NARFE NewsWatch
Apr. 24, 2012

Senate takes up postal bill; NARFE opposes workers' comp reductions
The U.S. Senate will be voting today on amendments to the postal overhaul bill (S. 1789), which currently includes reductions to benefits under the Federal Employees' Compensation Act (FECA). These reductions, vigorously opposed by NARFE, would slash compensation for workers hurt while serving our country. At retirement age, injured federal employees would experience a 25-33 percent cut in their compensation benefits. NARFE contends that cutting FECA benefits for all federal workers has no place in the postal reform bill and would disproportionately hurt low-wage workers and seniors with permanent injuries. Over the weekend, many NARFE members responded to the Association's request for members to contact their senators and ask them to support taking the FECA reductions from the bill.More

Am I entitled to have my disability retirement annuity recomputed?
Question: I was a firefighter for many years and retired under disability retirement. I was told by newer retirees that I may be eligible to have my annuity recomputed. Is this correct?More

House panel approves bill allowing semi-retirements
Federal Times
The House Oversight and Government Reform Committee approved a bill that would allow employees to work part time at the end of their careers while earning partial pensions. HR 4363, the Federal Employee Phased Retirement Act, passed by a unanimous voice vote. The committee also approved an amendment that would allow the part-time retirees to transfer unused annual leave into their Thrift Savings Plan accounts once they fully retire.More

Senator tries to rid postal reform bill of language
reducing workers' comp

Government Executive
An amendment introduced during Senate debate would strip a comprehensive U.S. Postal Service reform bill of language scaling back workers' compensation benefits. As the bill stands, the reduction in Federal Employees' Compensation Act benefits would affect many employees who already have sustained injuries on the job, according to NARFE. "It's disturbing because it [reduces benefits], but it applies to people currently in [FECA]," NARFE legislative director Julie Tagen said. "It's not for future disabled workers. At least if you knew about it, you could adjust your lifestyle in some way. But they are currently disabled and have no other way to get income."More

Estate planning: What you won't say can hurt you
The Huffington Post
Those familiar with estate planning, like Ann-Margaret Carrozza, elder law and estate planning attorney based in New York, say it is never too early to make those plans and to make sure they are updated every few years as circumstances change. And it all begins with a conversation with the whole family.More

Your guide to exercising through the ages
U.S. News & World Report
If you wait until age 65 to start exercising, you'll still benefit somewhat: Research has shown that you can, indeed, take steps to reverse the effects of inactivity later in life, and with considerable success. But why take the hard route? Fitness is like retirement savings, Pamela Peeke, assistant professor of medicine at the University of Maryland School of Medicine suggests: Wait until later to start socking away "body currency," and you'll get much less bang for your buck. You'll be trying to amass strength and endurance just as your energy and lean muscle mass have dwindled.More

How to redesign your resume for a recruiter's 6-second attention span
Fast Company's Co.Design
It's frightening. You'll spend most of your waking life at a job, yet, according to a new study by TheLadders, the average recruiter spends just six seconds looking at your resume. By the end of that time, they’ll determine whether you’re "a fit" or a "no fit."More

Retirement communities reinvent themselves for wired, fit baby boomers
Orlando Sentinel
Don Kovac inserts a key, turns the lock and steps back in time. The one-bedroom, one-bath unit built in the 1960s has low ceilings, a small kitchen, little closets and 557 square feet — reflecting a generation that didn't require much space in retirement. This is not what the baby boomers want in a retirement community. They want big kitchens with granite countertops and stainless-steel appliances, walk-in closets, showers instead of tubs, wall space for flat-screen TVs and wireless Internet access.More

Summer travel: Where the deals are … and aren't
The Wall Street Journal
Planning a summer trip? Prepare to pay up if you need to fly or drive there. Travelers are facing fare increases of Olympic proportion this summer, even if they have no plans to watch Michael Phelps take the plunge in London. Rising fuel costs, paired with airline mergers, mean higher ticket prices all around and fewer flights on some routes. And most hotel rates are up around 5 percent because operators expect stronger summer demand.More