NARFE NewsWatch
Aug. 5, 2014

Take advantage of 'NARFE Grass-Roots Advocacy Month'
Most members of Congress will return to their home districts and states during the congressional summer recess, Aug. 1 to Sept. 8. NARFE members should take advantage of this opportunity by participating in NARFE Grass-Roots Advocacy Month. Find out how to be an advocate using the Choose Your Own Advocacy Adventure guide, which is featured in the August issue of narfe magazine (pages 8-9), and the Protect America's Heartbeat Toolkit. Following your advocacy activity, let the NARFE Legislative Department know about your efforts by sending an email to or by calling 703-838-7760, ext. 201.More

Direct deposit
Question: Could you tell me how I can change the direct deposit of my annuity?More

Bill would repeal recent pension contribution hikes
Government Executive
A new bill would walk back retirement pension contribution hikes for new federal employees, approved by Congress in recent years to address deficit concerns. The legislation — introduced by Rep. Donna Edwards, D-Md., and cosponsored by Rep. Gerry Connolly, D-Va. — would repeal two separate increases on the amount federal workers must pay toward their pensions.More

Commentary: Pension predators continue to prey on seniors
Roll Call
The Government Accountability Office recently released the details of its monthslong undercover investigation into companies targeting and preying on retirees with so-called pension advance schemes. Run by scammers a rung below payday lenders, these companies market to financially distressed retirees and trade their future pension payments in exchange for a lump-sum cash transfer.More

Many part-time feds will soon be eligible for federal health benefits
Government Executive
Thousands of previously ineligible federal employees will soon have access to the government-sponsored health care package, the Office of Personnel Management announced. Currently, temporary, intermittent and seasonal employees who work for fewer than six months each year are not eligible to enroll in the Federal Employees Health Benefits Program. OPM issued a proposed rule, however, to grant many of those workers access to the insurance benefit.More

Your TSP withdrawal options
The TSP is an efficient accumulation vehicle. Between it being payroll-deducted, offering a match up to 5 percent and having low fees, the TSP can be a great investment vehicle to save for retirement. What about the second phase of your life, though? The distribution phase. What are your options to withdraw your funds and what are the pros and cons of each option?More

Slow walkers may be on their way to dementia
Wait a minute. Weren't we told by Simon and Garfunkel: "Slow down, you move too fast. You've got to make the morning last"? And by some other philosopher to "stop and smell the roses"? Now we learn from new research that walking slow can be a bad thing — or at least reveal that you might be slouching toward Alzheimer's. Published in the medical journal Neurology, the study shows that among older people with memory complaints those who walk more slowly are more susceptible to future dementia.More

Retirement travel: Good and good for you
Travel during retirement can be much more than just an enjoyable activity. Travel and its associated activities have been linked to healthy aging — boosting physical, cognitive and social benefits. Those who travel tend to be more active, and research shows that older adults who are physically active have lower rates of heart disease, high blood pressure, stroke, diabetes and cancers, and a reduced risk of falling.More

Three essential tips to switch to a second career
Next Avenue
Chris Farrell writes, "Switching careers to open a labor-of-love business in your 50s or 60s is a certifiable trend in America today. As Ting Zhang, an economist at the Merrick School of Business at the University of Baltimore and the author of 'Elderly Entrepreneurship in an Aging US Economy: It's Never Too Late' told me: 'Some older workers have been cherishing a dream, wanting to start their own business, and the time is now. Aging is a new opportunity to be an entrepreneur.'"More

Tips for protecting your online privacy
Consumer Affairs
If you're feeling a bit creeped out by the Internet these days, you aren't alone. A survey of U.S. Internet users found that nearly 75 percent admit to being worried about the quantity of personal information about them available online. What's more, they say they don't trust social media sites to keep their contact information, buying habits and political beliefs confidential.More