NewsWatch will publish next Wednesday
Next week's edition of NARFE NewsWatch will be distributed on Wednesday, Jan. 2, instead of Tuesday. NARFE officers and staff wish a Happy New Year to all!
House passes bill requiring feds to pay more for retirement
Government Executive Share
House lawmakers passed legislation requiring spending cuts to accompany Speaker John Boehner's Plan B tax proposal, including major changes to federal employee retirement plans, before Boehner pulled the Plan B bill from the floor for lack of GOP support. The 2012 Spending Reduction Act, part of the Republican plan to address the fiscal cliff, includes provisions to increase the amount employees must pay into either the Civil Service Retirement System or the Federal Employee Retirement System. Federal workers would have to contribute five percent more into their retirement plans during the next five years, with the increase instituted incrementally. More
OPM fast tracking draft regulations for phased retirement
Federal News Radio Share
Three times more federal employees are expected to retire as of Jan. 1 than at any other time during the year. In January 2011, more than 21,000 federal employees decided to leave their jobs, according to Office of Personnel Management statistics. As January rolls around once again, OPM officials expect another rush of retirements. More
Congress approves Hatch Act update
Government Executive Share
The first Hatch Act update in nearly 20 years, which was headed to President Obama's desk after the House approved it Wednesday, will allow for some state and local government officials to run for partisan elected office. More
Congress agrees to cutting 36,000 Defense Department civilians
Federal Times Share
A House-Senate conference committee has approved a bill that will force the Defense Department to cut about 36,000 civilian employees over the next five years. Sen. John McCain, R-Ariz., originally proposed the measure in the 2013 Defense authorization bill that now requires a 5 percent cut in the agency's civilian workforce. It also requires a 5 percent cut in its contractor staff. More
Selling stock by year-end for tax reasons? Think Twice
Hurry, hurry, hurry. Take advantage of low capital gains rates now, before they go up, and sell stocks. You hear a lot of that. But don't jump too fast, cautions Charlie Benway, the principal of Main Street Financial LLC in Mount Kisco, N.Y. More
Eat your way to health and happiness
If a single food was guaranteed to make you instantly slim or happy, or end your allergy woes, stores would have to fight back the feverish shoppers. OK, we're not quite there yet, but there are foods and nutrients that science says benefit your well-being. More
Older workers: Searching for work for the first time in years?
If you are like many older workers, you may find yourself searching for work for the first time in years, and feeling understandably lost in this new modern age of online job postings, social networking and computerized application systems. The way to find a job today is a bit different than any time in the past, with high competition and the extra challenge of computerized job applications. More
Florida sweeps top 13 slots in Southern retirement rankings
The Business Journals Share
The most popular retirement destination in the 13 Southern states is located in Florida. The Business Journals have developed a six-part formula to gauge the relative popularity of 233 Southern metropolitan and micropolitan areas among persons who are 65 or older. More
The 12 best-value destinations for your frequent flyer miles
The Huffington Post Share
In general, using miles to book international trips gets you far better value than spending them to fly around the continental United States. Obviously, there are exceptions. Not everyone wants to travel abroad, or perhaps you need to fly across the country for a wedding soon and tickets are over $500. But as a rule of thumb, if you're planning to fly abroad anytime in the near future, you'll get far more bang for your buck by saving your miles for international flights. Here's why. More
Feel free to stick with Windows 7, says Consumer Reports
NBC News Share
If you don't have a "compelling" reason to switch from Windows 7 to Windows 8, then don't, Consumer Reports said after looking at the pros and cons of Microsoft's latest operating system. More
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