NARFE Scholarship Program opens Feb. 1
The NARFE Scholarship Program for 2013 will run Feb. 1 through April 26. A copy of the official application will appear in the February issue of NARFE magazine, which is in the mail to members now. Members also may download the application from the NARFE website as of Feb. 1. (Click on "Member Log In" at www.narfe.org, then click on "Special Programs" at the left of the next screen.) Applicants must be high school seniors who plan to attend an accredited college in the fall/winter of the award year, and who are the children, grandchildren or great grandchildren of current NARFE members. More information can be found on the NARFE website by downloading a copy of the brochure "A Guide to NARFE's Annual Scholarship Awards Program." Or contact the national vice president's office for a copy here. Sixty scholarships of $1,000 each will be awarded. The NARFE Scholarship Program relies on the generosity of donors. To make a tax-deductible contribution, checks must be made payable to NARFE-FEEA Scholarship Fund and mailed to: NARFE Scholarship Awards, c/o FEEA, Suite 300, 3333 S. Wadsworth Blvd., Lakewood, CO 80227. You also may use the donation coupon that appears every month in NARFE magazine.
Question: I am considering taking a buyout of $25,000. Would accepting a buyout affect any future federal service, should I decide to return? More
my Social Security
The Social Security Administration has an online service where you can create a "my Social Security" account. If you currently receive benefits, you now can get a benefit verification letter; change your address and phone number; and start or change your direct deposit. That's in addition to accessing your earnings record and viewing benefit estimates if you do not currently receive benefits.
People age 18 and older who are not receiving benefits can sign up for a my Social Security account to get a personalized online Social Security Statement. The online Statement provides eligible workers with secure and convenient access to their Social Security earnings and benefit information, and estimates of future benefits they can use to plan for their retirement. In addition, the portal also includes links to information about other online services, such as applications for retirement, disability and Medicare.
For more information, click here. More
Hurricane Sandy amendments could impact federal workers
Rep. Mick Mulvaney, R-S.C., has filed two amendments to the Hurricane Sandy relief bill that would impact the federal workforce, if adopted. One would require cuts of 1.63 percent for all agencies; the other would eliminate the mass transit benefit for federal employees. The amendments are designed to offset the cost of the relief package. More
Double trouble: House GOP eyes default, shutdown
House Republicans are seriously entertaining dramatic steps, including default or shutting down the government, to force President Barack Obama to finally cut spending by the end of March. The idea of allowing the country to default by refusing to increase the debt limit is getting more widespread and serious traction among House Republicans than people realize, though GOP leaders think shutting down the government is the much more likely outcome of the spending fights this winter. More
Analyst: Pentagon would furlough all civilians under revised sequestration
Government Executive Share
Unless Congress achieves a deal to head off the revised schedule for across-the-board spending cuts, the Defense Department in March will be forced to begin rotating monthly furloughs of all 791,000 of its civilian employees, a prominent budget analyst said on Wednesday. More
Do you need a financial adviser?
U.S. News & World Report Share
Not everyone needs a financial adviser, but they can help people get their financial lives in order. Some financial advisers work with clients on positioning all of their finances, while others simply guide them in the right direction. So how do you know if you need a financial adviser in the first place? And if you do need one, how do you know whom to hire? More
The lifecycle of retirement
Government Executive Share
The Government Business Council, the research division of Government Executive Media Group, undertook a large study to assess the perceptions, attitudes and experience of federal employees regarding retirement planning and income security. This article compiles the findings from a comprehensive survey on retirement planning, as well as expert interviews and secondary research from across government. More
FDA advisory panel votes to approve diabetes drug
The New York Times Share
A federal advisory panel voted 10 to five to approve a diabetes drug that could be the first in a new class of drugs in the United States to treat the disease, although several members raised concerns about potential cardiovascular risks and its use in people whose kidneys are impaired. The drug, canagliflozin, is being developed by Johnson & Johnson and is part of a new group of drugs that lowers blood sugar by causing blood sugar to be excreted in the urine. Many existing treatments work by affecting the supply or use of insulin. More
How to create a profitable second-act career
You've never heard of a "semi-retirement" career. But there's a pretty good chance you'll have one, either because you'll need the income or because you'll want to keep working, albeit at a reduced schedule. Or both. More
The best retirement discounts in the world
International Living Share
International Living looks at everything a country has to offer when compiling its Annual Retirement Index. They ask expats the important questions, like: What is the cost of living really like? Or: How easy is it to integrate into the local culture? More
Can a website help you beat jet lag?
It's 4 a.m., and you're lying in bed wide awake in a strange city. Turns out that 12-hour movie marathon on your long-haul flight to Asia didn't ward off the jet lag as well as planned. According to Jay Olson, who works in the psychology department at Vancouver's Simon Fraser University, overcoming jet lag is not as simple as just forcing yourself to stay awake. Instead, travelers need to figure out when to seek and avoid light, based on their own trip and body clocks. More
Consumer Reports offers tips to avoid huge financial mistakes
In a just-released survey, Consumer Reports found a surprising number of people have overlooked some of the most basic financial precautions. That can be devastating, especially when disaster strikes. More
We are NARFE. Join us!
The National Active and Retired Federal Employees Association is the only membership organization solely dedicated to protecting and preserving the benefits of all federal workers and retirees. NARFE is your legislative voice and your information resource. Join now.
Visit NARFE on the Web at www.narfe.org.
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