Debt ceiling deal may mean lower COLAs for retirees
Federal Times Share
President Barack Obama's apparent willingness to accept changes to Social Security could mean bad news for federal and military retirees, a federal employees' organization recently said. According to multiple news reports, Obama has decided to accept cuts to Social Security to help reduce the deficit, and get congressional Republicans to agree to raise the debt ceiling and avoid a government default on its debt. Dan Adcock, legislative director for the National Active and Retired Federal Employees Association, said this would likely mean using the so-called chained Consumer Price Index to set Social Security payouts. More
Medicare recipients could be affected in debt deal
The Associated Press via Google News Share
A debt-busting deal on the scale that President Barack Obama and House Speaker John Boehner had talked about would have all but guaranteed that people on Medicare would feel at least some of the pain. But Boehner recently said he wouldn't seek the $4 trillion deficit-reduction deal but would seek $2 trillion in reductions. The exact effects of that shift by Boehner weren't immediately clear. Low-income people on Medicaid wouldn't have escaped totally under a major deal either. More
Opinion: The easy way Washington could save $1 trillion
The Wall Street Journal Share
With debt-reduction talks in disarray, Democrats and Republicans should adopt a new approach: pursue savings by strategically reorganizing the vast federal government. Not only could this produce as much as $1 trillion in savings, but it could create bipartisan momentum to clear the way for harder future choices on taxes and spending. More
Report: Discrimination allegations on the rise
Federal job discrimination complaints increased nearly 4 percent in fiscal 2010 over the previous year, and payments to employees found to have experienced discrimination grew as well, according to a new report. In its annual report on the federal workforce, the Equal Employment Opportunity Commission found that retaliation was the most common allegation, which was followed by age and race discrimination. More
Get moving: More health risks of sitting reported
Extensive sitting increases women's risk of pulmonary embolism, finds a new study in the current issue of the British Medical Journal. Women who reported the most inactivity were about twice as likely to experience PE as women reporting the least amount of inactivity. Extensive immobility — for example, being confined to a hospital bed after surgery — has long been a known risk factor for blood clots and PE. But this study shows that a generally inactive lifestyle increases the risk of PE, too. A PE occurs when a substance, usually a blood clot, travels through the bloodstream and lodges in the main artery leading to the lungs. More
More boomers finding love online
Fox Business Share
The baby boomer generation is all grown up, and a new dating tool is at their disposal: the Internet. No more awkward blind dates, bad dates with a friend's crazy third cousin and straining to hear someone at a bar. Baby boomers are hopping online and joining a new breed of online dating sites catering to the 50-plus age group. More
If you're over 50 and unemployed, don't miss this site
If you find yourself among the ranks of older job hunters, one of the most valuable resources to emerge from the Great Recession is also among the most poignant: a website called Over 50 and Out of Work. The website documents the nation's unemployed through interviews, which creates a portrait of older Americans grappling with the loss of jobs. The mission of the project is to help individuals age 50-plus "get back into the labor force by improving the cultural perception of older workers and by influencing public policy changes that will make it easier for them to find re-employment." More
Retirees need less stocks, more annuities
Less stocks, more annuities. That, in essence, is the advice gleaned from two just-published reports for the benefit of those living in or approaching retirement. Retirees should invest just 5 to 25 percent of their portfolios in stocks, or at least that's the case for those whose primary goal is to minimize the risk of running out of money and sustaining their withdrawals, said one report. And, Americans can avoid the risk of outliving their assets by saving more, working longer, investing wisely, delaying Social Security and buying a life annuity, according to the Government Accountability Office. More
The quest for transparent airline fees
Los Angeles Times Share
To make determining airfares easier for consumers, a new federal rule would require airlines to list their fees on a single page on their websites, starting Aug. 23. But the industry has petitioned for the rule to be delayed or dropped. Under a new federal rule dubbed "Enhancing Airline Passenger Protections," each airline would be required to list all its so-called ancillary, or optional, fees on a single Web page, linked from its home page. More
7 ways to save on everyday expenses
Money magazine readers have saved hundreds of dollars, freed up time and raised their money game with simple strategies on how to do things faster, better and cheaper. Here are their tips on everything from saving on family vacations to cutting car insurance rates. More
A NARFE member asks about law enforcement retirement rules
Question: I am a law enforcement officer under the Federal Employees Retirement System. I want to work until I am age 62. I understand that I can switch to a position not covered by the law enforcement officer rules and not be subject to the mandatory separation age of 57. Is this correct? More
NARFE executive board and federation presidents hold Reno, Nev., meetings
Presidents from NARFE's state federations will meet next week in Reno, Nev. The Federation Presidents Meeting will be held in conjunction with a meeting of the NARFE National executive board. The board convenes July 18. The federation presidents' gathering begins July 19. The groups will hold separate and joint sessions, be briefed on the threats faced by federal employees and retirees as part of budget deficit discussions, and get an update on NARFE's "Protect America's Heartbeat" campaign of communications and advocacy. The meetings will take place at John Ascuaga's Nugget hotel, which will be the site of the 2012 NARFE National Convention.
Are you a member of NARFE? If not, join today!
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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