Fedweek

This year’s survey of federal employee views of benefits placed the TSP at the top in terms of importance, with 95 percent calling it important or extremely important to them. Retirement annuities were the next most important, rated that highly by 94 percent; availability of FEHB in retirement by 92 percent; FEHB in general by 90 percent; and FEGLI and FEDVIP dental by above 70 percent. The lowest was dependent care FSAs, 17.1 percent, largely reflecting the limited eligibility for using that benefit. Most were little changed from the prior version of the survey in 2013, although FEGLI and FLTCIP were down by about 8 points each. That translated into how much benefits motivated them to take federal employment, with 72 percent saying the availability of a retirement annuity motivated them to a moderate or great extent, followed by the FEHB, 67 percent and the TSP, 61 percent. The benefits are an even stronger incentive once an employee is on the job, with 84 percent saying annuity benefits motivate them to stay to a moderate or great extent, and 78 percent saying that of both the FEHB and the TSP.