'' was more serious. Before reentry, NASA managers had limited the investigation, reasoning that the crew could not have fixed the problem if it had been confirmed. When ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Postal Service
The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or Postal Service, is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the U.S., including its insular areas and associated states. It is one of the few government agencies explicitly authorized by the U.S. Constitution. The USPS, as of 2021, has 516,636 career employees and 136,531 non-career employees. The USPS traces its roots to 1775 during the Second Continental Congress, when Benjamin Franklin was appointed the first postmaster general; he also served a similar position for the colonies of the Kingdom of Great Britain. The Post Office Department was created in 1792 with the passage of the Postal Service Act. It was elevated to a cabinet-level department in 1872, and was transformed by the Postal Reorganization Act of 1970 into the U.S. Postal Service as an independent agency. Since the early 1980s, m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Employees Health Benefits
The Federal Employees Health Benefits (FEHB) Program is a system of "managed competition" through which employee health benefits are provided to civilian government employees and annuitants of the United States government. The government contributes 72% of the weighted average premium of all plans, not to exceed 75% of the premium for any one plan (calculated separately for individual and family coverage). The FEHB program allows some insurance companies, employee associations, and labor unions to market health insurance plans to governmental employees. The program is administered by the United States Office of Personnel Management (OPM). History The program was created in 1960. Employer sponsorship of health insurance in the United States became prevalent during World War II, as one of the few ways by which employers could escape wage and price control limitations on employee wages. The government originally proposed a system that would revolve around a dominant government-d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
