NARFE NewsWatch
Oct. 16, 2012

2013 COLA announced: Federal annuities will rise next year
NARFE
Federal retirees will receive a cost-of-living adjustment to their civil service annuities beginning in January. Retirees in the Civil Service Retirement System and the Federal Employees Retirement System will receive a 1.7 percent increase to their annuities next year, the same increase given to Social Security recipients.More

Annuity and private-sector work
NARFE
Question: What will happen to my annuity if I decide to return to work in the private sector?More

Nobel Prize in physics goes to federal scientist
The Washington Post
If there was an international nice-guy prize, David Wineland probably could win that too. As it is, he'll have to settle for the Nobel Prize in physics. Wineland is a physicist with the Commerce Department's National Institute of Standards and Technology, a little-known agency that does very important work. More

Retirements surge, new hires plummet
Federal Times
The federal government's long-awaited retirement wave is here, and it's smacking headlong into the biggest hiring slowdown in a decade. With no end to tight budgets in sight — and with even steeper sequestration cuts possibly on the horizon — employees worry things could break down even further.More

Former Obama adviser: Feds are underpaid
Government Executive
An underpaid federal workforce is one of many short-sighted legacies the nation risks passing to the next generation if it fails to spur the economy through long-term investments in infrastructure, economist Larry Summers said. "If the federal workforce is underpaid, that will compromise our children as well," the former Obama economic adviser and Clinton administration Treasury secretary said in a talk titled "Beyond the Fiscal Cliff" at the Center for American Progress.More

'Senior' cellphone plans a good deal?
MSN Money
At a time when many older consumers are rebuilding battered nest eggs and wrestling with health care costs, the relatively low sticker price of a "senior" cellphone plan can be alluring. But many of those plans reflect a pretty old-fashioned view of how people use their phones. They charge extra for email and other kinds of data — and that means many customers could wind up with much bigger bills than they expected.More

The latest outlook on Alzheimer's
U.S. News & World Report
More than 5 million Americans have Alzheimer's disease, and the nonprofit Alzheimer's Association projects that, barring major advances, 11 million to 16 million will have it by 2050 — at an annual cost of $1.1 trillion in today's dollars. In May, the government announced the first national plan to combat Alzheimer's, and one focus is the role of beta-amyloid plaques in the brain, a leading suspect in this form of dementia.More

Boomers: Shifting household needs create home design opportunities
ARA via Journal Sentinel
Boomers expect to stay in their homes and live independently into their later years, but in the midst of change that is occurring in their households, it's easy for them to lose focus on planning for their own future housing needs. New research by The Hartford shows that 40 percent of boomers have experienced or anticipate experiencing family member changes in and out of the home, mostly related to their children. However, 70 percent of boomers have not made design changes to their living space, perhaps due to the fact that they don't know if their children will move back home, notes Jodi Olshevski, gerontologist at The Hartford. More

3 tips for job-seeking boomers hoping to combat age discrimination
U.S. News & World Report
Recently, the research and consulting firm Millennial Branding teamed up with the career networking site Beyond.com to survey more than 5,000 job seekers about their job search. And they found that baby boomers are having the toughest time finding jobs compared to other generations. These results aren't a huge shocker — there are plenty of reasons why employers might be wary of bringing older folks on board. So what can you do about it? Dan Schawbel, a Gen Y expert and founder of Millennial Branding offers some tactful tips to combat age discrimination.More

Will I ever get off this treadmill?
The New York Times
However their feelings about it differ, most people realize that the rules of retirement have changed. In April, a Gallup survey of nonretired adults found that the average American expects to retire at age 67 — four years later than those polled a decade earlier and seven years later than those polled in the mid-1990s. Research tends to back them up. The Center for Retirement Research at Boston College reports that the average retirement age for men has climbed to 64 from 62 over the past 20 years.More

Travelers hit with fees every step of the trip
USA Today
Airlines aren't the only ones in the travel industry that are charging fees for services and products that once were free. Hotels, rental car firms and cruise ships are joining in. More