Employee groups urge Biden to safeguard federal pensions
Federal Times Share
Federal labor unions and employee associations, including NARFE, recently urged Vice President Joe Biden to reject a proposal to drastically increase the amount federal employees pay into their defined-benefit pension plans. The proposed contribution increase would amount to a tax hike of 5 percent for nearly 1.7 million employees under the Federal Employees Retirement System. More
Best credit cards for retirees
CardRatings.com via Fox Business Share
Once retired, it's time to trade the jacket and tie or laptop-sized shoulder bag for new life goals, with a healthy dose of relaxation and maybe a little travel. You're looking at a lot of changes in your future — new schedule, new hobbies and changes in how you save and spend. It's a good time to compare credit cards to find the best credit card deals that match your life's new needs. More
Biden deficit group gives itself July 1 deadline
Six lawmakers led by Vice President Joe Biden and charged with developing a deficit-reduction plan met for the third time and agreed to give themselves until July 1 to come up with an agreement or decide not to continue. Whether or not to raise taxes remained a key sticking point. While few observers believe the negotiators can cut a deal by July 1, the talks are ramping up with the clear intention of making progress before then. More
Brain exercises for memory and mental clarity
How Life Works Share
As many people hit middle age, they often start to notice that their memory and mental clarity are not what they used to be. We suddenly can't remember where we put the keys just a moment ago, an old acquaintance's name or the name of an old band we used to love. While seemingly innocent, this loss of mental focus can potentially have a detrimental impact on our professional, social and personal well-being. More
Study reveals costs of caring for aging parents
Healthcare Finance News Share
The sacrifices caregivers make to aid their aging parents have a significant impact on their current and future financial stability, says a new study. The study revealed that adults in the United States who take care of their aging parents lose an estimated $3 trillion in wages, pension and Social Security benefits (when they take time off to care for their parents). More
10 ways to beat the blues in a long job hunt
Fortune via CNNMoney Share
It's hard to stay upbeat when you've been pounding the pavement for months on end. Read on for a few tips on how to stay in the game. More
Report: Working women 'markedly less confident' about retirement than men
Workforce Management Share
Working women not only earn less on average than their male counterparts, they also set aside less money for retirement, raising the prospect of financial difficulties later in life, according to a new report. The survey conveys that women are "markedly less confident" than men about investing. Only 25 percent of female workers express confidence in how their retirement investments are allocated, in comparison to 42 percent of men. More
Consumer group: More travel fees coming
Charlie Leocha, founder of the nonprofit advocacy group Consumer Travel Alliance, shares his thoughts about fees, advice for travelers and general feelings about the direction of the industry. More
Cut your air conditioning costs by using a fan, too
Very few people eschew air conditioning because they prefer fresh air. The rest of us get through the hot weather by running window units or central air conditioning and paying the price. But Consumer Reports tests show that some air conditioners are more energy-efficient than others so you can keep cool without getting hot under the collar when you see your utility bill. "A growing body of research suggests that fans deserve a bigger fan club," wrote Michael Tortorello in The New York Times. More
A NARFE member asks about transferring a time-off award
Question: Can a time-off award be transferred if I leave one agency and accept a position with another agency? More
Conference calls set stage for Advocacy Month
NARFE national officers and legislative staff are conducting conference calls this week with leaders in NARFE's 10 regions to encourage participation in "NARFE Grass-Roots Advocacy Month" in August. The Aug. 6 - Sept. 7 congressional recess offers NARFE activists access to lawmakers in their home districts. Find out from your chapter and federation what Advocacy Month activities are being planned in your area.
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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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