Premium Conversion
Active duty please pay attention. You will lose this benefit when you retire.

Premium conversion continues to be at the top of NARFEs legislative agenda for the 108th Congress.  The premium conversion tax benefit would allow federal annuitants and military retirees to pay their share of Federal Employees Health benefits Program (FEHBP) premiums with pre-tax annuity dollars.  Current Internal Revenue Service (IRS) tax code (section 125) gives this benefit to active employees Only.
Legislation has been introduced that would amend the tax code for all federal annuitants and the military to use the premium conversion tax benefit (see Retirement Life, August 2001, page 14). 

At this time premium conversion H.R 1231 has some  cosponsors.  NARFE members whose legislators are not currently cosponsoring the legislation, need to contact their members of congress and ask for their support.


1 Year      $40.00
Chapter     $ 6.00
                 $46.00             

2 Year       $72.00
Chapter     $ 6.00
                  $78.00

3 Year       $102.00
Chapter     $   6.00
                  $108.00

D/W          $34.00
Chapter     $ 6.00
                  $40.00     

National & Chapter 53 New Annual Dues

Implementation date is 1 January, 2010
Note: The dues increased was approved by 80% of all national members.

As you can see the 3 year or D/H ( Dues Withholding) rate is by far the best way to go. No more worry about missing the annual payment.

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