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|Main Home Page Members Home Page Public Relations||Oct. 25, 2011|
Radical deficit-cutting options on table
Federal Times Share
Among the hundreds of deficit-cutting recommendations that poured into the 12-member supercommittee in October, one urged that new and current federal employees with less than five years of service get no defined-benefit pension. It also calls for cutting the pensions of Federal Employees Retirement System employees with more than five years of service. "We're a much smaller constituency than other programs that are on the table," said Dan Adcock, legislative director of the National Active and Retired Federal Employees Association, which plans a national "call-in day" Nov. 2 to have its 300,000 members contact lawmakers and urge them not to single out federal employees and retirees. More
Retirees to receive COLAs for 1st time in 2 years
Federal Times Share
After two years without a cost-of-living adjustment, federal retirees will receive a COLA hike in 2012, beginning in their January checks. Retirees in the Civil Service Retirement System will see an increase of 3.6 percent in their annuities, while retirees in the Federal Employees Retirement System will see an increase of 2.6 percent. More
IRS: Investment limit for TSP to rise
The Washington Post Share
The investment limit in the Thrift Savings Plan, the retirement savings program for federal employees, will increase in 2012 for the first time since 2009, the IRS announced. Employees will now be able to contribute up to $17,000 to the plan. The TSP is open to federal and postal employees and uniformed military personnel. Nearly 2.6 million active employees and about 700,000 military personnel make pre-tax investments in the plan from their paychecks. More
Long-term care costs can bankrupt an average family, yet few carry insurance
The Associated Press via Newser Share
The Obama administration's decision to pull the plug on a flawed long-term care insurance plan called the CLASS Act is likely to worsen a financial dilemma middle-class families are unprepared for. Long-term care in a nursing home can cost more than $200 a day, and hiring a part-time home health aide averages $450 a week. Medicare doesn't cover it, and only about 3 percent of adults have their own policy. More
How to lower cholesterol without pills
ABC News Share
A nutrient-poor diet filled with added sugars and unhealthy trans fats is known to cause high cholesterol, so it makes sense to try and fix the problem with healthy food. Although 25 percent of adults over age 45 take cholesterol-lowering drugs called statins, which can sap your energy and cause problems for your sex life, research reveals that changes to your diet might actually do a better job. More
Post-divorce dating: Time or timing?
The Huffington Post Share
Those who have been through a divorce have most likely been off the dating market for a while. And the thought of plunging back into the wicked waters of social interaction can be daunting. Taking a chance and getting back out there may sound like a good idea, but time and timing play pivotal roles. More
Top sites for nonprofit jobs
While some industries continue to cut jobs, nonprofits are adding them. That makes it a good time to investigate openings at charitable organizations. Workplace experts see more midcareer and older workers signing on with nonprofits. People are staying in the workforce longer, and many apply what they learned in first careers to encore jobs at nonprofits. More
5 ways retirement will change
The more things change, the less they will be the same. That's not a mistake. That's a fact. Over the next decade, new products, technology and adviser practices will make retirement look quite different than it does today. More
Best fall getaways
U.S. News & World Report Share
Fall is typically the time when kids go back to school and parents get back to work. And because this is a common mindset, fall is also a spectacular shoulder season with discounts that few people utilize. Now is actually the time to visit a few popular summer destinations, since their prices, crowds and temperatures have dropped. More
How grocery price matching can save you money
If you want to get the best sale prices for the week at each of your local grocery stores, but you don't want to make multiple shopping trips, there's good news. Price matching can allow you to consolidate all of those trips into one without missing any deals. Here's how to do it. More
Where can I get information on 2012 FEHBP premiums?
Question: I would like to see what the premiums will be for the Federal Employees Health Benefits Program in 2012. Can you tell me where I can get this information? More
NARFE president calls retiree COLA a 'breath of fresh air'
NARFE President Joseph A. Beaudoin called the announcement that federal retiree annuities will get a cost-of-living increase in 2012 "a breath of fresh air." Annuities have not risen in the past two years. Retirees in the Civil Service Retirement System will receive a 3.6 percent increase in their annuities, while retirees in the Federal Employees Retirement System will receive a 2.6 percent increase. More
NARFE announces 'National Call Congress Day,' Nov. 2
NARFE is asking all Association members to call their members of Congress Nov. 2, to make sure they know that federal retirees and active employees who protect America's heartbeat won't sit still while they are singled out for unfair cuts by the congressional supercommittee. For instructions on how to make your toll-free calls to Congress, click here.
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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