House passes bill that would cut federal pay, benefits
On April 15, the House passed a Republican budget plan for fiscal 2012 that would freeze federal employees' step increases and pay raises for five years, cut the government's work force by 10 percent and require federal workers to pay much more into their pension plans. H. Con. Res. 34, proposed by Rep. Paul Ryan, R-Wis., also sets a budget blueprint for the next 10 years that would cut $6 trillion in federal spending. It stands virtually no chance of passing the Senate, which is controlled by Democrats who oppose the bill. Ryan's plan would only allow the government to hire one new employee for every three who leave, which he said would cut 10 percent from the federal work force by 2014. More
5 estate planning moves for those without heirs
Investing Answers Share
The whole point of estate planning is to leave your children and spouse in as strong a position as possible in case you die. But that doesn't mean that those without a spouse or children need not bother. On the contrary, settling all of your personal matters will prove to be quite burdensome for whatever friend or relative takes on the task. You may be around another 50 years, or you may be gone tomorrow, so you may as well set up a plan right now. More
OMB: Changes to federal retirement benefits 'on the table'
Federal Times Share
Although President Barack Obama's deficit reduction plan, unveiled April 13, does not include provisions cutting federal pay or benefits, changes to federal retirement plans are "on the table," an Office of Management and Budget official said April 14. "It's not in the plan now, but it's something we're looking at," the official said. Obama is not currently considering cuts to federal pay, the official said. More
Seniors who shop frequently live longer
Medical News Today Share
Elderly people who shop as frequently as every day are more likely to live longer than less frequent shoppers, with men appearing to benefit more from the activity than women, according to a new study from Taiwan, published in the Journal of Epidemiology and Community Health. Dr. Yu-Hung Chang, from the National Health Research Institutes in Taiwan, and colleagues studied nearly 1,850 elderly people age 65 and over who were living independently at home and who took part in the nationally representative 1999-2000 Elderly Nutrition and Health Survey in Taiwan. More
More seniors opting for Facebook time
Move over, millennials: That next friend request on Facebook could be from grandma. Claire Edelman, a New Jersey grandmother of 17, joined the social networking site with the help of one of her grandchildren so she could see their photos even when she couldn't see their faces. Edelman is one of many senior citizens using social networking at rapidly increasing rates, according to a 2010 study by the Pew Research Center. Social networking use among Internet users age 50 and older has nearly doubled. More
Older workers remain vital
The Coloradoan Share
In decades past, many people have been eager to retire and start another phase of life. But more recently, a growing number have continued working past the age of 65. Some choose to work, some realize they might outlive their retirement and some just have to meet expenses. A report from the Congressional Research Service said 11.5 percent of unemployed adults age 55 and older spent the last two years looking for work. Without a doubt, job hunting can be discouraging. Work is available but might require a more creative approach. Here are a few tips gleaned from a variety of sources. More
Survey: Advisors advising, but boomers not buying
Sure, everybody complains about the weather, but nobody does anything about it. The same can be said for baby boomers, who continue to worry about their retirement savings but do little to change the situation. According to a recent survey conducted by MetLife Inc., nearly half the boomers polled said that they check their retirement balance at least once a week. Eight of 10 check the amount at least once a month. Nevertheless, only a third said that they are confident about their investments. More
Summer airfares may climb 15 percent
Los Angeles Times Share
As the summer travel season approaches, airline industry experts predict that soaring fuel prices and a sharp pickup in passenger demand will push airfares up 15 percent over a year earlier — to levels not seen since before the economic downturn. Fare hikes have already begun, with six of the nation's largest airlines each raising rates at least five times since Jan. 1 for nearly all routes. More
Downsizing boomers looking to sell their belongings
For years now, Americans have been gathering and collecting at an amazing pace, filling homes that over the past half-century have more than doubled in size, to an average of nearly 2,500 square feet. But this all changes once retirees hit the empty-nest, time-to-start-downsizing phase — and begin wondering what to do with their mountains of accumulated stuff. With some 8,000 Americans turning 65 every day, on average, and the senior population expected to double by 2050, millions are facing a massive, multifaceted purge that's turning out to be much tougher than they thought it would be. More
A NARFE member asks whether health insurance payments are made with pre-tax dollars
Question: I am retired and am trying to verify if my health insurance premiums are paid with pre-tax dollars for income tax deduction purposes. More
NARFE tells officials: In budget battle, remember the important services that federal workers provide
As Congress and the White House continue working on reducing the national debt, NARFE President Joseph A. Beaudoin said officials must take into account the important role of federal employees. NARFE issued a statement from Beaudoin following President Barack Obama's April 13 speech on the federal deficit. More
Lights, camera, action! NARFE gets into video
In the last month, NARFE has increased its video presence on the Internet. The latest: Video clips of NARFE members telling their stories of service for NARFE's "Protect America's Heartbeat" campaign. Go to the campaign website, sign the petition, then click on "Read Their Stories." More
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The National Active and Retired Federal Employees Association is the only organization dedicated solely to protecting and enhancing the health care and retirement benefits of federal employees and their survivors.
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