There are approximately 2,700,000 members of the federal workforce and of those members only about 42,000 are members of Worldwide Assurance for Employees of Public Agencies (WAEPA). The organization was founded by federal employees for federal employees as a nonprofit in 1943 during World War II. Membership in the organization was limited to those personnel serving overseas assignments. Then in 1973, membership was opened to federal personnel irrespective of their duty station.
The organization is committed to informing and servicing the federal workforce by providing access to life insurance
- Also Read: 7 Key Pros and Cons of Military Buyback for Federal Retirement Planning
- Also Read: Reduction in Force (RIF) and Benefit Impacts: What Federal Employees Should Know
- Also Read: FEHB Coverage for Survivor Annuitants: Eligibility, Trends, and Key Limitations
The good news is that there are often opportunities on the open market that should be explored and by knowing the benefits offered via WAEPA as members, some of those benefits might be just what is needed to give federal employees the added protection needed in retirement for a safe and secure future. WAEPA offers college scholarships to eligible children of its members who attend four year colleges or vocational schools. What a great benefit to members considering the high cost of college. We all know the importance of a college education and understand what a disadvantage it is to pursue opportunities in the job market without a college degree.
The opportunities and advantages offered to WAEPA members may not be reaching the core of federal employees who would benefit from knowing what WAEPA offers. What you don’t know could take a big bite out of your wallet.
P. S. Always Remember to Share What You Know.
Dianna Tafazoli
