Not affiliated with The United States Office of Personnel Management or any government agency

Not affiliated with The United States Office of Personnel Management or any government agency

The Spending Bell Expands ID Theft Protection for Feds

id theft protectionThere have been some seriously dangerous cases of identity theft in the recent past relating to federal employees and the government has been faced with stark criticism in this regard too. The OPM data breach was the biggest illustrative of this catastrophe and there have been other small incidents in this regard too. The recent spending legislative bill passed by the congress though has expanded the ID theft protection for all the employees that were affected by the data breach.

ID theft protection expanded:

The Congress did give this as a small Christmas present to its employees. The section 632 of the Title VI of the Financial Services (Davison E) Act of 2016 lists what the employees were after attaining after the recent breach. An additional ten years of ID theft protection without any additional costs and 5 million dollars’ worth of ID theft insurance is also provided in this regard.

It was high time that this step was taken by the government as the employees were getting restless and were fearing another breach if the infrastructure was not to be improved by the government. Here’s hoping that we don’t have to deal with any such predicament in the near future or ever again.

 

Search for Public Sector Retirement Expert.

Receive the Best advice.

PSR Experts can help you determine if Public Sector Retirement is right for you or if you should look for alternatives.

The Best Advice creates
the best results.

Recent Articles

Divorce and Your Federal Pension—What Happens When You Split Assets and How It Could Affect Your TSP

Key Takeaways Divorce can significantly impact your federal pension and Thrift Savings Plan (TSP), especially when splitting assets and determining...

What Happens to Your Federal Benefits After Divorce? Here’s the Lowdown

Key Takeaways Federal benefits are often subject to division after a divorce, but specific rules apply to different benefits like...

The Best FEHB Plans for 2025: Which One Fits Your Lifestyle and Budget the Best?

Key Takeaways: Understanding your healthcare needs and budget is essential when selecting the right FEHB plan for 2025.Choosing between fee-for-service,...

Search For Public Sector Retirement Expert

Receive the Best advice.

PSR Experts can help you determine if
Public Sector Retirement is right for you or if you should
look for alternatives.

The Best Advice creates

the best results.

Subscribe to our Newsletter

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Our Readers Deserve The Best PSHB and USPS Health Benefits Guidance

Licensed insurance agents who understand PSHB, Medicare, and USPS Health Benefits Plan are encouraged to apply for a free listing.

Book Phone Consultation

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Get In Touch

Stay up to date on the latest information about Public Sector Retirement.

The Best Advice Creates The Best