Interim payments rise for nearly one-third of recent retirees
The Office of Personnel Management (OPM) said Jan. 6 it has increased interim payments to almost one-third of recent retirees awaiting their full pensions. About 36,000 recent retirees are now receiving interim annuities — which are sometimes as low as half of what they are owed — for months while OPM tries to calculate the correct amount. After a Federal Times story in October detailed the problems many retirees face getting their complete pensions, OPM Director John Berry pledged to maximize interim annuities as much as possible by the end of December to ease the burden on them. More
Tax system: Too complex to be constitutional?
Douglas Shulman says he uses a hired tax preparer because the U.S. tax code is so complex. That's a bad sign. He's the IRS commissioner. The tax system has clearly gotten too complicated. The code itself holds about 3.8 million words, nearly five times as many as the King James Bible. More
New GOP proposal targets federal work force
The Washington Post Share
A series of measures recently proposed by House conservatives to shrink the federal deficit included several that would fall heavily on the federal work force. The Republican Study Committee, who unveiled the plan, called their proposal the "Spending Reduction Act of 2011," and they said it delivers on campaign promises to cut non-defense spending from the federal budget. More
Federal work force budget cuts would mean customer service cuts for taxpayers
The Washington Post Share
If you thought the two-year pay freeze President Obama and Congress imposed on federal employees would mollify Republican calls for harsher worker sacrifices, you would be wrong. The Republican Study Committee, a group that makes up almost 70 percent of the Republicans in the House, wants more. More
2 tests could aid in risk assessment and early diagnosis of Alzheimer's
The New York Times Share
Researchers are reporting major advances toward resolving two underlying problems involving Alzheimer's disease: How do you know if someone who is demented has it? And how can you screen the general population to see who is at risk? One study, reported in The New York Times in June, evaluated a new type of brain scan that can detect plaques that are uniquely characteristic of Alzheimer's disease. More
Making the most out of time with grandkids
Creators.com via Tri Valley Central Share
In the America depicted by Norman Rockwell, grandparents and grandchildren lived near each other and spent a lot of time together. This scenario has changed during the past few decades as American society has become more mobile, which often results in the generations living thousands of miles apart. The bond between grandparents and grandchildren remains a special one, even if they reside on opposite coasts. In reality, however, this bond may have to be relearned if they only see each other a few times a year, according to Rabbi Richard Address, specialist and congregation consultant for the North American Reform movement in the areas of aging, grandparenting and elder care. More
The best part-time jobs for retirees
By now, almost anyone with an IRA has probably considered the prospect of working, at least a little bit, in retirement. But new research shows something surprising: Far more people who are working in retirement are doing so because they want to, not because they need to. For them, there's good news. The pool of part-time, flexible-schedule, professional jobs – precisely the ones that appeal to retirees – is growing. More
Is now the time to buy a retirement home?
The Wall Street Journal Share
Palm Beach, Fla.; Hilton Head Island, S.C.; and Santa Barbara, Calif. They are some of the most coveted vacation and retirement home markets in the nation — and like many other locales popular with retirees, they're seeing an uptick in home sales. It's a trend that's catching the attention of many soon-to-be retirees, too, who wonder if those buyers are onto something. And it begs the question: With housing prices depressed and interest rates low, should you buy a retirement home even if you're years away from living in it? More
Southwest CEO: 'I'd rather have a customer than a bag fee'
The Philadelphia Inquirer Share
Even as rising fuel prices hike operating expenses, Southwest Airlines Co. recently said that fourth-quarter earnings were up 13 percent and that bookings were strong through March. "Except for fuel, we have a great outlook for 2011," Southwest Chief Executive Gary Kelly told investors during a conference call. "In particular, I believe business-travel demand will continue to strengthen." More
The 20 most frugal US cities
Known for Coca-Cola, peach trees and "Gone With the Wind," Atlanta now holds yet another honor: It is home to some of the most frugal shoppers in the country. According to data collected by Coupons.com, residents of Atlanta used the site's online coupons more than any other city in the country, printing an average of more than $1,000 in coupons in 2010, almost doubling the average of $531 they printed in 2009. It was the second year in a row that Atlanta ranked at the top of the site's Most Frugal U.S. Cities list. More
A NARFE member asks when OPM will mail 1099-R tax forms
Question: When will I receive my 1099-R tax form from the Office of Personnel Management (OPM)? More
Let the 90th anniversary celebrations begin
NARFE celebrates its 90th anniversary in 2011 (Feb. 19 to be exact). To help members mark the occasion, the Association has three products for sale at nominal prices: a NARFE history book, a NARFE history PowerPoint presentation for chapters and federations to use at meetings and conventions, and a commemorative anniversary pin. NARFE is "90 Years Strong" in 2011. Show your pride and purchase these anniversary items today. More
Are you a member of NARFE? If not, join today!
The National Active and Retired Federal Employees Association (NARFE) 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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